Situation:
In 2005, Lisa Cochran started “The Studio”, a beauty salon in Laurel, MS. Lisa’s passion lends itself well to this chosen venture given her extrinsic and intrinsic care for her clients. The salon offers a complete beauty service catalog consisting of all elements of hair and body care. Lisa and her professional staff are qualified to provide the kind of total body service experience. Using the momentum garnered from the first location Lisa opened a second location in Hattiesburg, MS during 2007.
Solution: How the SBA helped:
Lisa began her SBA journey by contacting the Small Business Development Center (SBDC), an SBA resource partner for help to develop an SBA Low Doc loan package to finance the business.
The SBDC assisted Lisa in developing a business plan to fund a second location backed by an SBA loan. Lisa continues her relationship with the SBDC by receiving business counseling and attending business workshops.
Lisa said, “The SBA... Read More