We’ve all heard the old saying, “Choose a job you love, and you'll never work a day in your life.” Chad Clark and Mark Binegar are proving this adage true with the assistance of the U.S. Small Business Administration (SBA).
Clark and Binegar dreamed of owning their own cosmetology school for over a decade. Clark would handle admissions and marketing and Binegar, a trained cosmetologist with over 25 years of experience, would oversee education. Together, they put their heart and soul into developing a curriculum, creating a business plan, and designing a school they were proud to represent. After a few setbacks, the team was ready to make the dream a reality; however they stumbled upon a roadblock that jeopardized all of their hard work.
Clark visited multiple banks looking for a loan to fund the start-up company. Each bank led to the same response – “loan denied.” That is, until Clark was connected with Tim James from the First Microloan of West... Read More