It helped me to elevate.Ī: I have a pretty big clientele. I was trying to figure out what the best way to start my business. When I was trying to figure out my business in 2017, I signed up for a small business program at Waubonsee. I was working in the shop and I had high aspirations of being my own boss. I specialize in men's hair grooming, with a few women clients, as well as hair restoration. Q: What motivated you to start this business?Ī: I started four years ago.
But the PPP was a nice cushion for myself and other staff until we opened back up in June.
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Unfortunately, the loan amount wasn't as much as I needed, because it was based on 2019 numbers that did not reflect my full payroll. Q: How did the Paycheck Protection Program help you meet that challenge?Ī: When the PPP came out, I got approval right away with Byline Bank since I was an existing SBA customer. We did still see some patients during that time, but not enough to sustain the business. We're all hands-on care - nothing could be done remote. I had about 25 employees and had to tell them to go home in the first week. Q: Specifically, how did COVID-19 impact your business, and what's the biggest challenge you've faced this year?Ī: We opened March 7. When I finally found the right location, I took my amazing business plan to the banks and I was offered an SBA loan in December 2019. Before finding my facility, I looked at all kinds of buildings - rentals, old farms, everything. We started looking at growth opportunities. I started working with Harriet Parker, director of the Illinois SBDC at Waubonsee Community College, about two years ago going over numbers and financial projections, the not-fun stuff.
Charles, IL 60174Įmail address: What motivated you to start this business?Ī: I was a solo chiropractor since 2009, but I always had a dream of opening my own day spa.
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