Total loan: $8,000
Philadelphia, PA, United States / Retail
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A loan helped us restock our shop for spring/summer, increase our revenue, along with providing much needed operating capital.
I moved into Northern Liberties in in 1994, I loved it because it reminded of where I grew up in Red Bank, New Jersey but more artsy and eclectic. In 1997 my landlord suggested that I buy property in this area, he said it was up and coming. I followed his lead and purchased my home here. I’ve wanted a small shop all of my life and have always been attracted to the arts and anything creative. I dabble in interior design, love Mid Century Modern and absolutely crave anything handmade. I attended college in New York and Philadelphia and have 30 plus years in retail management. In 1998 I met Dagmar, a longtime resident of Philadelphia and at one point had two flower shops. In 1999 Dagmar and I became partners and purchased a building on a dilapidated corridor in Northern Liberties Philadelphia. In 2000 we began creating our vision. Once the vision was clear Dagmar came up with the name, Trunc “Rooted in the Cycle of Life”. On October 13th 2018, Trunc opened in the neighborhood of Northern Liberties. The inventory is about %80 handmade (%40 is local, Philadelphia), 15% is consignment, %10 is vintage and 90% are women. We know that artists have limited funding streams so one of our goals is to buy wholesale from artists and showcase their art. We want to continue this success and grow our business and that’s why we need this cash injection. This financial support will help us continue to make the vision a reality.