Total loan: $9,975
New Brunswick, NJ, United States / Services
Juana's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped To purchase pedicure equipment for her thriving beauty salon.
Juana has more than 10 years of experience as a hair stylist, starting in her home country of the Dominican Republic. With a cosmetology license from the State of New Jersey, Juana started working in Lexoos Salon, one of the oldest and busiest beauty salons on George Street in New Brunswick. Being paid entirely on commission, Juana developed her sales skills and built a strong client base at Lexoos. In May 2011, Juana decided to open her own business and purchased a beauty salon in downtown New Brunswick. Juana invested $20,000 of her savings to purchase the existing business and to buy new equipment. She continues to invest all of her time as well, working seven days a week and coming into the shop even on holidays. This loan will allow Juana's salon to offer new services, such as pedicures. Juana will generate additional income and also be able to further differentiate her business from other beauty salons in New Brunswick.