Funded

Total loan: $6,150
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Jesse


A loan of $6,150 helped to purchase styling chairs and TVs.


Jesse's story

Jesse owns and operates JaeUndreas, an Austin hair salon specializing in non-chemical treatments and styling. Hair styling is in his blood, Jesse said, as he comes from a family of hair stylists. Before birth, his aunt owned and operated a salon that has now been in business for about 50 years. "I've always wanted to work for myself and just kind of make my mom proud," he said. "That was my goal though I began as a cook."

Jesse sensed there was a lack of knowledge and a pool of stylists attempting non-chemical treatments, so he made it top priority to go to school and change his career. Non-chemical does not mean that he does not know how to dye hair or care for chemically treated hair. His business niche is to work with such natural hair styles as dread locks, which he has been doing for 30 years, braids, corn rows, teasing, and the like.

Jesse had done business in Louisiana since 1996 until Hurricane Katrina devastated the state in 2005 and prompted him to re-locate to Texas. So he's especially appreciative of the lending assistance he received from ACCION Texas Inc., as he found re-starting his business in a different state was a complicated endeavor.

He employs 11 hair stylists and plans to hire more within the next year. In order to do that though, he will need a larger building in Austin's downtown. This, he said, may necessitate another loan. For the time being, Jesse is using the money to replace two styling chairs, purchase two TVs (which his clients have requested), and use the rest for marketing. The loan from ACCION Texas allows him to respond to clients' requests and recommendations. "It's all about them," he said.

Check out his websites at: www.jaeundreas.net, www.jaeundreas.com or his Facebook page at http://www.facebook.com/#!/profile.PHP?id=100000778225617.



Loan details

Loan length:

38 months
Disbursed date: January 13, 2012

Lenders and lending teams



Loan details

Loan length:

38 months
Disbursed date: January 13, 2012