Expired

Total loan: $8,000
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Mohammad

United States
Maryland, United States / Cosmetics Sales

A loan of $8,000 helped to pay the security deposit and two months' rent for a store front in Langley Park, Maryland where his business will be located.


Mohammad's story

Mohammad is the sole owner of Best Shears Inc., a barber shop and beauty salon supplier of shears, scissors, dryers and other small appliances for the hair salon industry. Mohammad is originally from Pakistan where he and his son-in-law have a small factory that produces shears and scissors.

In 2005 he incorporated Best Shears Inc. and started distributing shears and scissors to barber shops. Originally the business intended to exclusively distribute shears and scissors made in their Pakistani factory, however, the company has expanded beyond their own factory to include products made in other factories.

In 2010, the business generated $100,000 in sales. For the past two years, Mohammad has been analyzing the possibility of opening a store front. Under his current model, Mohammad’s business is home-based. Having a store front will allow Mohammad to offer a greater selection to his clients as well as be able to sharpen blades on-site, which is a service he would like to provide in the future.



Loan details

Loan length:

33 months
Disbursed date: May 7, 2013
Facilitated by Field Partner: Latino Economic Development Center
Expired: June 19, 2013

Lenders and lending teams



Loan details

Loan length:

33 months
Disbursed date: May 7, 2013
Facilitated by Field Partner: Latino Economic Development Center
Expired: June 19, 2013