The Cutting Edge Hair and Tanning Salon LLC | Application Preview
The Cutting Edge Hair and Tanning Salon LLC is applying for government grants to support its operations and growth. The requested funding will be allocated as follows: $80,000 to pay off existing loans, $30,000 for 4-6 months of inventory, $10,000 for equipment replacement, and $18,000 for six months of rent, with any remaining funds designated for working capital.
The salon, which has been operating for four years, aims to expand its services and hire additional hairdressers. Operating in a rural area with limited training opportunities, the salon owner expresses a strong desire to mentor aspiring entrepreneurs and support the local community.
The motivation behind opening the salon was not just to provide beauty services, but to create a welcoming environment where clients can relax and feel their best. The owner is passionate about fostering a sense of joy and self-acceptance in clients, believing that true beauty comes from within.
As the largest salon in town with eight chairs, The Cutting Edge distinguishes itself from smaller competitors. The salon's competitive edge lies in the relationships built with clients, emphasizing an experience that promotes peace and relaxation, rather than just a transactional service. Overall, the owner’s commitment to community and client satisfaction supports the case for funding approval.
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General Information
Business Registration Number: 117640868
Location: Mars Hill, ME, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: $100k to $250k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
I would pay off existing loans equaling $80,000, stock up on inventory for 4-6 months of $30,000, some salon equipment replacement, $10,000. I’ve been open 4 years so things are starting to need to be replaced or upgraded. Pay rent for 6 months of $18,000 and then use the rest for working capitol.
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Business Plan
I have a couple chairs left to hire more hairdressers and want to expand in the services I offer. I live in a very rural area with no education opportunities so anyone interested in this area are limited and have to travel to receive training and then most do not come back. I would love to be able to help and assist in this area and then be able to be a mentor to a new excited entrepreneur to keep this industry going strong. My vision when I opened my salon wasn’t only to be able to provide a haircut and paint some nails. I wanted to create a safe place for people to come and to relax and be themselves and assist them at feeling the best they possibly can when they walk out the doors. I am very passionate about sharing with people that we are all beautifully and wonderfully made. There’s nothing better than seeing a smile on someone’s face and the joy they experience when they feel their best!
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Self Identified Competition
I am honestly the largest salon in my town consisting of 8 chairs. Most of the smaller salons in town are 3-6 chairs. I walk by faith in this journey called life and I do my absolute best in creating an atmosphere for every person that walks through my doors to want to keep coming back because they feel and experience something they can’t explain. Peace, love and relaxation. It’s about a relationship not just a service.
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Contact Applicant
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