Andrea Lord Studio
Andrea Lord is an accomplished and innovative men’s groomer, stylist, and designer based in New York City. Her career has spanned the nation as she has worked in styling looks for major retailers such as Barney’s and Saks Fifth Avenue, as well as focused on her passion for men’s grooming, even working with celebrities like J. Balvin for online publication Numéro.
However, one thing that Andrea always longed for was to open her own studio, combining a barbershop and retail space.
Andrea turned to the Pace Small Business Development Center (SBDC) for help with financing the studio venture and met with business advisor Gregory Callender. Gregory provided Andrea with an outline of the necessary components of a business plan and an overview of small business financing options, including the 7(a) Loan Program through the US Small Business Administration (SBA).
The two remained in close contact at the start of 2021 and reviewed drafts of financial documents to qualify for a loan. Gregory also introduced Andrea to Jason Kohl, a representative at Accompany Capital, who ultimately approved a $50,000 loan for the studio space in SOHO, with the first 3 loan repayments funded through the SBA Debt Relief Program. Combined with Andrea’s own investment, this financing helped in creating jobs for four people and opening her dream space in New York in November 2021, as the
Have a dream startup idea like Andrea? Contact the Pace SBDC for business advisement on how to make your dream a reality. All of our services are offered on a one-to-one, no-cost basis. Speak to a business advisor today!