Charles was fantastic to work with. The SBA has a lot of requirements, but Charles was able to guide us through the entire process. He met with us multiple times, explained everything fully, and was meticulous throughout the whole process to ensure we were getting what we needed out of the deal. We found the SBA process to be very straightforward due to Dogwood’s Preferred Lender status. Everyone from Dogwood has been fantastic, and we would absolutely recommend them to other business owners.
Haven Beauty is a full-service hair salon and spa located in Virginia Beach, Virginia, offering a full range of hair treatments, including haircuts, color, and extensions, as well as luxury spa services like facials, massages, waxing, and Botox®. At Haven Beauty, clients can expect a luxury experience in a welcoming, homey atmosphere, with quality services from a full team of experienced stylists, cosmetologists, and estheticians. Upon entering Haven Beauty, clients will be offered refreshments like wine, champagne and espresso, with a fireplace and comfortable seating to relax. The unique, two-story building provides ample space for the variety of services offered.
Kendyl Teague has worked in the salon industry for over ten years, completing training all over the United States. Having worked in a variety of salon environments, from small salons to large, high-end salons, Kendyl saw a gap in the industry and was well-positioned to fill it. Together, Kendyl and her husband, David, newly out of the military, determined the time was right to pursue the business. Initially, the pair planned to lease a space for the salon, but after looking at the market and discovering the benefits of the SBA Program, they shifted gears and began looking to purchase real estate. Business Lending Specialist, Charles Evans, a longtime family friend of the Teague’s, helped them navigate the loan process from start to finish. The SBA 7(a) Loan provided 90% financing over a 25-year term, with the flexibility to combine multiple uses of proceeds, including the real estate purchase, renovations, equipment, and working capital under one consistent loan term and rate. The SBA Loan helped open new doors for Kendyl, allowing her to own her own business and continue to expand upon her existing brand.
The SBA Program offers flexible financing solution for small businesses in a variety of industries. For more information on our SBA Loan Programs, visit our website. Charles Evans and the rest of our experienced SBA team are here to help!