I spoke with multiple lenders, but chose to work with Bill King due to his openness and candor – what he said and more importantly, what he didn’t leave out. He was straight to the point about what it would take to get the loan closed. Throughout the process, he was communicative, flexible, and easy to reach. I would definitely recommend him to other small business owners.
Client Profile
Modern Nail Bar, a minority woman-owned and operated nail spa located in the Dallas-Fort Worth area, offers a variety of services to the local community, including waxing, lashes, manicures, and pedicures. They boast an extensive spa menu, using natural products, waxes that are safe for all skin types, and fruit-infused pedicure options, such as guava, coconut and lavender. Clients can come to Modern Nail Bar to truly relax, with TVs throughout the spa, a variety of complimentary drinks, and a full coffee bar coming soon. Their experienced staff of 15-20 nail technicians and 18 manicure and pedicure stations allow them to seat clients quickly while still providing a personalized, unhurried experience. In addition, their advanced point-of-sale system makes the appointment process seamless, from scheduling to appointment reminders, and allows clients to know the full cost of services upfront. Conveniently located in North Fort Worth and Keller, Modern Nail Bar is open seven days a week.
Loan Profile
Business owner Tokeisha Sanders brings over 30 years of experience in IT to this business endeavor, and was first attracted to Modern Nail Bar because of its technology upgrades and unique point-of-sale system they had already invested in. This technology allows the salon to utilize AI and run reports to better serve their customers and optimize operations around the seasonality of their services. On a recommendation from her business broker to pursue an SBA loan, Tokeisha was referred to several lenders, but ultimately decided to move forward with Business Lending Specialist Bill King. The SBA financing provided immediate working capital and financial stability during the ownership transition, allowing Tokeisha to start off strong. With funds available within the first 30 days, she was able to purchase supplies, make key upgrades, and ensure operations continued smoothly. Additionally, the loan structure provides consistent, predictable monthly payments. Backed by the government, the financing offers long-term stability compared to private investment, allowing Tokeisha to focus on growing her business.
For more information on the SBA Program and to get to know Business Lending Specialist, Bill King, explore our website!
