Ballroom Studio of Westchester, Inc., like many businesses, faced financial difficulties in the aftermath of the COVID-19 pandemic. As the studio prepared to reopen, it required additional working capital to meet the renewed demand from returning clients.
Assistance Provided
Business Advisor:
Anthony Contero
Anthony Contero, an SBDC counselor, assisted the client by providing financial advice and guidance on securing a line of credit. Anthony recommended that the client explore options, including those presented by JP Morgan Chase, and provided support throughout the application process.
Ballroom Studio of Westchester
On June 4, 2024, Ballroom Studio of Westchester, Inc. successfully secured a $30,000 line of credit from JP Morgan Chase. This financial support enabled the studio to meet its working capital needs and reopen its doors to eager clients.
Conclusion:
With the secured line of credit, Ballroom Studio of Westchester, Inc. is now well-equipped to continue its operations and serve its community. This success story highlights the impact of targeted financial guidance and the importance of accessible credit for small businesses.
By leveraging expert advice and exploring available financial options, small businesses like Ballroom Studio of Westchester, Inc. can overcome challenges and thrive in a post-pandemic economy. The collaboration between the studio and SBDC counselor Anthony Contero showcases the value of supportive partnerships in achieving business success.
** Our success stories focus on the work the SBDC has done with our small business clients and does not constitute an expressed or implied endorsement by the NYSBDC of the company and/or their products and services.
“Anthony Cordero was very nice. Although the SBA didn’t have any programs to assist me, they did help with alternate financing options, which led to securing a credit line.”
Barbara Antes
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