South Easton 2005
Established in 1987, the hair salon Makeovers first occupied 1,700 square feet in Milton. By 1996 they had expanded into 4,000 square feet in a strip mall in South Easton and added services including more styling stations, a spa area and a manicure area. Over the next several years, Makeovers continued to expand salon operations, increasing the number of employees from the original 5 to 45. To accommodate future growth, Makeovers has agreed to move the salon into a 9,000 square foot unit in the strip mall.
PCI and a local bank (on a 50-50 basis) will provide a $500,000 term loan to finance the leasehold improvements, furniture, fixtures and equipment for the new space. This financing will support the salon expansion and creation of about 36 new jobs over the next 3 years.
PCI Loan Amount: $250,000
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