Featuring Jose Hidalgo, Founder of Boom Hair Studio
Not only are we proud to offer our clients access to lower-interest capital, but we also introduce them to our partners and networks. For Jose Hildago, Founder of Boom Hair Studio in Sleepy Hollow, New York, meeting other small business owners across New York State has been invaluable.
“Not only did Community Capital New York provide me a lower-interest loan, but they also helped me expand my business network and gain public exposure among new communities because of our relationship,” says Jose. “I am very grateful for the publicity.”
Since 2014, Jose has successfully grown Boom Hair Studio to become a well-known barber shop and community space. With over 20 years of hair styling experience, Jose has built a trustworthy place to receive a haircut and a great place to work. In addition, he views his business as an opportunity to connect with his neighbors while they receive a haircut. We are grateful to have crossed paths with Jose. He took part in SCALE, our entrepreneurial training program. Boom Hair Studio also received a microloan, which he used to pay off high-interest debt and purchase supplies for the shop.
“The value of financial education, helping folks better understand the financial system, cannot be underestimated. But, unfortunately, many people are afraid about IRS tax implications because they don’t have the right information or don’t speak English as a first language,” explains Jose.
For Jose, CDFIs, Community Development Financial Institutions like us are crucial for folks starting businesses for the first time.
“We need community lenders like Community Capital New York to help people break through their entrepreneurial limitations and expand their capacity and networks,” says Jose.
Ready for a new hairstyle? Jose would love to meet you. Check out Boom Hair Studios here. Learn about our microloan products here.