Business Insights

Meet Donna Krom – White Mink Hair Salon

Donna Krom next to a quote about how NEWITY helped her file for ERC.
"The advice I have for small businesses is hang in there, have faith, and call NEWITY.”
Donna Krom
White Mink Hair Salon

The White Mink Hair Salon, located in Newark, Delaware, was founded by Donna Krom. She took an early retirement from the corporate world to follow her lifelong dream of owning a hair salon.

Donna’s hair salon took off successfully, drawing in customers and creating profits from the opening day. She felt thrilled to pursue a career she was passionate about.

However, Delaware issued a statewide shutdown due to the Covid-19 pandemic, affecting thousands of businesses, including White Mink Hair Salon. Without customers, Donna needed capital to keep her salon afloat. She applied for ERC with a different organization but found the process difficult and confusing.

Our ERC shutdown group reached out to Donna, conducted a small interview, and set her up with our NEWITY application. With clear guidelines, Donna forwarded all the necessary paperwork to our ERC team. We helped her receive an additional $7,000.

With access to NEWITY’s website and email newsletters to update our members, Donna felt that with NEWITY she was always in the loop.  

With the additional capital, Donna paid the rent, covered utilities, and kept her business going. Our NEWITY team is delighted to have helped Donna continue White Mink Hair Salon, her lifelong dream.

We are no longer accepting ERC applications. We would be happy to help you access affordable funding through an SBA 7(a) loan.

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To qualify for an SBA 7(a) small business loan, your business must be:

  1. U.S.-based and operated
  2. Owner supported / owner funded
  3. Eligible per the SBA’s requirements

Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business