SBA 7(a) Loans up to $500k Now Available

Business Insights

Meet Donna Krom – White Mink Hair Salon

4 Minutes to read
Donna Krom next to a quote about hoe 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 who took an early retirement from the corporate world to follow her lifelong dream of owning a hair salon.

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

Like many other states, Delaware issued a statewide shutdown due to the Covid-19 pandemic affecting thousands of businesses across Delaware, including the White Mink Hair Salon. Without customers, Donna needed to access capital to keep her salon afloat and she applied for ERC with a different organization, only to find a difficult and confusing application process where they were constantly asking for additional paperwork.  

Our ERC shutdown group reached out to Donna, conducted a small interview, and immediately got her set up with our NEWITY application. With clear guidelines, Donna was able to forward all the necessary paperwork to our ERC team, and 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 was able to pay the rent, utilities, and keep her business going. Our NEWITY team is delighted to have helped Donna continue the White Minke 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.

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