Regina Grogan, owner of The Parlor Grooming Lounge
Entrepreneur Regina Grogan describes herself as a master groomer and image consultant. After working at an upscale barbershop for 4 years, she felt it was time to go into business for herself. Regina came up with the concept of The Parlor within the last year and was looking for roughly $60,000 to get her business off the ground.

Regina was connected with a consultant at the Hollywood BusinessSource Center by the Mayor’s Office of Economic Development. Together they began working on financial projections for Regina’s first year in business. This was followed by the assembling of a loan package that was directed at lenders interested in helping a minority-woman business owner that is active in the LGBT community.

On December 6, 2016, Regina was approved for an $80,000 line of credit ($20,000 more than she had initially asked for) to launch her business. That same week, Regina closed on a lease at 7374 ½ Melrose Ave in Los Angeles and used her new line of credit for the deposit.

The Parlor Room, LLC will have its grand opening on January 14, 2017 and will create 4 new jobs within the first six months.

This story is part of the EWDD UPDATES Newsletter from the week of 1/9/2017. Read this issue and more.