Monthly Archives: December 2023

Sacramento Barber Ronald Burt Brought His Vision to Life with Funding and Business Assistance from California Capital

For Ronald Burt, owner of The Lux Barber Lounge, styling services are not just another fact of life–they’re an opportunity to feel your best. At his Midtown, Sacramento location, Ron provides his clients with barber and styling services designed to make them feel pampered and refreshed. Before launching The Lux Barber Lounge, Burt worked with Women’s Business Center business counselor, Prashante Bailey-Lewis. After meeting at a networking event through the WBC’s Motivated Entrepreneurs program, Bailey-Lewis helped Burt fine-tune his business plan and create financial projections to apply for funding through the California Capital Lending Center.  

After completing barber school in New York, Burt returned to his home state of California ready to expand his operation. “I’m passionate about looking fresh and making people feel good, so it just made sense to make it a career,” Burt says, reflecting on being inspired by his cousins in the industry. After completing school, Burt rented stations at various shops, but after relocating to Sacramento in 2021 to be closer to family, he knew that the growing Midtown grid held promise for living out his dream.  

THE SEARCH FOR SUPPORT

To bring his vision of a high-end barber shop in a prime location to life, Burt knew that he would need to get a business loan. When he heard about the WBC’s Motivated Entrepreneurs meet-up that focused on how to access business funding, he almost did not attend–he had gone to similar events and had never been connected with the right resources.  

But through Motivated Entrepreneurs, Burt learned about the holistic approach of California Capital’s no-cost services–which can take entrepreneurs from addressing business obstacles with a counselor to applying for funding from the in-house Lending Center–and he decided to begin working with WBC business counselor, Prashante Bailey-Lewis to prepare his loan application. 

A YEAR OF ACCOMPLISHMENTS

“Prashante told me she had experience in the beauty industry, so it was kind of a perfect match in terms of mentoring and counseling,” explains Burt. “I had a business plan, but she helped me tweak it, make it better, and also write financial projections.”

 With this guidance, Burt put together a comprehensive loan application and was approved for funding in late 2023. Burt used the funding to secure a lease in the heart of Midtown, Sacramento and purchase state of the art equipment to complete the build-out. Burt celebrated the grand opening of The Lux Barber Lounge in November of 2023, and was also named a finalist of the Motivated Entrepreneurs Small Business Showcase pitch competition. By connecting to resources and a team of experts that believe in his vision, Ron Burt is raising the bar styling services available in Sacramento.  

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Sacramento Valley SBDC Partners with Yuba County to Launch Business Start-Up Program

Marysville, CA | Small businesses now have the opportunity to take part in free entrepreneurial education – and a chance at $10,000 – through a new startup program from Yuba County and SBDC. This week, Yuba County opened applications for Yes to Start Ups, a business incubator program established in partnership with Sacramento Valley Small Business Development Center (SBDC). The program is a free, online training series that offers fundamental business education, resources, and technical assistance to entrepreneurs starting or growing new businesses in Yuba County. The series will culminate in a pitch competition where participants will receive start-up funding grants of up to $10,000. Applications are available on sacramentovalleysbdc.org/yestostartups and are accepted until January 14. To participate in the program, legal business entities must be registered or plan to register in Yuba County. The 6-week series will take place virtually on Tuesdays, Jan 30 through March 5, 2024.

“Yuba County is a great place to start a business,” says Rachel Downs, Business Engagement Manager with Yes to Yuba. “We have strong communities that love to shop small and support the local economy, and we’re proud to create new opportunities for the area’s entrepreneurs to thrive.”

The series will be taught by a business advisor from Sacramento Valley SBDC, a business development nonprofit that serves Yuba County businesses with no-cost advising and education. The six-week training will focus on writing a business plan—including financial projections, market research, and pitching to funders—and will prepare participants for the pitch competition.

“This program provides an innovative way for entrepreneurs to grow their business and help them to develop a winning pitch to access funding.,” explains SiewYee Lee-Alix, Director of Sacramento Valley SBDC. “We are looking forward to watch business owners pursue their dreams and to continue supporting them.”

Through the capstone pitch competition, the entrepreneurs who complete the educational portion of the program will have the opportunity to receive start-up funding. This increase in access to funding is another significant step towards elevating Yuba County as a location where businesses can start, grow, and thrive.

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