The North Dakota Opportunity Fund recently approved and funded a portion of the funding for The Skin Boutique and Hair Lounge, Mandan’s newest salon and spa.
The business is owned and operated by the mother-daughter partnership of Teresa Felch and Taya Felch, both of whom are Mandan residents.
The duo recently purchased the former United Printing building located at 1710 East Main, directly east from Culver’s.
“We saw the property every day when we drove back into Mandan from Bismarck. We knew it would be a perfect location for our business,” said Teresa Felch.
The Skin Boutique and Hair Lounge will employee 15 professionals and five independent hairstylists. The business will provide full spa and salon services, which will include: Hair, skincare, facials, eyelash extensions, a brow and make-up bar, infrared sauna, spray tans, and massage. Space in the front will be for boutique and retail items.
“We will offer everything one expects from a spa and salon and more, such as all things skincare. We also proudly use clean-based ingredients,” adds Taya Felch.
Blackridge Bank of Bismarck is the project’s lead lender. It was Blackridge Bank’s Kayla Krause who connected both Felchs to Lewis & Clark Development Group.
“I had heard of Lewis and Clark over the years. I knew they worked with small businesses but I had no idea of what they could do for us,” Teresa Felch notes. “Lewis and Clark Development Group made everything so easy. They were so very helpful. They worked so well with our banker, Kayla. We couldn’t be more pleased.”
“I’m glad there are programs out there for small businesses. I tell people if you have a business idea then you can go for your dream because there are programs out there to make it possible. Lewis and Clark helped us and they can help you too.”
About the North Dakota Opportunity Fund
The North Dakota Opportunity Fund leverages private financing to help small businesses and manufacturers attain the loans and investments needed to expand and create jobs. A consortium of 38 municipalities across North Dakota has received funding for operating this innovative loan participation program.
Contact LCD Group Commercial Lending Director Matt Burthold at (701) 667-7601 or at firstname.lastname@example.org for inquiries and assistance.