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Local Spa Closure Restructure: Case Study

The severity of the Covid-19 pandemic on local business has been the most detrimental to date. The amount of small business that were affected by the spread of the virus continues to grow leaps and bounds. These business owners have had their lively hood taken away from them. The affects of the pandemic have left store owners with no jobs and difficult decisions to face. This is no ordinary economic downturn but a sad reality for business owners. 

In the case of Kristen Bernoulli, a shop owner of a local spa in her native state of New Jersey faced firsthand the back lash of the lock downs and loss of profits. The lack of customers coming in gets worse day in and day out Bernoulli states. The journey to opening her own store front was the begging of a new life for her and her family. The store was a go to place within her town and many customers were locals. Once the pandemic started Bernoulli states “we were anxious to see how drastic it would become, None the less we were not prepared for the extent of what was to come.” Words of affirmation as the weeks continued the rise in deaths and cases rose to all-time highs.

The local spa in a small town had been forced to close permanently due to the continuous lock downs. Mrs. Bernoulli has told us that what she has to deal with now that her store has closed, it has left her with many worries and no sense of direction. The costs of paying the debt she is occurred has caused her to look for options that may help her. In her journey she contacted Omega Financial Services a privately held lender to help find any solutions for her.

“Omega worked directly with me and listened to my story and found measure to help ease the load of stress off me” stated Bernoulli. The financial team that worked with her concluded that at this time it is hard for many small businesses to cope with the lack of revenues being produced. That In many cases today Mrs. Bernoulli was one of many businesses that we have tried to work with. In order to give our best solutions, we have to monitor the situation as events happen. We do not want to offer a plan when every day there is a chance of that the situation changes.

The consultation with the shop owner Kristen Bernoulli gave her a sense of relief as she looks for a new direction. The Covid-19 pandemic has cause thousands of businesses to close down permanently. Over the shape of small business has drastically been hindered. A scorn mark left in 2020 has left a mark many business owners will not soon forget.

The small business landscape has been affected tremendously as we continue to move forward collectively, we strive to work and bring hope to all those affected. 

While the world recovers from the dent Covid-19 virus afflicted, Our communities stand together. As a private lender we work to find solutions to give you the upper hand. We view you for more than your business, We treat you like family, we guide you back to the top.

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The financial team reviewed the customers personal documentation and analyzed the offer of the client.
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Finding help should not be this hard If you are an owner of a business and would like to know what options are available to you; contact Omega Financial Services at (908) 933-0253

The lasting affects that the pandemic has left. Has created a sense of togetherness as we strive forward everyday. Our hope at Omega is to support local business, corporation's and individuals as best we can and offer our services.