Beauty Industry Update Regarding PPP Loans

IMAGE Studios Beauty Industry Updates

There’s a lot of news out there right now, and it can be overwhelming during these uncertain times. IMAGE Studios is sorting through the noise to help you understand what it means for you & your business.

More PPP funding expected: Apply to be first in line

The government is expected to pass a new stimulus package this week which includes an additional $310 billion for the Paycheck Protection Program (PPP), providing more sole proprietors, independent contractors, self-employed, and small businesses with the opportunity to receive the forgivable loan. With a high demand for PPP funds, it is likely that the additional funds will be distributed quickly. Many applications are already lined up to receive the next round of funding, so it is recommended that you apply as soon as possible to get your application in line. It’s highly recommended that you apply through your bank, as people with accounts get preferential treatment during this process.

What is the PPP?

PPP loans are part of the COVID-19 government stimulus program (CARES Act) and are made to help sole proprietors, independent contractors, self-employed, and small businesses cover payroll and other business expenses like rent and utilities. The original funds were quickly exhausted, and more are expected to be distributed soon. This includes payroll for yourself, even if you have 0 employees. When used for qualifying expenses, you may be eligible for a 100% forgiveness grant, meaning you wouldn’t need to pay it back if you meet their criteria (find more info here).

Am I eligible for the PPP if I don’t have any employees?

Yes, you can still apply for the PPP. Even if you’re a sole proprietor, independent contractor, or self-employed, and have no employees, you can apply. Your own net earnings count as qualifying payroll costs, which you can find on your 2019 Form 1040-C.

How do I prove my payroll costs?

Depending on your type of business, you can use your 2019 Form 940/941, 1040-C, K-1, tax returns or W-2 statements (if you issue them).

What To Do Now

Step 1: Gather Your Info

Here’s our complete list of business info you’ll need when it’s time to file the PPP application. When you access the application below, you’ll be walked through how to submit it.

  • Payroll records: you will need payroll tax forms (i.e. Forms 940 and/or 941) from January 1, 2019, to the most current filing. Note: You will need to be able to identify any employees paid over $100K. Sole proprietor or independent contractor? Get your 2019 1040 Schedule C too.
  • Tax returns: for the last two years. If you haven’t been in business that long, all tax returns you have.
  • 1099-Misc (if applicable): If you have filed form 1099-Misc and are counting contractor compensation as part of your average payroll, you will need to provide this form.
  • Copies of driver licenses: for business owners with ownership stakes of 20% or more
  • Voided check: from the account where the loan will be deposited.
  • 6months of bank statements: from your business accounts for the most recent six months of business.
  • PPP Worksheet: Download and fill out the PPP worksheet here. Watch this video for a step-by-step on how to fill it out.

Step 2: File Now

Apply now directly with your bank. Don’t delay. Even though funds have run out for PPP, it’s expected more money will continue to open up so it’s important to get your application in now to secure your position in the queue. If you do not have a banking relationship that you prefer to use, we recommend Cross River Bank.

Our partner, GlossGenius, is working with SBA approved Cross River Bank and they are continuing to accept applications ahead of the anticipated funding (even if you’ve never banked with them before). While they can’t commit to providing loans until the government approves the additional funding, it’s best to apply now so you’re first in line. Watch this video if you want help walking through the application and this video that will show you how to fill out the spreadsheet that is part of the application.

Please note: As of April 20, Cross River is still reviewing and accepting PPP applications, however, the funds allocated by the government for the PPP have run out. If additional funding is authorized, it may be helpful to apply now and get in line.

APPLY NOW

Step 3: Help Others 

There’s a lot going on, but thankfully there’s a lot of help. If you know other business owners struggling, please send this page to anyone you think should be applying for PPP.

Welcome Lizzie Webb

Welcome to IMAGE, Lizzie! We’re excited to announce a new leader addition to our support team – Lizzie Webb, Marketing Manager at IMAGE Studios 360®. Lizzie leads our marketing and design team, managing company campaigns, advertising, press releases, email marketing, and event logistics.

Lizzie has 10+ years experience in marketing and communications working in the political world in the UK. She has worked with several Prime Ministers to build successful campaigns, combining traditional and cutting edge marketing techniques. At the forefront of winning elections, Lizzie has impressive drive and naturally connects with people. Lizzie brings IMAGE Studios 360® successful marketing strategies and data analytics, along with a versatile writing style from her expertise in traditional, print, and digital media.

Image Studios 360 prepares for Annual Retreat

Across the country, our IMAGE Owners are preparing to travel to Salt Lake City for our annual Retreat and Symposium to receive in-depth training and education to empower them as owners and operators across the country. Over the packed weekend, franchisees will join our corporate team to explore our vision for 2020 while enjoying all that Salt Lake City has to offer – fantastic food, delicious drinks, and world class skiing.

“2019 was just a great year for the brand, expanding us into many new states and markets nationwide,” said founder and CEO, Jason Olsen. “We have also expanded our corporate team and are prepared for all our new franchisees we’re onboarding in 2020.”

This will be the largest retreat IMAGE Studios has held, looking to educate and support IMAGE Owners, whilst providing workshops on marketing techniques and business strategies.

Vice President, Shaun Olsen added, “We’re excited to bring our IMAGE Owners together and celebrate the great accomplishments of 2019 and our vision for 2020!”

Grand Opening: Image Studios 360 Royal Palm Beach

On May 19th, 2018 we hosted our Image Studios 360 Royal Palm Beach Salon Suites Grand Opening. The day was filled with amazing energy and support from our tenants, their family, and clientele. Our Royal Palm Beach Franchisee, Lenka Ginsburg, put together a fabulous event and celebration for the grand opening. Lenka raffled off salon services donated from the tenants.

Our beautiful salon studios are located in a central area of Royal Palm Beach that is ideal for both beauty professionals and their clientele. Nestled in Southern Palm Crossing shopping center, Royal Palm Beach is a great one stop shop for all your shopping and beauty needs.

For more information on how to lease a studio at Image Studio 360 Royal Palm Beach please contact Lenka Ginsburg at (754) 246-8886 and lenka.ginsburg@imagestudios360.com.

We also want to congratulate Lenka on being the fastest growing salon in 2018. We were so honored to have the Royal Palm Beach Mayor present at our Ribbon cutting ceremony as well.

Thank you to following vendors for supporting our grand opening:

-Sunny 107.9 Radio Station

-Musician John Tutino

-Royal Palm Beach Mayor Fred Pinto

-Balloon Artists

-And all of our AMAZING Royal Palm Beach Tenants!

Matthew Landis interview with Utah franchisee April Benincosa

Meet Mathew Landis – salon owner, entrepreneur, coach, interview by April Benincosa, Utah franchisee for Image Studios 360. April has four locations under her management in Utah, serving over 130 salon professionals. Image Studios 360 provides modern, luxurious salon studios at affordable rates. We believe in our core values of CREATIVITY FREEDOM & SUCCESS and our goal is to elevate the beauty industry to new heights with our education, support, and platform that enables people to easily open their own salon without the risk or investment it takes to open a traditional salon. We’re a beauty incubator that helps people reach new heights through salon ownership. Find out more at www.imagestudios360.com.ccess.

 

 

 

Grand Opening: Image Studios 360 Royal Palm Beach

On May 19th, 2018 we hosted our Image Studios 360 Royal Palm Beach Salon Suites Grand Opening. The day was filled with amazing energy and support from our tenants, their family, and clientele. Our Royal Palm Beach Franchisee, Lenka Ginsburg, put together a fabulous event and celebration for the grand opening. Lenka raffled off salon services donated from the tenants.

Our beautiful salon studios are located in a central area of Royal Palm Beach that is ideal for both beauty professionals and their clientele. Nestled in Southern Palm Crossing shopping center, Royal Palm Beach is a great one stop shop for all your shopping and beauty needs.

For more information on how to lease a studio at Image Studio 360 Royal Palm Beach please contact Lenka Ginsburg at (754) 246-8886 and lenka.ginsburg@imagestudios360.com.

We also want to congratulate Lenka on being the fastest growing salon in 2018. We were so honored to have the Royal Palm Beach Mayor present at our Ribbon cutting ceremony as well.

Thank you to following vendors for supporting our grand opening:

-Sunny 107.9 Radio Station

-Musician John Tutino

-Royal Palm Beach Mayor Fred Pinto

-Balloon Artists

-And all of our AMAZING Royal Palm Beach Tenants!

Grand Opening: Image Studios 360 Royal Palm Beach

On May 19th, 2018 we hosted our Image Studios 360 Royal Palm Beach Salon Suites Grand Opening. The day was filled with amazing energy and support from our tenants, their family, and clientele. Our Royal Palm Beach Franchisee, Lenka Ginsburg, put together a fabulous event and celebration for the grand opening. Lenka raffled off salon services donated from the tenants.

Our beautiful salon studios are located in a central area of Royal Palm Beach that is ideal for both beauty professionals and their clientele. Nestled in Southern Palm Crossing shopping center, Royal Palm Beach is a great one stop shop for all your shopping and beauty needs.

For more information on how to lease a studio at Image Studio 360 Royal Palm Beach please contact Lenka Ginsburg at (754) 246-8886 and lenka.ginsburg@imagestudios360.com.

 

We also want to congratulate Lenka on being the fastest growing salon in 2018. We were so honored to have the Royal Palm Beach Mayor present at our Ribbon cutting ceremony as well.

Thank you to following vendors for supporting our grand opening:

Sunny 107.9 Radio Station

Musician John Tutino

Royal Palm Beach Mayor Fred Pinto

Balloon Artists

& All of our AMAZING Royal Palm Beach Tenants!

 

Photos provided by: Vasi Studio

New Location Opening: Image Studios 360 Royal Palm Beach

We are so excited to announce our seventh Image Studios 360 Franchise location in Royal Palm Beach, Florida. Lenka Ginsburg opened our first Florida location in late November of 2017. Royal Palm Beach is home to 24 luxurious salon suites that are perfect for all types of beauty professionals including, hair stylists, nail technicians, barbers, lash artists, and estheticians.

 

 

Each salon studio features modern cabinetry, stunning wood floors, luxurious glass doors, shampoo backwash units, high end styling chairs, large mirrors, and exquisite lighting. This location also features a tenant break room, client restrooms, coin operated laundry, 24/7 security, ambient salon music, and custom scent machine. Both beauty professionals and their clientele will enjoy the luxurious floor to ceiling glass wall and mirrors in the foyer of the location.

Our beautiful salon studios are located in a central area of Royal Palm Beach that is ideal for both beauty professionals and their clientele. Nestled in Southern Palm Crossing shopping center, Royal Palm Beach is a great one stop shop for all your shopping and beauty needs.

For more information on how to lease a studio at Image Studio 360 Royal Palm Beach please contact Lenka Ginsburg at (754) 246-8886 and lenka.ginsburg@imagestudios360.com.

New Location Opening: Image Studios 360 Holladay

 

 

We are so excited to announce our sixth Image Studios 360 Franchise location in Holladay, Utah. Our Utah local franchisee, Jodie Smith Jorgensen opened this beautiful, modern, and spacious studio salon in late November of 2017.  Holladay  is home to 26 luxurious salon studios that are perfect for all type of beauty professionals including hair stylists, nail technicians, barbers, massage therapists, and estheticians.

Each salon studio features modern cabinetry, luxurious glass doors, shampoo backwash units, high end styling chairs, large mirrors, and exquisite lighting.

Holladay is also home to a limited number of quiet studios. Quiet studios are made for the beauty professionals that might need a bit more privacy than the average studio. They come equipped with large mirrors, modern pedestal sinks, and large cabinets. The Holladay location also features beautiful brick accent walls, stunning concrete floors, immaculate chandeliers, and copious amounts of natural light. Beauty Professionals also have access to the following features: client restrooms, coin operated laundry, 24/7 security, and ambient salon music.

We love this location because of the central location in the Salt Lake Valley as well as the breath taking views of the Wasatch Mountain Range. The Holladay location neighbors the new Harmons Grocer, Taqueria 27, Copper Kitchen, and 3 Cups Coffee.

Located 10 minutes from I-215, Holladay is easy accessible and equipped with ample parking for beauty professionals and their clientele

For more information on how to lease a studio at Image Studio 360 Holladay please contact Jodie Smith Jorgensen at (801) 668-3819 and jodie.smith@imagestudios360.com.

Image Studios 360 welcomes new Utah franchisee

Image Studios 360 is proud to announce the opening of its seventh Utah salon in Holladay, Utah. This salon opened in December 2017 and is located 20 minutes east of the Salt Lake City International Airport off of Holladay Boulevard. This new franchise location is home to 26 salon studios that are custom built for hair stylists, nail techs, estheticians, lash technicians, massage therapists, and makeup artists.

Our franchisee Jodie Jorgensen is available to assist with leasing inquiries and can be reached (801) 896-7172. Click here for more photos and information about this location.

Image Studios 360
2233 East Murray Blvd
Holladay, UT 84117

 

 

Image Studios 360 welcomes new Florida franchisee

Image Studios 360 Founder Jason Olsen with Lenka Ginsburg

Image Studios 360 is proud to announce the opening of its first Florida salon in Royal Palm Beach, Florida. This salon opened in November 2017 and is located in the Southern Palm Crossing retail center which is 55 minutes north of Fort Lauderdale and just a few minutes from Mara Lago resort in Palm Beach, Florida. This new franchise location is home to 24 salon studios that are custom built for hair stylists, nail techs, estheticians, lash technicians, massage therapists, and makeup artists.

Our franchisee Lenka Ginsburg is available to assist with leasing inquiries and can be reached (561) 515-4364. Click here for more photos and information about this location.

Image Studios 360
11041 Southern Blvd
Royal Palm Beach, FL 33411

 

 

 

Image Studios 360 – Day of Caring & Kindness April 26, 2016

Image Studios 360 Owner April Benincosa and Becky Pratt, Robert Moody, and Jessie Matchjace believe in community and paying it forward. It can be so easy to just donate money and be disconnected to the issues, but when you give of your time and talents, you can remember that real beauty is within.
Image Studios 360 is kicking off quarterly events to help their community with a cut-a-thon at the Road Home today, April 26 from 10am-3pm. You can stop by the Road Home and donate clothing, beauty products or feminine hygiene products.
Their next project is for an inner city school where they will go give little ones a hair cut and style for picture day. If you want to donate or come join, follow them on Facebook or Instagram for updates.

CityWeekly Article on Image Studios 360 “Make it Work”

View the CityWeekly article highlighting the advantages of working with Image Studios 360.

Click here to view the article -> Make it Work

Image Studios 360 featured on Modern Living with Kathy Ireland®

Image Studios 360 discusses their Salon Suites for Beauty Professionals on Modern Living with Kathy Ireland

Tune into E! Entertainment Network as sponsored programming on Thursday, October 29, 2015 and Bloomberg International as sponsored programming on Saturday, October 31, 2015. See market by market listings below

Los Angeles, October 27, 2015 — Image Studios 360, a company that has created a turnkey platform that enables established salon professionals to take a big step in their career and own a salon, is a featured on Modern Living with kathy ireland.

During the segment, kathy ireland interviewed President Jason Olsen and Vice President Shaun Olsen.

Jason Olsen commented on some of the common challenges independent salon owners face by stating, “As an independent salon owner, they go to school for several years to perfect their skills as a professional in the beauty industry. They learn a multitude of topics to make them the best at the latest trends, styles, and techniques to be the best they can. But after that, they don’t get a lot of business support and training that really helps them thrive when they are on their own.”

Shaun Olsen commented on how Image Studios 360 is helping them to overcome these challenges by stating, “We spent a lot of time creating systems and training programs so they can benefit from the atmosphere that we have. We provide them with a lot of tools that they need to be successful: continuing educations, tools to manage clientele, and tools to manage expenses.”

The Vice President of Programming, JL Haber was quoted stating, “Companies like this are really there to help further the small business owner and help people reach their potential and Image Studios 360 is completely focused on that.”

Tune in to see Image Studios 360 on E! Entertainment Network as sponsored programming on October 29, 2015 at 6:30am ET/PT and on Bloomberg International as sponsored programming on October 31, 2015 at 8:30am CET and 10:00am CDT.

 

About Modern Living with kathy ireland

Modern Living with kathy ireland is a weekly business television program featuring real-world insights from corporate executives from all over the globe.

Modern Living with kathy ireland airs Thursday mornings throughout North America on E! Entertainment Network as part of their sponsored programming lineup and to over 50 countries throughout the world on Sundays on Bloomberg International as part of their sponsored programming lineup.

Press Contact:

Gila Stern

Communications Director

MMP (USA), Inc.

gstern@mmpusa.com

561-988-9455 ext. 269

Salt Lake Tribune article on Image Studios 360

Jason and Shaun Olsen founded their business, Image Studios 360, with one overriding concept in mind. Most hair stylists and other beauty professionals are great and creative artists, but few have the needed business knowledge to be as successful as they can be in their work.

To view the original article click here.

[iframe height=”2000″ width=”100%” src=”http://archive.sltrib.com/article.php?id=23574283&itype=storyID”]

 

IMAGE STUDIOS® & IMAGE STUDIOS 360® are registered trademarks of IS360 TM, LLC.

CONTACT US: (888) 785-7858. IMAGE Studios Franchise. 1370 South 2100 East, Salt Lake CIty, Utah 84108.

DISCLAIMER: This website and the franchise development information provided thereon do not constitute an offer to sell or grant a franchise. An offer can and will only be made in applicable states with authorized documentation. the Image Studios® concept has not been registered for sale in the following states, and no franchises will be awarded in these states until the registration process has been completed — HI, ND, SD, HI, WI. THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF BUSINESS OVERSIGHT NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING. THIS ADVERTISEMENT IS NOT AN OFFERING. AN OFFERING CAN ONLY BE MADE BY A FRANCHISE DISCLOSURE DOCUMENT FILES WITH THE DEPARTMENT OF LAW OF THE STATE OF NEW YORK. SUCH FILING DOES NOT CONSTITUTE APPROVAL BY THE DEPARTMENT OF THE LAW OF THE STATE OF NEW YORK.

MINNESOTA REGISTRATION NUMBER: F-8253

© IMAGE Studios® & IMAGE Studios 360®. All rights reserved.
Privacy Policy