Jolie Day Spa

COVID-19, Rural Businesses, Woman-owned business

Microlender:

Access to Capital for Entrepreneurs

Impact:

A loan to jumpstart business operations during COVID-19

Location:

Dahlonega, GA

Loan Amount:

$50,000

Jolie Day Spa and Salon is a full-service spa located in downtown Dahlonega, Georgia. This small business loan was to provide permanent working capital for Nicole Wimpy to restart business operations post Covid-19. Nicole was able to cut expenses, start a spa membership program and actually increase revenues over the previous year by the end of 2020.

Nicole Wimpy has been a client with ACE for over 5 years. She’s a member of the ACE Women’s High Performing Group and receives one-on-one business advisory services to strengthen her business and meet her growth goals. This loan was her fourth one from ACE for her various small businesses.

She has previously been awarded ACE’s Entrepreneur of the Year Award. She started her business with a $50,000 loan from ACE, which she since has paid back, and she used a Small Business Assistance (SBA) loan to expand her spa’s health, wellness, and beauty services and to purchase the Dahlonega Market Place Event Center to function as a venue for weddings, receptions, concerts, and other community events.