Nailed It!


 

Nailed It! is a full service nail salon owned by Anne Schlegel. The company prides itself in staying at the forefront of the industry, focusing on new services as they trend. They currently offer a variety of unique manicures and pedicures as well as various custom skin care products.

The nail salon opened in West Racine in 2011 before relocating in 2014 to its current downtown location on Main Street. The business has outgrown its leased space and desires to offer more services and grow the business.  To do that, the owners sought a building that would allow for continued growth in downtown Racine. That opportunity arose across the street from their current location.  Anne and her husband John Sidoti purchased 333 Main Street and are now in the process of renovating it to house the salon.

The building they purchased was built in 1900 and is approximately 3,888 square feet. In this mixed use building, Nailed It plans to occupy the first floor. Renovations including plumbing, electrical, floor installation and an overall build out of the commercial space.

“After 4+ years of owning a business in downtown Racine, we decided it was time to purchase our own building and move Nailed It! there. I couldn't imagine what the process of buying a commercial property would be or the sheer amount of paperwork and information that a lender would want to make that next step in our dream come true. Devin Sutherland from the Downtown Racine Corporation pointed me to Johnson Bank and BLP. All it took was a phone call to Carolyn Engel, and I had a team of people ready to help me. Everyone was so very patient with me. Thomas Van Gent was especially patient, and amused, when I asked him what a balance was. Everyone took the time and effort to help an IT guy with no financial experience at all understand the whole process of buying a commercial property” says John Sidoti.

The business owners utilized the services of the Small Business Development Center at UW-Parkside, part of a statewide network supporting entrepreneurs and business owners through no-cost, professional, confidential consulting and targeted educational programs, and the City of Racine Revolving Loan Fund Program (RLF) which supplies small businesses and entrepreneurs with the gap financing needed to start or expanding their business.

“Johnson Bank was pleased to work with Business Lending Partners (BLP) to assist Anne Schegel and John Sidoti in realizing their dream of purchasing a new location to expand their business.” Notes Derek J. Petersen, Assistant Vice President, Commercial Banking at Johnson Finacial Group. “The staff at BLP is always very responsive, attentive to detail, and they are certainly a valued partner in the community for supporting local businesses to help them grow and thrive.” 

SBA 504

October 2017

20-Year Fixed Rate:

4.51%

10-Year Fixed Rate:

4.47%

Historical Rate Graph