Nathan Parfait, owner of Martial Art Studio, came to the SBDC to seek assistance with his loan package. Nathan worked with the SBDC to do the financial projections and loan packaging that resulted in capital formation of $145,135 ($130,135 Loan and $15,000 Owner Investment). Since Martial Arts Studio has received funding, they have expanded their program to an After School and Summer Camp program, and increased their sales by $96,000. The business has also added a program for when kids are out of school (School Year camps). Overall Martial Arts Studio has impacted the local economy by adding 1 Full Time and 6 Part Time employees. During the summer Martial Arts Studio employed 20 Part Time employees for the summer camp.
This year they are opening their 2nd location in Thibodaux. The company is looking to hire another Full Time and 4 Part Time Employees. Parfait says, "When this location gets moving and we have a solid growth like the Houma location, we will open a third location in either Raceland or Morgan City."
Martial Art Studio
130 Alliance Court, Houma
www.martialartstudio.net
985-772-1861