When COVID-19 hit, Deise Talakudian and her husband, Sanio Gómez Ferreira, closed their business for three months and temporarily moved their Pilates exercise business to an outdoor parking lot. did.
Now, with the help of a Small Business Administration loan, Tustin’s Whole Body Pilates and Movement Therapy is back to full strength.
The couple acquired the studio with an SBA loan tied to Prime (known as a 7A). My monthly payments started to increase significantly, putting a strain on my monthly cash flow. They were able to refinance into a fixed rate loan program known as a 504.
Following the outbreak of COVID-19, the company obtained a $100,000 Economic Injury Disaster Loan (EIDL) designed to help it continue operating during the pandemic. The EIDL loan was facilitated by the SBA and the 504 was facilitated by Jennifer Davis of TMC Financing in Irvine.
They used EIDL funds for payroll and equipment and initially paid no interest due to the structure of the program.
“I didn’t have to pay anything for the first year,” she said of the EIDL emergency loan.
Tarakdian said the project also received support from the city of Tustin.
early payment
Now, the business is back to growth and Deis and Sanio are paying off their EIDL loans early.
“We’re actually paying extra,” she told the Business Journal on April 19. That means you’re paying $988 per month instead of $488 per month.
“I want to pay it back quickly.”
The company has seven employees and is now profitable, she said.
The first few months of the pandemic were tough.
Tarakdian said he lost half of his 100 customers during the pandemic, but is now back to 160.
Brazil start
Born and raised in Brazil, Talakudian studied ballet for 10 years at Bela Bublitz Dance Company and School, and has appeared in numerous presentations as a lead character, soloist, and member of a ballet company.
Moved to the United States in 1999 and performed with various dance companies.
Ferreira was also born and raised in Brazil, where he discovered and developed “a passion for helping people of all ages achieve health, happiness and quality of life,” the website said.
