{"id":590,"date":"2021-10-05T09:39:39","date_gmt":"2021-10-05T09:39:39","guid":{"rendered":"https:\/\/www.mysetaside.com\/newsevents\/?p=590"},"modified":"2021-10-05T09:39:43","modified_gmt":"2021-10-05T09:39:43","slug":"pinots-palette-uses-sba-resources-to-paint-through-the-hard-times","status":"publish","type":"post","link":"https:\/\/www.mysetaside.com\/news-and-events\/pinots-palette-uses-sba-resources-to-paint-through-the-hard-times\/","title":{"rendered":"Pinot’s Palette Uses SBA Resources to Paint Through the Hard Times"},"content":{"rendered":"\n
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\nKansas City District Office  – September 2021<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nPinot’s Palette Uses SBA Resources to Paint Through the Hard Times<\/h1>\n\n\n\n\n
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\nAlong with the many challenges that businesses face through the pandemic crisis, owners also find creative ways to serve their clients. Barbara Newman and her husband and co-owner, Jim Newman, of Pinot\u2019s Palette in Olathe, Johnson County Kansas is a great example.\n Newman worked in the customer service field for several years until she married and started a family.<\/p>\n

\nIt wasn\u2019t until 2016, that Newman decided to go back to work. Pinot\u2019s Palette provides a place where people can come to relax, socialize and learn something new. Combining a step-by-step painting class with music, wine, and beer, the studio is the perfect backdrop\n for parties for adults, corporate team building events, fundraisers and children’s birthday celebrations. \u201cOur entire business model is based on providing a highly social experience,\u201d Barbara explains. \u201cOur studio holds events where artists lead groups of\n people who paint, sip and socialize. \u201c<\/p>\n

\nNewman continued to grow her business until the pandemic hit in March 2020 and Johnson County, Kansas announced a \u201cstay-at-home\u201d order. This order required residents to remain in place, with the only exceptions obtaining and providing essential needs. \u201cBecause\n I was nonessential, I was not even allowed to do curbside pickup,\u201d said Newman. Pinot\u2019s Palette changed how they offered their services during the pandemic and delivered paint kits to people\u2019s houses. \u201cI needed to sell 237 paint kits to make rent for the month,\u201d\n said Newman. \u201cI was the only person assembling and packing up kits.\u201d There was so much COVID financial information being announced and it would change the next day,\u201d she adds. \u201cI also had eight employees wanting to file unemployment.\u201d<\/p>\n

\nNewman was quickly overwhelmed with all the decisions she had to make while providing emotional support to her team. She needed help and she knew just who to call, her trusted business advisor, Jack Harwell (since retired) at the Small Business Development\n Center (SBDC) at Johnson County Community College. \u201cThe SBDC is a trusted source and the one I chose to get all my facts,\u201d she said.<\/p>\n

\nThe SBDC helped her prioritize tasks and make informed, deliberate decisions like securing an SBA Paycheck Protection Program (PPP) and Economic Injury Disaster loan (EIDL). Newman also attended the SBDC\u2019s online webinars that focused on the Coronavirus Aid,\n Relief, and Economic Security Act or CARES Act for operating small businesses during the crisis. Newman was also able to get six months of principal and interest paid for on an existing SBA loan for her business.<\/p>\n

\nWith help from SBA-backed loans and expert advice from the SBDC, Newman learned how to navigate through the pandemic. She was aware of how the pandemic impacted her eight employees so she was relieved to tell them they still had jobs through funding from the\n SBA PPP loan. According to Newman, the PPP loan was \u201can umbrella of financial safety for the employees and the business.\u201d which allowed her to breathe a sigh of relief and focus on other decisions she had to make. Newman concentrated on making one decision\n at a time until she was able to re-open her business in mid-May to the local community.<\/p>\n

\n\u201cIt\u2019s important to have that nest egg for the unplanned or unexpected,\u201d Newman said. \u201cWe\u2019ve been open for five years and I didn\u2019t pay myself the first two years. If businesses can do so, living lean and having cash reserves is imperative and the pandemic has\n shown us the importance now more than ever.\u201d<\/p>\n

\nDisclaimer: SBA\u2019s participation or support is not an endorsement of any products, service, or entity.<\/em><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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\nKansas City District Office  – September 2021<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n

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\nPinot’s Palette Uses SBA Resources to Paint Through the Hard Times<\/h1>\n\n\n\n
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