Penny Stankiewicz, owner of Sugar Couture, contacted Evergreen in the summer of 2013 with an idea to create a retail bakery that would also serve as a manufacturing space for her custom cake business. Along with our colleagues at the Brooklyn Business Center, we were able to offer Penny guidance and access to the resources that allowed her to make her concept a reality.
Early on in the process we connected Penny with the New York Business Development Corporation (NYBDC) and their 7A loan product. Our staff assisted Penny with compiling the required application documents and creating cash flow projections. Through our combined efforts, we showed that the ongoing operations of the new retail bakery would be able to support loan payments while retaining the additional capital needed to grow the business.
After Penny found a space to implement her plan we were able to leverage a relationship with Volunteers of Legal Services (VOLS) to provide pro bono legal representation through Kelley Drye and Warren LLP when reviewing and negotiating her lease.
In December of 2014 after many months of arranging financing and coordinating construction, Sugar Couture had its grand opening party at a beautiful new space at 386 Graham Ave. in Brooklyn. In addition to cakes and sweets they also serve savory options and have been a welcome addition to the area.
“I would not be where I am today without the amazing assistance of Evergreen. They gave me excellent, invaluable guidance and connected me to financing to turn my business plan into a business.” – Penny Stankiewicz, owner of Sugar Couture.