How an Indy salon is trying to rebound from COVID-19

Posted at 7:49 PM, Apr 27, 2020
and last updated 2020-04-27 19:49:45-04

INDIANAPOLIS — Last week, Governor Eric Holcomb advised businesses to prepare to reopen, even though it’s unclear when that may be.

A salon on Indianapolis’ north side is learning what it will take to get back on track.

“I never thought something like this would happen,” said Silviya Kaptiev, a stylist at the Fiore Salon. “This location is only two years old, so it’s a new business. And the rent is $6,000.”

She said on June 1, she will owe her landlord $18,000.

It’s been five weeks since the salon shut its doors and stopped accepting appointments after the COVID-19 pandemic.

The salon hopes to rebound, but right now nearly a dozen stylists who pay a booth rental fee are out of business, leaving Kaptiev to pay the landlord without their help.

She tried to apply for the Payroll Protection Program but said because the stylists are not on her payroll, she doesn’t qualify.

“It’s really scary because we don’t know what’s going to happen and nobody will give any guidance,” Kaptiev said.

Kaptiev said her insurance denied her business interruption claim, saying the COVID-19 pandemic doesn’t qualify.

According to the U.S. Small Business Administration, she can apply for a loan but needs to do so using the self-employed option. She can also apply for the economic injury disaster loan.