QB&T in the News

November 26, 2010

Studio 607 Heads West

by Andy Ross, New Haven Independent

Quinnipiac Bank Lends to New Haven Salon

The longstanding Wooster Square business Studio 607, a full service hair and skin salon, is moving three blocks west to 839 Chapel St. – into the English Building. As part of the change owners Thomas and Sami Angelini will also give it a new name, Salon Lulu, which was inspired by their daughter Luciana – also known as “Lulu.”

Although Studio 607 had only three salon stations, Salon Lulu is more than twice as big, with eight stations and a newly enhanced menu of spa services.

Thom is one of the region’s most talented colorists and is best known for his personal service and cutting edge hair designs. “I have been in a small shop with only a few employees since I started in 1998, but my referral business has outgrown our space.” Thom has also lived on Chapel Street for the past 14 years during his downtown walks he’s noticed a steady increase of pedestrian traffic. So when the residential building opened up it made sense to move in order to grow the business.

Quinnipiac Bank and Trust provided the funding after reviewing Thom’s business plan. “I could not believe a bank could work so fast,” Thom said, “especially during these difficult economic times.”

David Sportelli, Vice President of Small Business Lending, said “I am seeing an up tick in confidence on the part of small businesses to expand”. “These are successful small businesses stepping out and taking advantage of a low interest rate environment to expand now”. “We like to see businesses using the money to purchase goods, services and hire people”. “Everyone here at the bank is excited to be able to help small businesses grow their business, especially for the Angelinis and their employees, New Haven and the economy as a whole and of course it is good for us”. “Salon Lulu receives a loan to expand their business and we prosper by getting a new customer”.

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