City Cuts Ribbon on Another Business Financed with Micro-Loan Program

September 24, 2017

Mayor Vaughn Spencer and City Councilman Dennis Sterner joined owner Jonathan Cifredo at a ribbon cutting ceremony earlier today at Cifredo’z Barber Salon on N. 9th Street in Reading. The business, which opened January 9th, was financed with another loan from the City’s Community Development Department’s Micro-Loan program. “The city has been very, very supportive. My wife and I feel blessed to be a part of this city,” said Cifredo, who runs the salon with his wife Emily, who is the receptionist. They moved their business a few doors down from 213 N. 9th St. and used the $35,000 loan to renovate the space, a former gift store; to purchase equipment, as well as a buy a new data system for client information and bookings, as well as income and expense reports. “I’ve been trying to get this data system for years, and this loan has helped us do it,” Cifredo added.

 

The loan also helped to consolidate debt from the former location, as well as purchase a new sign. “It’s rewarding for the City to assist businesses with the Micro-Loan program,” noted Mayor Spencer. “A lot of credit goes to the Community Development office for creating this program. We look forward to assisting other small businesses in the future,” he added.

 

Cifredo also has plans to train barbers as well. In April, he will qualify to take the manager’s exam which will then allow him to train one student every nine months. He’s looking to coordinate with the I-Lead charter school to send interested students. “If I could change one life, one student at a time it’s worth it,” said Cifredo, a former student of Mayor Spencer. “He has a lot of great ideas and these are the type of business owners we’re looking for in the City,” concluded Councilman Dennis Sterner.

 

Contact:
Yohalna Jimenez
Community Development Department/ City of Reading
(610) 655-6211
Yohalna.jimenez@readingpa.org

 

 

Michael Dee
Special Assistant to the Mayor for Media and Communications / City of Reading
(610) 655-6304 / (484) 772-6072 (cell)
Michael.dee@readingpa.org

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