Veteran Raises $100K for Baltimore Barbershop without Knowing How to Cut Hair

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In today's American economic crisis, many entrepreneurs are having extremely difficult times securing conventional bank financing. However, military veteran and minority entrepreneur, Nicholas Cassadine, has had repeated success in finding conventional financing for his start-up barbershop company, Royal Razor, LLC.

Royal Razor Baltimore Barber Shop

Royal Razor Baltimore Barber Shop

Royal Razor, a new barbershop brand in downtown Baltimore announced today that the company has raised almost $100,000 in start-up capital. Royal Razor was developed by, non-barber and former active duty naval officer, Nicholas Cassadine, with assistance from the Downtown Partnership of Baltimore's Operation: Storefront, as an initiative to help the economic development of downtown Baltimore.

Conceptualization of Royal Razor originated when Mr. Cassadine could not find any urban barber shops, in Baltimore, that catered to young, black professionals with organized service and standards for quality control and hygiene. The military veteran and minority entrepreneur then decided to create an urban barbershop focused on providing a quality experience with professionally licensed staff, an organized business system and cool atmosphere. The barbershop is being designed as a multicultural barbershop, targeting African American and Latino men.

Financing was provided by Downtown Partnership of Baltimore, PNC Bank, and Maryland Department of Housing and Community Development. All organizations contributed to Royal Razor's financing with either grant funding or low interest micro loans.

Royal Razor’s soft launch is set for July 2012.

About Royal Razor

Royal Razor is a multicultural barber shop located in downtown Baltimore. With almost 2,000 sqft of space, this ten chair barbershop will be packed with multiple flat screen televisions, free wi-fi and great furniture housed in a space designed with early 1900's charm, industrial elements, and modern fixtures.

Royal Razor
304 W. Baltimore St.
Baltimore, MD 21201
About Nicholas Cassadine

Graduated from the US Naval Academy, in 2002, with a BS in Electrical Engineering. Served seven years on active duty as a Surface Warfare Officer in the US Navy. He specialized in engineering, emergency management policy, and anti-terrorism assessments. After leaving active duty, he worked in sales for two years as a medical oncology sales executive for a cancer genetics laboratory.

In addition to his entrepreneurial career, Mr. Cassadine continues to remain connected to the military. He is currently a naval reservist at Military Sealift Command (MSC) Headquarters, Washington, DC.

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