Behind the Business

Satori Yoga offers San Franciscans relaxation and refuge from their stressful days through yoga and other wellness services.

“I think that the more people who do yoga, the better the world will be.”

- Andrea Stern

Creating a Yoga Refuge for Busy Office Workers with Help from Kabbage

When Andrea Stern was a corporate human resources manager in downtown San Francisco, yoga classes were her sanity break. “I felt rejuvenated – like I had a better perspective on the day,” Andrea says. At the same time, she was counseling employees who felt burned out at their jobs and underappreciated by their bosses.

“I thought it would be amazing to have a yoga studio right in the financial district to help people be their best selves,” Andrea says. She opened Satori Yoga Studio in 2004. Now, she and 18 teachers offer classes in a variety of yoga styles such as Vinyasa and Iyengar, as well as meditation classes and in-office yoga sessions.

While there are plenty of yoga studios in San Francisco, Andrea has found her niche. “We cater to a diverse demographic range, and to people at all levels and with different body types,” Andrea says. “I think that the more people who do yoga, the better the world will be.”

Staying current with critical bills

After 10 years of running the business, Andrea faced an unexpected rent increase. Her landlord sold the building, and she moved into a new, more expensive, studio space. “I didn’t realize how long it would take to get back to profitability after a rent increase like that,” she says. “It was like starting a new business. It took us three years to grow enough to get where we needed to be.”

Andrea used merchant cash advances to cover occasional shortfalls in revenue, but the interest rates were high, and the minimum advance amounts were often more than she needed. “It was nice to find out about Kabbage since a line of credit worked better for me,” Andrea says. “If I’m short $2,000 I can just grab it and know that I can repay it.”

The funds from Kabbage help Andrea stay on top of necessary expenses. “Rent and teacher salaries are two things I never want to pay late,” she says. She also uses Kabbage loans to pay for postcard mailings and email newsletters.

Adding services and opening a second studio

With support from Kabbage, Andrea added massage and wellness coaching to her services and is considering opening a second location.

“We’re going all out, doing everything we can to make as much money as we can,” she says. Since Andrea started using Kabbage, she has grown her customer base by 15 percent every quarter.

Andrea is careful about her business finances. She kept her corporate job for six months after opening Satori to make sure she could keep the doors open. Whenever she uses her Kabbage line of credit, she talks with her Kabbage account manager. “It’s been helpful to have that partnership – I know Kabbage has my back,” Andrea says. “Kabbage gives me peace of mind.”

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footnotes

  1. Credit lines and pricing are subject to periodic review and change, including line and pricing reductions, line and pricing increases, or line eliminations. Individual requests for capital are separate installment loans. All loans are subject to credit approval. Frequently Asked Questions.
  2. Kabbage can approve you in minutes for up to $200,000 when we are able to automatically obtain your business data and verify your bank account. Lines of credit over $200,000 require a manual review. In some situations, errors may occur during the sign up process, or we may need to send micro-deposits to confirm your bank account for security purposes. If this is the case, it may take up to several days to provide you access to funding.
  3. The Kabbage Card is issued by Republic Bank & Trust Company, member FDIC, pursuant to license by Visa U.S.A., Inc. See the Cardholder Agreement for Terms & Conditions including fee schedule details.

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