Beauty & Beast Concepts Inc.
Beauty & Beast Concepts Inc. is a nail salon business located in Gilbert, Arizona, classified under NAICS code 812113 (Nail Salons). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,115,000, approved by Truliant FCU on November 14, 2024.
SBA 7(a) loan, change of ownership, approved Nov 14, 2024
$2,115,000 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,115,000
- SBA-guaranteed amount
- $1,586,250 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $28,539 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 6, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 34
- Business type
- Corporation
- NAICS
- 812113, Nail Salons
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 83% of acquisition loans in Nail Salons on this site.
- Average acquisition loan in Nail Salons: $1,296,692.
- Average acquisition loan in Arizona: $1,690,811.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in Arizona
- The Nail Lounge Gilbert LLC, Gilbert
- S & R Beauty, LLC, Scottsdale
- Tasso Holdings LLC, Scottsdale