Filed. Nails Spa Beauty LLC
Filed. Nails Spa Beauty LLC, located in Norman, Oklahoma, operates in the nail salons industry (NAICS 812113). The company was financed with an SBA 7(a) loan for a change of ownership totaling $545,000, approved on September 13, 2024 by VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved Sep 13, 2024
$545,000 approvedLender: VelocitySBA, LLC10 years termPaid in fullLoan details
- Gross approval
- $545,000
- SBA-guaranteed amount
- $408,750 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 13, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,507 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2024
- Loan status
- Paid in full
- Jobs supported
- 40
- Business type
- Corporation
- NAICS
- 812113, Nail Salons
- Project location
- Cleveland County, OK
- SBA district office
- Oklahoma District Office
- Congressional district
- OK-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 4% of acquisition loans in Nail Salons on this site.
- Average acquisition loan in Nail Salons: $1,296,692.
- Average acquisition loan in Oklahoma: $1,861,759.
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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