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KNH Beauty Corporation

Houston, TX · Cosmetics, Beauty Supplies, and Perfume Retailers · NAICS 456120

KNH Beauty Corporation is a cosmetics, beauty supplies, and perfume retailer located in Houston, Texas, classified under NAICS code 456120. The business was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on August 20, 2024, through Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Aug 20, 2024

$1,000,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
August 20, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,354 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 4, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
456120, Cosmetics, Beauty Supplies, and Perfume Retailers
Project location
Harris County, TX
SBA district office
Houston District Office
Congressional district
TX-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Cosmetics, Beauty Supplies, and Perfume Retailers on this site.
  • Average acquisition loan in Cosmetics, Beauty Supplies, and Perfume Retailers: $1,215,336.
  • Average acquisition loan in Texas: $1,944,682.

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 Texas