Lugano Crest, LLC dba Matthew Morris Salon
Lugano Crest, LLC dba Matthew Morris Salon is a beauty salon located in Denver, Colorado, in the beauty salons industry. The business was financed with an SBA 7(a) loan for a change of ownership of $3,640,000, approved on March 20, 2026, through VelocitySBA, LLC.
SBA 7(a) loan, change of ownership, approved Mar 20, 2026
$3,640,000 approvedLender: VelocitySBA, LLC25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,640,000
- SBA-guaranteed amount
- $2,366,000 (65% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 20, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $29,926 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 48
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Denver County, CO
- SBA district office
- Colorado District Office
- Congressional district
- CO-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 98% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Colorado: $1,608,658.
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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