Lux Beauty Superstore
Lux Beauty Superstore is a cosmetics, beauty supplies, and perfume retailer located in Las Vegas, Nevada. The business financed real estate or equipment through an SBA 504 loan, with the SBA portion of $1,602,000 approved on December 21, 2023, through City National Bank and The Mortgage Capital Development Corporation.
SBA 504 loan, approved Dec 21, 2023
$1,602,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,602,000
- Bank portion
- $1,955,000
- Estimated project size
- $3,952,222 (estimated)
- Estimated owner equity
- $395,222 (estimated, about 10% of the project)
- Bank lender
- City National Bank, Los Angeles, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 21, 2048 (estimated, approval date plus term)
- First disbursement
- Dec 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 456120, Cosmetics, Beauty Supplies, and Perfume Retailers
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Cosmetics, Beauty Supplies, and Perfume Retailers: $1,836,778.
- Average expansion loan in Nevada: $2,098,935.
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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