Main Street Registry

Miami Beauty Specialists, LLC

North Miami Beach, FL · Offices of Physicians (except Mental Health Specialists) · NAICS 621111

Miami Beauty Specialists, LLC is a business in North Miami Beach, Florida, in the offices of physicians (except mental health specialists) industry under NAICS code 621111. It financed real estate or equipment through an SBA 504 loan with an SBA portion of $3,009,000, approved on July 24, 2024, through First-Citizens Bank & Trust Company and the Florida Business Development Corporation.

SBA 504 loan, approved Jul 24, 2024

$3,009,000 SBA portionCDC: Florida Business Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,009,000
Bank portion
$3,676,000
Estimated project size
$7,427,778 (estimated)
Estimated owner equity
$742,778 (estimated, about 10% of the project)
Bank lender
First-Citizens Bank & Trust Company, Raleigh, NC
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 24, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
4
Business type
Corporation
NAICS
621111, Offices of Physicians (except Mental Health Specialists)
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-24
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 82% of expansion loans in Offices of Physicians (except Mental Health Specialists) on this site.
  • Average expansion loan in Offices of Physicians (except Mental Health Specialists): $2,141,987.
  • Average expansion loan in Florida: $2,058,496.

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 Florida