Mj Golden Enterprise LLC
Mj Golden Enterprise LLC, located in Coral Gables, Florida, operates in the beauty salons industry (NAICS 812112). The business was financed with an SBA 7(a) loan for a change of ownership of $2.96 million, approved on May 23, 2024, through Celtic Bank Corporation.
SBA 7(a) loan, change of ownership, approved May 23, 2024
$2,960,000 approvedLender: Celtic Bank Corporation10 years termPaid in fullLoan details
- Gross approval
- $2,960,000
- SBA-guaranteed amount
- $2,220,000 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,774 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 7, 2024
- Loan status
- Paid in full
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Miami-Dade County, FL
- SBA district office
- South Florida District Office
- Congressional district
- FL-27
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Florida: $1,808,559.
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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