Novu Beauty LLC
Novu Beauty LLC is a cosmetics, beauty supplies, and perfume retailer located in Raleigh, North Carolina. The company financed real estate or equipment through an SBA 504 loan of $1,721,000, approved on October 29, 2024, through The Fidelity Bank and the Business Expansion Funding Corporation. The loan was reported with 27 jobs.
SBA 504 loan, approved Oct 29, 2024
$1,721,000 SBA portionCDC: Business Expansion Funding Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,721,000
- Bank portion
- $2,458,000
- Estimated project size
- $4,643,333 (estimated)
- Estimated owner equity
- $464,333 (estimated, about 10% of the project)
- Bank lender
- The Fidelity Bank, Fuquay Varina, NC
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- October 29, 2049 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 27
- Business type
- Corporation
- NAICS
- 456120, Cosmetics, Beauty Supplies, and Perfume Retailers
- Project location
- Wake County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-2
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Average expansion loan in Cosmetics, Beauty Supplies, and Perfume Retailers: $1,836,778.
- Average expansion loan in North Carolina: $2,167,577.
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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