Seven Hills Salons LLC
Seven Hills Salons LLC is a beauty salon business in Everett, Washington, classified under NAICS code 812112 (Beauty Salons), and it operates as a Great Clips franchise. The business was financed with an SBA 7(a) loan for a change of ownership totaling $710,000, with a 120-month term, approved through Live Oak Banking Company with an approval date of July 28, 2026, and the loan is associated with 8 jobs.
SBA 7(a) loan, change of ownership, approved Jul 28, 2026
$710,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $710,000
- SBA-guaranteed amount
- $532,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $8,521 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Franchise
- Great Clips
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 31% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Washington: $1,784,595.
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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