Skincare Lounge, LLC
Skincare Lounge, LLC is an other personal care services business in Philadelphia, PA, classified under NAICS 812199. It was financed with an SBA 7(a) loan for a change of ownership of $609,000, approved on June 24, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Jun 24, 2024
$609,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $609,000
- SBA-guaranteed amount
- $456,750 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 24, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,218 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Philadelphia County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 16% of acquisition loans in Other Personal Care Services on this site.
- Average acquisition loan in Other Personal Care Services: $1,410,088.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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