Southie Nail & Spa LLC
Southie Nail & Spa LLC is a nail salon business located in Boston, Massachusetts, classified under NAICS code 812113 (Nail Salons). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,006,000, approved on February 5, 2025 through Eastern Bank and the Granite State Economic Development Corporation, with the loan reported as 12 jobs.
SBA 504 loan, approved Feb 5, 2025
$1,006,000 SBA portionCDC: Granite State Economic Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,006,000
- Bank portion
- $1,225,000
- Estimated project size
- $2,478,889 (estimated)
- Estimated owner equity
- $247,889 (estimated, about 10% of the project)
- Bank lender
- Eastern Bank, Boston, MA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 5, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812113, Nail Salons
- Project location
- Suffolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Nail Salons: $1,716,333.
- Average expansion loan in Massachusetts: $2,009,683.
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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