WaxHouse, LLC
WaxHouse, LLC is located in Salt Lake City, UT, and the SBA lists its industry as Other Personal Care Services. It was approved for an SBA 7(a) loan of $4,525,000 for a change of ownership on December 30, 2024.
SBA 7(a) loan, change of ownership, approved Dec 30, 2024
- Gross approval
- $4,525,000
- SBA-guaranteed amount
- $3,393,750 (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
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $55,500 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 82
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Project location
- Salt Lake County, UT
- SBA district office
- Utah District Office
- Congressional district
- UT-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 95% 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 Utah: $1,761,092.
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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