Whip Salon LLC
Whip Salon LLC is located in Ridgefield, CT, and the SBA lists its industry as Beauty Salons. It was approved for an SBA 7(a) loan of $1,375,000 for a change of ownership on June 1, 2026.
SBA 7(a) loan, change of ownership, approved Jun 1, 2026
- Gross approval
- $1,375,000
- SBA-guaranteed amount
- $1,031,250 (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
- June 1, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $16,865 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 5, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Western Ct County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Connecticut: $1,992,959.
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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