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Beauty Academy of South Florida, Corp.

Miami, FL · Other Technical and Trade Schools · NAICS 611519

Beauty Academy of South Florida, Corp. is a business in Miami, Florida, in the Other Technical and Trade Schools industry (NAICS 611519). It was approved for an SBA 504 loan of $1,455,000 on August 8, 2024, which financed real estate or equipment through an SBA 504 loan, with SouthState Bank, National Association as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Aug 8, 2024

$1,455,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$1,455,000
Bank portion
$1,830,000
Estimated project size
$3,650,000 (estimated)
Estimated owner equity
$365,000 (estimated, about 10% of the project)
Bank lender
SouthState Bank, National Association, Winter Haven, FL
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 8, 2049 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
10
Business type
Corporation
NAICS
611519, Other Technical and Trade Schools
Project location
Miami-Dade County, FL
SBA district office
South Florida District Office
Congressional district
FL-27
Collateral
Yes

Estimated share of project by source

Bank 50% SBA (CDC) 40% Owner 10%

  • Larger than 20% of expansion loans in Other Technical and Trade Schools on this site.
  • Average expansion loan in Other Technical and Trade Schools: $2,203,100.
  • Average expansion loan in Florida: $2,058,496.

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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Same industry in Florida