Beauty Edu, LLC
Beauty Edu, LLC, located in Altoona, PA, operates in the cosmetology and barber schools industry (NAICS 611511). The company was financed with an SBA 7(a) loan for a change of ownership of $571,500, approved on January 28, 2025, by Kish Bank.
SBA 7(a) loan, change of ownership, approved Jan 28, 2025
$571,500 approvedLender: Kish Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $571,500
- SBA-guaranteed amount
- $428,625 (75% of the approval)
- Lender
- Kish Bank, Belleville, PA
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 10.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- January 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,712 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 7, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 611511, Cosmetology and Barber Schools
- Project location
- Blair County, PA
- SBA district office
- Pittsburgh District Office
- Congressional district
- PA-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Cosmetology and Barber Schools: $1,679,950.
- 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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