Bond Beauty & Nails
Bond Beauty & Nails is a nail salon located in Howell, New Jersey, in the Nail Salons industry (NAICS 812113). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,050,000 from First Merchants Bank and an approval date of December 10, 2025.
SBA 7(a) loan, change of ownership, approved Dec 10, 2025
$1,050,000 approvedLender: First Merchants Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,050,000
- SBA-guaranteed amount
- $787,500 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 10, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,731 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 812113, Nail Salons
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 54% of acquisition loans in Nail Salons on this site.
- Average acquisition loan in Nail Salons: $1,296,692.
- Average acquisition loan in New Jersey: $1,626,307.
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 New Jersey
- 198 Bella Nails Inc, Perth Amboy