Elevate Business Management LLC
Elevate Business Management LLC is located in Irvine, CA, and the SBA lists its industry as Beauty Salons. It was approved for an SBA 7(a) loan of $1,422,700 for a change of ownership on December 19, 2024.
SBA 7(a) loan, change of ownership, approved Dec 19, 2024
- Gross approval
- $1,422,700
- SBA-guaranteed amount
- $1,067,025 (75% of the approval)
- Lender
- Plumas Bank, Quincy, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.5%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- December 19, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $16,888 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-45
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 78% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in California: $1,688,228.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in California
- El Jam Enterprises Inc., Costa Mesa
- Farzana's Salon & Boutique, Los Altos