Enchanted Nails of Albany Georgia, LLC
Enchanted Nails of Albany Georgia, LLC is a nail salon located in Albany, Georgia. The company financed real estate or equipment through an SBA 504 loan of $1,201,000, with PeoplesSouth Bank as the lending bank and Florida First Capital Finance Corporation, Inc. as the certified development company, approved on September 4, 2024.
SBA 504 loan, approved Sep 4, 2024
$1,201,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,201,000
- Bank portion
- $1,463,000
- Estimated project size
- $2,960,000 (estimated)
- Estimated owner equity
- $296,000 (estimated, about 10% of the project)
- Bank lender
- PeoplesSouth Bank, Colquitt, GA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 4, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 6
- Business type
- Individual
- NAICS
- 812113, Nail Salons
- Project location
- Lee County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Nail Salons: $1,716,333.
- Average expansion loan in Georgia: $2,201,121.
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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