Farzana's Salon & Boutique
Farzana's Salon & Boutique is a beauty salon business located in Los Altos, California, classified under the beauty salons industry (NAICS 812112). The business was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved on June 5, 2025, by lender Readycap Lending, LLC.
SBA 7(a) loan, change of ownership, approved Jun 5, 2025
$500,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (75% of the approval)
- Lender
- Readycap Lending, LLC, Berkeley Heights, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 5, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,677 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Santa Clara County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-18
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- 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.
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