The Fashion Class NYC, LLC
The Fashion Class NYC, LLC is a business in New York, NY, in the All Other Miscellaneous Schools and Instruction industry (NAICS 611699). It was financed with an SBA 7(a) loan for a change of ownership of $534,800, approved on September 30, 2025, through Truliant FCU, and the loan term is 10 years.
SBA 7(a) loan, change of ownership, approved Sep 30, 2025
$534,800 approvedLender: Truliant FCU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $534,800
- SBA-guaranteed amount
- $401,100 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,216 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 611699, All Other Miscellaneous Schools and Instruction
- Franchise
- The Fashion Class
- Project location
- New York County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 9% of acquisition loans in All Other Miscellaneous Schools and Instruction on this site.
- Average acquisition loan in All Other Miscellaneous Schools and Instruction: $2,006,618.
- Average acquisition loan in New York: $1,771,512.
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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