Glow MedSpas VA Inc.
Glow MedSpas VA Inc. is a business located in Henrico, Virginia, classified under the industry All Other Personal Services (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership of $982,600, approved on December 12, 2024 by Colony Bank.
SBA 7(a) loan, change of ownership, approved Dec 12, 2024
$982,600 approvedLender: Colony Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $982,600
- SBA-guaranteed amount
- $736,950 (75% of the approval)
- Lender
- Colony Bank, Fitzgerald, GA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 12, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,397 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 19, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 38
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- Project location
- Henrico County, VA
- SBA district office
- Richmond District Office
- Congressional district
- VA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 38% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- Average acquisition loan in Virginia: $1,860,760.
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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