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Innovaire Holdings Corp.

San Antonio, TX · Beauty Salons · NAICS 812112

Innovaire Holdings Corp. is a beauty salon business in San Antonio, Texas, classified under NAICS code 812112 (Beauty Salons). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $999,900, approved on December 5, 2024 through Merchants Bank of Indiana. The loan is associated with the Amazing Lash Studio franchise and reports 41 jobs.

SBA 7(a) loan, change of ownership, approved Dec 5, 2024

$999,900 approvedLender: Merchants Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$999,900
SBA-guaranteed amount
$749,925 (75% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 5, 2034 (estimated, approval date plus term)
Estimated monthly payment
$13,076 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
41
Business type
Corporation
NAICS
812112, Beauty Salons
Franchise
Amazing Lash Studio
Project location
Bexar County, TX
SBA district office
San Antonio District Office
Congressional district
TX-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 64% of acquisition loans in Beauty Salons on this site.
  • Average acquisition loan in Beauty Salons: $1,125,702.
  • Average acquisition loan in Texas: $1,944,682.

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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