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Jo & Ch Business, LLC

Addison, TX · Nail Salons · NAICS 812113

Jo & Ch Business, LLC is a nail salon located in Addison, Texas, classified under NAICS code 812113 (Nail Salons). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $540,000, approved on January 4, 2024, through PNC Bank, National Association. The loan reports 29 jobs.

SBA 7(a) loan, change of ownership, approved Jan 4, 2024

$540,000 approvedLender: PNC Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$540,000
SBA-guaranteed amount
$405,000 (75% of the approval)
Lender
PNC Bank, National Association, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.17%, fixed
Term
10 years (120 months)
Estimated maturity
January 4, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,187 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
29
Business type
Corporation
NAICS
812113, Nail Salons
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Average acquisition loan in Nail Salons: $1,296,692.
  • 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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Same industry in Texas