KL Studios of North Dakota L.L.C.
KL Studios of North Dakota L.L.C. is a business in Fargo, North Dakota, classified under the NAICS industry Other Personal Care Services. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $967,000, approved on May 28, 2025 by Platinum Bank.
SBA 7(a) loan, change of ownership, approved May 28, 2025
$967,000 approvedLender: Platinum Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $967,000
- SBA-guaranteed amount
- $725,250 (75% of the approval)
- Lender
- Platinum Bank, Oakdale, MN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 28, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,513 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 2, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 31
- Business type
- Corporation
- NAICS
- 812199, Other Personal Care Services
- Franchise
- Waxing the City
- Project location
- Cass County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-00
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 48% of acquisition loans in Other Personal Care Services on this site.
- Average acquisition loan in Other Personal Care Services: $1,410,088.
- Average acquisition loan in North Dakota: $1,899,142.
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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