KNH Beauty Corporation
KNH Beauty Corporation is a cosmetics, beauty supplies, and perfume retailer located in Houston, Texas, classified under NAICS code 456120. The business was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on August 20, 2024, through Hanmi Bank.
SBA 7(a) loan, change of ownership, approved Aug 20, 2024
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Hanmi Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $13,354 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 4, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 456120, Cosmetics, Beauty Supplies, and Perfume Retailers
- Project location
- Harris County, TX
- SBA district office
- Houston District Office
- Congressional district
- TX-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 64% of acquisition loans in Cosmetics, Beauty Supplies, and Perfume Retailers on this site.
- Average acquisition loan in Cosmetics, Beauty Supplies, and Perfume Retailers: $1,215,336.
- 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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Texas
- TeeCeePee Investments LLC, Haltom City
- Jinyang LLC, Killeen