Main Street Registry

M&S North Star Inc.

San Diego, CA · All Other Personal Services · NAICS 812990

M&S North Star Inc. of San Diego, CA operates in the All Other Personal Services industry (NAICS 812990). The company was financed with an SBA 7(a) loan for a change of ownership, approved for $843,000 by The Huntington National Bank on November 21, 2024.

SBA 7(a) loan, change of ownership, approved Nov 21, 2024

$843,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$843,000
SBA-guaranteed amount
$632,250 (75% of the approval)
Lender
The Huntington National Bank, Columbus, OH
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
November 21, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,024 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
12
Business type
Corporation
NAICS
812990, All Other Personal Services
Project location
San Diego County, CA
SBA district office
San Diego District Office
Congressional district
CA-52
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 34% 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 California: $1,688,228.

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 California