Main Street Registry

Modern Nails Bar B&c, LLC

Princeton, TX · Nail Salons · NAICS 812113

Modern Nails Bar B&C, LLC is a nail salon located in Princeton, Texas. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,430,000, approved by Byline Bank on March 20, 2026.

SBA 7(a) loan, change of ownership, approved Mar 20, 2026

$1,430,000 approvedLender: Byline Bank125 months termCommitted, not fully disbursedLoan details
Gross approval
$1,430,000
SBA-guaranteed amount
$1,072,500 (75% of the approval)
Lender
Byline Bank, Chicago, IL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years, 5 months (125 months)
Estimated maturity
August 20, 2036 (estimated, approval date plus term)
Estimated monthly payment
$18,061 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
31
Business type
Corporation
NAICS
812113, Nail Salons
Project location
Collin County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 75% of acquisition loans in Nail Salons on this site.
  • 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