New America Beauty Education Corp
New America Beauty Education Corp, located in Villa Park, California, operates in the cosmetology and barber schools industry (NAICS 611511). The business financed real estate or equipment through an SBA 504 loan of $2,368,000, approved on December 15, 2023, with California Statewide Certified Development Corporation as the CDC and Velocity Commerical Capital as the bank lender.
SBA 504 loan, approved Dec 15, 2023
$2,368,000 SBA portionCDC: California Statewide Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,368,000
- Bank portion
- $3,901,500
- Estimated project size
- $6,966,111 (estimated)
- Estimated owner equity
- $696,611 (estimated, about 10% of the project)
- Bank lender
- Velocity Commerical Capital, Westlake Village, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 15, 2048 (estimated, approval date plus term)
- First disbursement
- Mar 13, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 611511, Cosmetology and Barber Schools
- Project location
- Orange County, CA
- SBA district office
- Santa Ana District Office
- Congressional district
- CA-47
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Average expansion loan in Cosmetology and Barber Schools: $1,533,167.
- Average expansion loan in California: $2,161,468.
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
- WPR Commercial LLC, Concord
- Mixed, Inc., Sacramento
- Mj Barber & Beauty Academy Inc, La Quinta