Salon Stone & Spa LLC
Salon Stone & Spa LLC, located in Easton, Pennsylvania, operates in the beauty salons industry (NAICS 812112). The business was financed with an SBA 7(a) loan for a change of ownership totaling $540,000, with Fidelity Deposit and Discount Bank as the lender and an approval date of July 14, 2025.
SBA 7(a) loan, change of ownership, approved Jul 14, 2025
$540,000 approvedLender: Fidelity Deposit and Discount Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $540,000
- SBA-guaranteed amount
- $405,000 (75% of the approval)
- Lender
- Fidelity Deposit and Discount Bank, Dunmore, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,062 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Project location
- Northampton County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 11% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Pennsylvania: $1,636,965.
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 Pennsylvania
- Lords and Ladies Salon, Bernville