Tarar Blue Chair LLC
Tarar Blue Chair LLC is a beauty salon business in Richmond, Michigan, classified under NAICS 812112 (Beauty Salons). The company was financed with an SBA 7(a) loan for a change of ownership of $650,000, approved on June 22, 2026 by The Huntington National Bank, and the loan is associated with a franchise.
SBA 7(a) loan, change of ownership, approved Jun 22, 2026
$650,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $650,000
- SBA-guaranteed amount
- $487,500 (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
- 7.95%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- June 22, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $7,869 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 2, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812112, Beauty Salons
- Franchise
- Great Clips
- Project location
- Macomb County, MI
- SBA district office
- Michigan District Office
- Congressional district
- MI-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 22% of acquisition loans in Beauty Salons on this site.
- Average acquisition loan in Beauty Salons: $1,125,702.
- Average acquisition loan in Michigan: $1,645,728.
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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