Tasso Holdings LLC
Tasso Holdings LLC, located in Scottsdale, AZ, operates in the nail salons industry (NAICS 812113). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $622,000, approved on June 6, 2024 by American Momentum Bank.
SBA 7(a) loan, change of ownership, approved Jun 6, 2024
$622,000 approvedLender: American Momentum Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $622,000
- SBA-guaranteed amount
- $466,500 (75% of the approval)
- Lender
- American Momentum Bank, College Station, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $8,568 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 19, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 812113, Nail Salons
- Project location
- Maricopa County, AZ
- SBA district office
- Arizona District Office
- Congressional district
- AZ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Nail Salons on this site.
- Average acquisition loan in Nail Salons: $1,296,692.
- Average acquisition loan in Arizona: $1,690,811.
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 Arizona
- The Nail Lounge Gilbert LLC, Gilbert
- S & R Beauty, LLC, Scottsdale
- Beauty & Beast Concepts Inc., Gilbert