SBA lending record

Blu Salon & Spa LLC

1118 6Th Street, Brookings, SD 57006 · Beauty Salons. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$628K

Total SBA financing

Loans on record

FY2020–23

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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All 2 loans

$133,000 — FY2023

Loan 1 of 2

Gross approval: $133,000
SBA guaranteed: $113,050 (85%)
Status: Current
Rate at approval: 11.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/14/2023
First disbursement: 9/21/2023
Days to fund: 7 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Beauty Salons
NAICS code: 812112
Lender: Pathward National Association
Address: 1118 6TH ST
City: Brookings, 57006
County: Brookings
SBA district office: SOUTH DAKOTA DISTRICT OFFICE
Congressional district: 0

$495,000 — FY2020

Loan 2 of 2

Gross approval: $495,000
SBA guaranteed: $371,250 (75%)
Status: Current
Rate at approval: 6% f
Term: 124 mo (10 yr)
Program: 7a General
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 10/30/2019
First disbursement: 12/31/2019
Days to fund: 62 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 11
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: Beauty Salons
NAICS code: 812112
Lender: Pathward National Association
Address: 1118 6Th Street
City: Brookings, 57006
County: Brookings
SBA district office: SOUTH DAKOTA DISTRICT OFFICE
Congressional district: 0

The lender

Pathward National Association

2 loans to this businessFull SBA lending record + branches on the lender page →

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The banks most active funding beauty salons — by location, industry.

SBA lenders in South Dakota Lenders for beauty salons Beauty Salons lenders in South Dakota

Similar businesses

Comparable beauty salons in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

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SBA financing: ≈ $1.3M–$2.1M
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Gardner & Co. Salon LLC

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SBA financing: ≈ $1.4M–$2.3M
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SBA financing: ≈ $1.1M–$1.8M
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Blu Salon & Spa Watertown, LLC

Watertown, SD· ~43 mi

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$258K
SBA financing: ≈ $506K–$843K
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Cybele Styles LLC

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SBA financing: ≈ $1.5M–$2.5M
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JACKPINE ENGINEERING LLC

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SBA financing: ≈ $1.0M–$1.7M
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Agent summary

This page summarizes the public SBA 7(a) lending record for Blu Salon & Spa LLC in Brookings, SD (Beauty Salons). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

2 SBA 7(a) loans totaling $628K
On record FY2020–23
19 jobs supported
Industry: Beauty Salons
Location: Brookings, SD
Lender: Pathward National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Beauty Salons businesses in SD for ~$314k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:: https://www.capbench.com/businesses/blu-salon-spa-llc-sd
API:: https://www.capbench.com/api/public/businesses/blu-salon-spa-llc-sd
Methodology:: Sources & methodology

Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and CapBench methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.

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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Blu Salon & Spa LLC.