SBA lending record
SUMMIT LUSSO NAILS INC
545 MORRIS AVE, Summit, NJ · Nail Salons. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$250K
Total SBA financing
1
Loan on record
FY2022
On record
7
Jobs supported
Is SUMMIT LUSSO NAILS INC your business?
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The loan
$250,000 — FY2022
- Gross approval
- $250,000
- SBA guaranteed
- $187,500 (75%)
- Status
- Paid in full
- Rate at approval
- 5.75% v
- Term
- 84 mo (7 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 6/6/2022
- First disbursement
- 6/10/2022
- Days to fund
- 4 days
- Paid in full
- 1/31/2023
- Collateral
- Required
- Jobs supported
- 7
- Business type
- Corporation
- Business age
- Change of Ownership
- Industry
- Nail Salons
- NAICS code
- 812113
- Lender
- New Millennium Bank
- Address
- 545 MORRIS AVE
- City
- Summit
- County
- Union
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 7
The lender
Find SBA lenders for businesses like this
The banks most active funding nail salons — by location, industry.
Similar businesses
Comparable nail salons in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
New Polish Nails Inc
Berkeley Heights, NJ· ~4 mi
Nail Salons
- $300K
- SBA financing
- ≈ $588K–$980K
- Est. revenue (rough)
Madison Hill Nail & Spa LLC
Madison, NJ· ~2 mi
Nail Salons
- $200K
- SBA financing
- ≈ $392K–$654K
- Est. revenue (rough)
JENNES NAILS & SPA LLC
Chatham, NJ· ~3 mi
Nail Salons
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Luxury Nail and Spa Woodcliff Lake LLC
Scotch Plains, NJ· ~4 mi
Nail Salons
- $350K
- SBA financing
- ≈ $686K–$1.1M
- Est. revenue (rough)
Jane's Nails LLC
Madison, NJ· ~2 mi
Nail Salons
- $450K
- SBA financing
- ≈ $882K–$1.5M
- Est. revenue (rough)
RAINBOW BEAUTY SALON L.L.C.
Bloomfield, NJ· ~10 mi
Nail Salons
- $348K
- SBA financing
- ≈ $682K–$1.1M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for SUMMIT LUSSO NAILS INC in Summit, NJ (Nail 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.
- 1 SBA 7(a) loan totaling $250K
- On record FY2022
- 7 jobs supported
- Industry: Nail Salons
- Location: Summit, NJ
- Lender: New Millennium Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Nail Salons businesses in NJ for ~$250k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-21.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- 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.
Is SUMMIT LUSSO NAILS INC your business?
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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 SUMMIT LUSSO NAILS INC.