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Green Bay committee approves $25,000 loan for Hollywood Nails and Spa
Summary
The Green Bay Community Development Block Grant Revolving Loan Committee approved a $25,000 loan to Hollywood Nails and Spa of Wisconsin LLC to buy salon chairs and technician stations. The seven‑year loan carries a 4% interest rate and is secured by a UCC filing and personal guarantees from both partners.
A Green Bay loan committee approved a $25,000 loan on November 11 to Hollywood Nails and Spa of Wisconsin LLC to purchase salon furniture, fixtures and equipment.
City economic development specialist Jessica Mays told the Community Development Block Grant Revolving Loan Committee that the salon, at 807 South Military Avenue, has operated in Green Bay since 2002 and is requesting the loan to buy 14 spa chairs with advanced sanitation and 20 upgraded nail technician stations. The project’s total cost is $30,000; owner Dung Nguyen will contribute $13,000 in equity, Mays said.
The loan terms approved by the committee…
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