WAC closes $450,000 loan for NY hair salon

Worth Avenue Capital, LLC (WAC) arranged financing for a hair salon that is based in New York State for $450,000. The loan proceeds were used for debt consolidation purposes and the loan was funded by a commercial bank, which specializes in providing financing for small businesses throughout the U.S. This transaction marks WAC's expansion outside of New England as it seeks to expand its franchise into other parts of the northeast.