SBA Loans for Beauty Salons
25,737 SBA loans have funded beauty salons nationwide, averaging $141K across 1,626 active SBA lenders, at an average note rate of 7.8%. SBA 7(a) loans up to $5M fund acquiring a salon or suite business and chairs, stations, and equipment; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a salon.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 812112), 2000 to present.
25,737
SBA Loans Funded
$141K
Average Loan
7.8%
Avg Note Rate
9 yrs
Avg Term
1,626
Active Lenders
17.8%
Charge Off Rate (resolved loan basis)
What beauty salons use SBA loans for
Where beauty salons get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 2,415 | $430.7M |
| Texas | 2,044 | $370.3M |
| New York | 1,982 | $207.6M |
| Florida | 1,299 | $228.8M |
| Ohio | 1,292 | $141.0M |
Talk to PeerSense about SBA capital for a salon.
Tell us your loan amount and use of funds. PeerSense sources capital for a salon, anywhere in the US.
SBA 7(a) / 504, Beauty Salons: The desk will reach out. No obligation.
How beauty salons qualify for an SBA loan
SBA 7(a) loans are the most common path for beauty salons financing acquiring a salon or suite business. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 25,737 loans on record across 1,626 lenders and a 17.8% historical charge off rate, beauty salons are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.