SBA Loans for Med Spas & Health Practitioners
7,476 SBA loans have funded med spas & health practitioners nationwide, averaging $276K across 914 active SBA lenders, at an average note rate of 8.0%. SBA 7(a) loans up to $5M fund acquiring a med spa or aesthetics practice and lasers, injectables inventory, and treatment 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 med spa.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 621399), 2000 to present.
7,476
SBA Loans Funded
$276K
Average Loan
8.0%
Avg Note Rate
11 yrs
Avg Term
914
Active Lenders
11.3%
Charge Off Rate (resolved loan basis)
What med spas & health practitioners use SBA loans for
Where med spas & health practitioners get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 997 | $338.9M |
| Florida | 603 | $230.5M |
| Texas | 588 | $188.7M |
| New York | 465 | $131.9M |
| Arizona | 269 | $92.7M |
Talk to PeerSense about SBA capital for a med spa.
Tell us your loan amount and use of funds. PeerSense sources capital for a med spa, anywhere in the US.
SBA 7(a) / 504, Med Spas & Health Practitioners: The desk will reach out. No obligation.
How med spas & health practitioners qualify for an SBA loan
SBA 7(a) loans are the most common path for med spas & health practitioners financing acquiring a med spa or aesthetics practice. 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 7,476 loans on record across 914 lenders and a 11.3% historical charge off rate, med spas & health practitioners 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.