Beauty Salons: SBA acquisition lenders
142 SBA 7(a) loans financed acquisitions classified as Beauty Salons nationwide, FY2024–FY2026. Ranked lenders, loan sizes, rates and state-by-state activity.
- Acquisitions financed
- 142
- Total approved
- $78.8M
- Median loan
- $312K
- Middle half of loans
- $146K to $725K
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in this industry
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 21 | 15% | $136K | $5.5M |
| 2 | Live Oak Banking Company | 11 | 8% | $350K | $8.2M |
| 3 | BayFirst National Bank | 5 | 4% | $346K | $2.6M |
| 4 | Old National Bank | 5 | 4% | $150K | $1.3M |
| 5 | Port 51 Lending LLC | 4 | 3% | $692K | $3.0M |
| 6 | Manufacturers and Traders Trust Company | 4 | 3% | $135K | $642K |
| 7 | Celtic Bank Corporation | 3 | 2% | $2.8M | $6.7M |
| 8 | VelocitySBA, LLC | 3 | 2% | $1.5M | $6.0M |
| 9 | Bank of Oak Ridge | 3 | 2% | $1.2M | $3.9M |
| 10 | Encore Bank | 3 | 2% | $485K | $1.3M |
| 11 | Readycap Lending, LLC | 3 | 2% | $420K | $1.1M |
| 12 | Truliant FCU | 3 | 2% | $320K | $895K |
| 13 | Northwest Bank | 3 | 2% | $100K | $572K |
| 14 | Beacon Bank and Trust | 2 | 1% | $1.8M | $3.5M |
| 15 | Idaho Central CU | 2 | 1% | $948K | $1.9M |
Activity by state
| State | Loans | Median loan | Total approved |
|---|---|---|---|
| Texas | 16 | $431K | $8.5M |
| Florida | 12 | $542K | $11.3M |
| Ohio | 12 | $55K | $1.7M |
| California | 9 | $500K | $8.1M |
| Michigan | 8 | $554K | $4.5M |
| Illinois | 7 | $360K | $4.7M |
| Massachusetts | 6 | $276K | $5.8M |
| New Jersey | 6 | $335K | $3.3M |
| Maryland | 5 | $185K | $1.4M |
| Colorado | 4 | $1.1M | $6.5M |
| Virginia | 4 | $300K | $1.8M |
| Washington | 4 | $320K | $1.6M |
| Indiana | 4 | $196K | $1.2M |
| Wisconsin | 4 | $253K | $1.2M |
| Pennsylvania | 4 | $128K | $896K |
| New York | 3 | $350K | $1.3M |
| Missouri | 3 | $336K | $874K |
| Tennessee | 3 | $254K | $853K |
| Nevada | 3 | $331K | $702K |
| North Carolina | 2 | $1.4M | $2.8M |
| Idaho | 2 | $948K | $1.9M |
| Montana | 2 | $924K | $1.8M |
| Connecticut | 2 | $708K | $1.4M |
| Georgia | 2 | $388K | $777K |
| Nebraska | 2 | $156K | $313K |
| Delaware | 2 | $132K | $265K |
| New Hampshire | 2 | $80K | $160K |
| North Dakota | 1 | $817K | $817K |
| Louisiana | 1 | $738K | $738K |
| Kentucky | 1 | $717K | $717K |
| South Carolina | 1 | $390K | $390K |
| Utah | 1 | $250K | $250K |
| New Mexico | 1 | $130K | $130K |
| Minnesota | 1 | $109K | $109K |
| Oregon | 1 | $68K | $68K |
| Arizona | 1 | $58K | $58K |