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Beauty Salons: SBA acquisition loans in Michigan
8 SBA-financed business acquisitions in Michigan classified as Beauty Salons, FY2024–FY2026. Median loan $554K. See which lenders did them.
- Acquisitions financed
- 8
- Total approved
- $4.5M
- Median loan
- $554K
- Middle half of loans
- $82K to $880K
- Median starting rate
- 9.00%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 8 recorded approvals in FY2024–FY2026. For a broader comparison, open the Michigan state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 4 | 50% | $765K | $2.5M |
| 2 | Milestone Bank | 1 | 12% | $1.4M | $1.4M |
| 3 | Citizens Bank, National Association | 1 | 12% | $459K | $459K |
| 4 | Michigan Certified Development Corporation | 1 | 12% | $85K | $85K |
| 5 | Old National Bank | 1 | 12% | $75K | $75K |
For comparison, the same industry nationwide: 142 loans, median $312K, median starting rate 9.75%. See Beauty Salons in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.