SBA loans by business type
SBA Loans for Salons and Spas
SBA lenders funded 27,327 7(a) and 504 loans for salons and spas since FY2010 (2.6% of all SBA lending in the data), totaling $6.1B, an average of $224K per loan. The most active lender is The Huntington National Bank.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
These figures are computed from the SBA's public 7(a) and 504 funded-loan records for Personal Care Services (NAICS 8121). They cover funded loans, not applications, so a lender's activity here is a track-record signal — not a guarantee you will be approved. Among the 7(a) loans, the charge-off rate is 4.3% — a relative track-record signal, not a lifetime default rate (504 charge-offs are not reported in the SBA data); see our methodology. Estimate a payment with the SBA loan calculator, or check the basics with the eligibility checker.
Top SBA lenders in Other Services, the sector that includes salons and spas
Ranked by SBA loans funded across Other Services (NAICS 81), the full sector that contains Personal Care Services (NAICS 8121). The sector is broader than salons and spas alone, and sector level is the granularity our per-lender track-record data supports, so every figure below, including the 7(a) charge-off rate, is sector-wide, not specific to salons and spas. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in the sector shows “not reported,” never 0%. A lender active in your situation is a good place to start; talk to a few before you apply.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7,229 | $1.6B | $216K | 3.13% |
| 2 | Wells Fargo Bank National Association | 5,610 | $1.5B | $271K | 6.43% |
| 3 | U.S. Bank, National Association | 4,348 | $953.3M | $219K | 3.33% |
| 4 | JPMorgan Chase Bank, National Association | 2,896 | $475.6M | $164K | 6.01% |
| 5 | TD Bank, National Association | 2,821 | $320.1M | $113K | 8.65% |
| 6 | Manufacturers and Traders Trust Company | 2,327 | $243.9M | $105K | 4.81% |
| 7 | Live Oak Banking Company | 1,707 | $2.1B | $1.3M | 0.41% |
| 8 | PNC Bank, National Association | 1,681 | $339.6M | $202K | 5.59% |
| 9 | Celtic Bank Corporation | 1,490 | $881.0M | $591K | 11.95% |
| 10 | Northeast Bank | 1,340 | $193.9M | $145K | 2.76% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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Top states for salons and spas SBA loans
| State | Loans | Total volume |
|---|---|---|
| Texas | 2,423 | $716.4M |
| California | 2,523 | $681.6M |
| Florida | 1,663 | $431.3M |
| New York | 1,814 | $306.4M |
| Illinois | 1,056 | $277.6M |
| New Jersey | 1,055 | $251.1M |
| Georgia | 714 | $220.5M |
| Ohio | 1,422 | $220.2M |
| Colorado | 736 | $209.5M |
| Pennsylvania | 948 | $183.5M |
SBA lending for salons and spas by year
Funded SBA volume by approval fiscal year (FY2010–2026).
SBA loans for salons and spas: frequently asked questions
Can you get an SBA loan for salons and spas?
Yes. Lenders funded 27,327 SBA 7(a) and 504 loans for salons and spas in the public data (as of 2026-03-31), 2.6% of all SBA lending, totaling $6.1B.
How much is a typical SBA loan for salons and spas?
The average SBA loan for salons and spas is $224K, across 27,327 funded loans. Your amount depends on use of funds, cash flow, and the lender.
Which SBA lenders fund salons and spas?
The Huntington National Bank, Wells Fargo Bank National Association, Simmons Bank are among the most active SBA lenders for salons and spas by funded volume. A lender that regularly funds your situation is more likely to understand the deal.