Best SBA 7(a) lenders for beauty salons
NAICS 812112 — Beauty Salons.
5,033 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $1.05B.
Loans
5,033
Total $
$1.05B
Avg loan
$208K
Avg rate
9.38%
Avg term
127 mo
Industry chg-off rate
2.81%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 562 | $70.4M | $125K | 8.70% | 4.46% |
| 2 | U.S. Bank, National Association | 307 | $23.5M | $77K | 9.09% | 0.79% |
| 3 | TD Bank, National Association | 304 | $14.5M | $48K | 11.24% | 8.00% |
| 4 | Readycap Lending, LLC | 243 | $27.1M | $112K | 12.92% | 12.00% |
| 5 | Manufacturers and Traders Trust Company | 238 | $16.8M | $71K | 10.79% | 1.98% |
| 6 | Northeast Bank | 222 | $22.3M | $100K | 10.86% | 0.00% |
| 7 | Newtek Bank, National Association | 170 | $42.7M | $251K | 11.90% | 0.00% |
| 8 | Wells Fargo Bank National Association | 150 | $14.4M | $96K | 10.31% | 6.25% |
| 9 | BayFirst National Bank | 118 | $16.2M | $138K | 11.25% | 2.17% |
| 10 | Celtic Bank Corporation | 86 | $19.4M | $225K | 10.08% | 7.41% |
| 11 | Newtek Small Business Finance, Inc. | 86 | $30.4M | $354K | 8.45% | 1.16% |
| 12 | JPMorgan Chase Bank, National Association | 84 | $8.2M | $97K | 12.00% | 2.50% |
| 13 | PNC Bank, National Association | 79 | $11.9M | $151K | 9.86% | 7.55% |
| 14 | KeyBank National Association | 69 | $8.4M | $121K | 9.88% | 4.88% |
| 15 | Eastern Bank | 66 | $6.2M | $93K | 8.51% | 5.56% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 812112. Charge-off rates are calculated on the FY2020–FY2023 cohort only.