Best SBA 7(a) lenders for nail salons
NAICS 812113 — Nail Salons.
1,490 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $344.7M.
Loans
1,490
Total $
$344.7M
Avg loan
$231K
Avg rate
9.81%
Avg term
118 mo
Industry chg-off rate
2.69%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 123 | $8.5M | $69K | 9.33% | 6.12% |
| 2 | The Huntington National Bank | 110 | $12.6M | $115K | 8.95% | 3.92% |
| 3 | TD Bank, National Association | 90 | $3.6M | $40K | 11.23% | 8.11% |
| 4 | Readycap Lending, LLC | 83 | $18.3M | $221K | 11.95% | 0.00% |
| 5 | Northeast Bank | 73 | $8.7M | $119K | 10.97% | 0.00% |
| 6 | Newtek Bank, National Association | 73 | $20.2M | $277K | 11.32% | 0.00% |
| 7 | BayFirst National Bank | 65 | $10.7M | $165K | 11.78% | 0.00% |
| 8 | Wells Fargo Bank National Association | 60 | $4.7M | $79K | 11.27% | 0.00% |
| 9 | Cadence Bank | 50 | $13.4M | $268K | 9.11% | 4.00% |
| 10 | Bank of Hope | 35 | $6.0M | $172K | 8.89% | 5.26% |
| 11 | New Millennium Bank | 33 | $10.2M | $308K | 7.30% | 0.00% |
| 12 | PNC Bank, National Association | 31 | $4.5M | $146K | 9.81% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 27 | $1.6M | $58K | 10.29% | 20.00% |
| 14 | Byline Bank | 26 | $24.2M | $932K | 8.90% | 0.00% |
| 15 | JPMorgan Chase Bank, National Association | 25 | $2.3M | $92K | 12.52% | 0.00% |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 812113. Charge-off rates are calculated on the FY2020–FY2023 cohort only.