BlogRankingIndustryBest Beauty Salons & Spas SBA Lenders of 2026

Best Beauty Salons & Spas SBA Lenders of 2026

February 2, 2026
Industry, Ranking
5 min read

Best Beauty Salons & Spas & Spas SBA Lenders of 2026

$203.9M
Total Funded

1,037
Loans Approved

$197K
Avg Loan Size

10.59%
Avg Interest Rate

198
Active Lenders

SBA Loans for Beauty Salons & Spas Businesses

The Beauty Salons & Spas industry received $203.9M in SBA 7(a) loans across 1,037 businesses in 2025. With 198 lenders actively funding this industry, finding the right bank can make a significant difference in your rates and approval odds.

Working with an experienced SBA loan broker who understands the Beauty Salons & Spas industry can help you access lenders that specialize in your business type.

💡 Key Insight: The average SBA loan for Beauty Salons & Spas businesses is $197K with an average rate of 10.59%. Lenders who specialize in this industry often offer better terms and faster approvals.

SBA Loans by Business Type

Here’s how SBA 7(a) loans break down for Beauty Salons & Spas businesses by business stage:

🚀 Startups
29%
$60.5M • 300 loans

🏢 Existing Businesses
66%
$122.3M • 687 loans

🔄 Business Acquisitions
5%
$21.0M • 49 loans

Top 50 SBA Lenders for Beauty Salons & Spas (2025)

These are the banks that funded the most SBA 7(a) loan volume to Beauty Salons & Spas businesses, ranked by total volume:

Rank Lender Volume Loans Avg Rate
1 Northeast Bank $15.7M 124 10.94%
2 The Huntington National Bank $14.2M 88 9.72%
3 Newtek Bank, National Association $12.4M 62 11.16%
4 Celtic Bank Corporation $9.5M 37 10.72%
5 Live Oak Banking Company $6.1M 10 9.62%
6 Manufacturers and Traders Trust Company $5.7M 78 11.31%
7 U.S. Bank, National Association $5.2M 76 10.05%
8 Readycap Lending, LLC $5.0M 55 13.25%
9 Unity Bank $5.0M 1 9.25%
10 Port 51 Lending LLC $3.5M 4 9.81%
11 First Bank of the Lake $3.1M 6 11.13%
12 Wilmington Savings Fund Society FSB $3.0M 6 9.83%
13 BayFirst National Bank $3.0M 24 12.02%
14 KeyBank National Association $2.9M 18 10.66%
15 Wells Fargo Bank National Association $2.7M 26 11.56%
16 VelocitySBA, LLC $2.6M 4 10.06%
17 PNC Bank, National Association $2.6M 12 8.98%
18 Stock Yards Bank & Trust Company $2.5M 2 7.50%
19 TD Bank, National Association $2.3M 56 10.68%
20 Atlantic Union Bank $2.3M 2 10.25%
21 Bank of Oak Ridge $2.3M 2 9.50%
22 NewBank $2.3M 2 9.25%
23 Evolve Bank and Trust $2.2M 1 10.00%
24 Truliant FCU $2.2M 4 10.31%
25 Alliance Catholic CU $2.2M 1 9.50%
26 Lendistry SBLC, LLC $2.0M 14 12.57%
27 Zions Bank, A Division of $2.0M 20 10.11%
28 Alerus Financial, National Association $1.9M 4 8.63%
29 Harvest Small Business Finance, LLC $1.9M 3 10.25%
30 Mission Valley Bank $1.8M 2 10.50%
31 United Midwest Savings Bank National Association $1.7M 3 10.42%
32 Bank of America, National Association $1.7M 4 8.20%
33 First Business Bank $1.7M 2 9.00%
34 Wintrust Bank National Association $1.6M 1 7.50%
35 American Bank of Freedom $1.6M 1 9.50%
36 The Bancorp Bank National Association $1.5M 2 8.13%
37 CDC Small Business Finance Corp. $1.4M 7 10.54%
38 Commonwealth Business Bank $1.4M 2 9.00%
39 Milestone Bank $1.4M 1 10.25%
40 JPMorgan Chase Bank, National Association $1.4M 13 12.64%
41 First Commonwealth Bank $1.4M 4 10.06%
42 SouthState Bank, National Association $1.3M 4 9.50%
43 Encore Bank $1.2M 3 9.58%
44 Grasshopper Bank National Association $1.2M 3 11.42%
45 b1BANK $1.2M 2 10.00%
46 First-Citizens Bank & Trust Company $1.1M 2 9.50%
47 ConnectOne Bank $1.1M 2 9.63%
48 AMPAC Tri-State CDC, Inc. $1.0M 8 12.56%
49 Texas Capital Bank $995K 1 7.75%
50 CenTrust Bank, A Division of SmartBiz Bank National Associat $974K 5 11.65%

🚀 Best Lenders for Beauty Salons & Spas Startups

Starting a new beauty salons business? These lenders funded the most startup loans in this industry:

Rank Lender Startup Volume Loans Avg Rate
1 The Huntington National Bank $9.3M 48 9.81%
2 First Bank of the Lake $2.5M 3 9.83%
3 Atlantic Union Bank $2.3M 2 10.25%
4 Port 51 Lending LLC $2.3M 2 9.88%
5 Wells Fargo Bank National Association $2.2M 24 11.79%
6 KeyBank National Association $2.0M 10 10.71%
7 Manufacturers and Traders Trust Company $2.0M 27 11.24%
8 Celtic Bank Corporation $1.9M 3 10.00%
9 Northeast Bank $1.4M 20 11.06%
10 Live Oak Banking Company $1.4M 3 9.66%

🔄 Best Lenders for Beauty Salons & Spas Acquisitions

Looking to buy an existing beauty salons business? These lenders specialize in acquisition financing:

Rank Lender Acquisition Volume Loans Avg Rate
1 Celtic Bank Corporation $2.8M 1 9.50%
2 Live Oak Banking Company $2.1M 3 9.58%
3 Wintrust Bank National Association $1.6M 1 7.50%
4 Milestone Bank $1.4M 1 10.25%
5 Bank of Oak Ridge $1.2M 1 9.75%
6 The Huntington National Bank $1.1M 3 9.33%
7 Truliant FCU $895K 3 10.25%
8 Wilmington Savings Fund Society FSB $877K 2 9.88%
9 VelocitySBA, LLC $825K 1 9.75%
10 Encore Bank $808K 2 9.63%

🏢 Best Lenders for Existing Beauty Salons & Spas Businesses

Already running an established beauty salons business? These lenders have funded the most loans to existing businesses in your industry:

Rank Lender Volume Loans Avg Rate
1 Northeast Bank $14.2M 104 10.92%
2 Newtek Bank, National Association $11.2M 52 11.16%
3 Unity Bank $5.0M 1 9.25%
4 U.S. Bank, National Association $4.7M 61 9.94%
5 Celtic Bank Corporation $4.7M 32 10.84%
6 Readycap Lending, LLC $4.0M 53 13.37%
7 The Huntington National Bank $3.8M 37 9.64%
8 Manufacturers and Traders Trust Company $3.1M 47 11.41%
9 Live Oak Banking Company $2.5M 4 9.62%
10 Stock Yards Bank & Trust Company $2.5M 2 7.50%

Top States for Beauty Salons & Spas SBA Loans

Here are the states with the highest SBA lending volume for Beauty Salons & Spas businesses:

Rank State Volume Loans
1 Texas $28.3M 94
2 California $18.1M 97
3 New Jersey $14.4M 49
4 Florida $13.3M 65
5 New York $12.9M 80
6 Colorado $10.5M 41
7 Michigan $9.8M 40
8 Pennsylvania $7.0M 40
9 Illinois $6.6M 40
10 Virginia $6.4M 33
11 Georgia $6.4M 24
12 Ohio $5.8M 44
13 North Carolina $5.8M 24
14 Arizona $5.8M 26
15 Indiana $3.7M 15
16 Massachusetts $3.7M 40
17 Minnesota $3.6M 17
18 Missouri $3.5M 11
19 Washington $3.5M 24
20 Utah $3.2M 16
21 Maryland $3.1M 29
22 Kentucky $2.6M 6
23 Tennessee $2.5M 13
24 Wisconsin $2.3M 9
25 South Carolina $2.2M 9
26 Connecticut $2.1M 22
27 Oregon $1.7M 19
28 Idaho $1.5M 8
29 District of Columbia $1.4M 5
30 Nebraska $1.3M 7
31 Iowa $1.0M 4
32 Oklahoma $1.0M 5
33 Louisiana $963K 7
34 Nevada $884K 8
35 Mississippi $850K 6
36 Kansas $842K 7
37 North Dakota $774K 2
38 Delaware $757K 6
39 Alabama $645K 4
40 Rhode Island $632K 6
41 Puerto Rico $600K 7
42 New Mexico $566K 3
43 Maine $511K 7
44 New Hampshire $444K 6
45 Hawaii $233K 4
46 Alaska $96K 2
47 Vermont $55K 2
48 West Virginia $38K 1
49 South Dakota $27K 1
50 Wyoming $15K 1

Top Cities for Beauty Salons & Spas SBA Loans

Dallas, Tx

$5.6M
Volume

11
Loans

Chester, Nj

$5.0M
Volume

1
Loans

New York, Ny

$3.2M
Volume

19
Loans

Coral Gables, Fl

$2.8M
Volume

1
Loans

Plano, Tx

$2.7M
Volume

3
Loans

Shelbyville, Ky

$2.5M
Volume

2
Loans

Minneapolis, Mn

$2.5M
Volume

4
Loans

Raleigh, Nc

$2.4M
Volume

5
Loans

Los Angeles, Ca

$2.4M
Volume

8
Loans

Chicago, Il

$2.3M
Volume

18
Loans

Hurst, Tx

$2.3M
Volume

2
Loans

Katonah, Ny

$2.3M
Volume

2
Loans

Saint Clair Shores, Mi

$2.2M
Volume

1
Loans

Denver, Co

$2.0M
Volume

14
Loans

Saint Louis, Mo

$2.0M
Volume

3
Loans

Suwanee, Ga

$2.0M
Volume

4
Loans

🤝 Why Use an SBA Broker for Beauty Salons & Spas Loans?

GoSBA Loans has extensive experience financing Beauty Salons & Spas businesses:

  • Industry expertise — we know which lenders specialize in Beauty Salons & Spas
  • Access to 198+ lenders — including banks that don’t accept direct applications
  • Better rates — our relationships help secure competitive terms
  • Faster approvals — proper preparation leads to quicker decisions
  • Free service — lenders pay us, you pay nothing extra

📞 Get Expert Help with Your Beauty Salons & Spas SBA Loan

Our team specializes in SBA financing for Beauty Salons & Spas businesses. Let us match you with the right lender for your specific needs.

Need SBA financing for your Beauty Salons & Spas business? GoSBA Loans specializes in SBA loans for Beauty Salons & Spas businesses. Contact our industry specialists today for a free consultation.

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http://gosbaloans.com

Ishan Jetley is the owner of GoSBA Loans. I have assisted 100's of businesses with their business loans. I specialize in SBA financing for working capital, real estate and business acquisitions.

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