Best Beauty Salons & Spas SBA Lenders of 2026

Compare the top 198 SBA lenders for Beauty Salons & Spas businesses. $203.9M funded in 2025. Average rate 10.59%. Get matched free.

Table of Contents

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:

RankLenderVolumeLoansAvg Rate
1 Northeast Bank$15.7M12410.94%
2 The Huntington National Bank$14.2M889.72%
3 Newtek Bank, National Association$12.4M6211.16%
4 Celtic Bank Corporation$9.5M3710.72%
5 Live Oak Banking Company$6.1M109.62%
6 Manufacturers and Traders Trust Company$5.7M7811.31%
7 U.S. Bank, National Association$5.2M7610.05%
8 Readycap Lending, LLC$5.0M5513.25%
9 Unity Bank$5.0M19.25%
10 Port 51 Lending LLC$3.5M49.81%
11 First Bank of the Lake$3.1M611.13%
12 Wilmington Savings Fund Society FSB$3.0M69.83%
13 BayFirst National Bank$3.0M2412.02%
14 KeyBank National Association$2.9M1810.66%
15 Wells Fargo Bank National Association$2.7M2611.56%
16 VelocitySBA, LLC$2.6M410.06%
17 PNC Bank, National Association$2.6M128.98%
18 Stock Yards Bank & Trust Company$2.5M27.50%
19 TD Bank, National Association$2.3M5610.68%
20 Atlantic Union Bank$2.3M210.25%
21 Bank of Oak Ridge$2.3M29.50%
22 NewBank$2.3M29.25%
23 Evolve Bank and Trust$2.2M110.00%
24 Truliant FCU$2.2M410.31%
25 Alliance Catholic CU$2.2M19.50%
26 Lendistry SBLC, LLC$2.0M1412.57%
27 Zions Bank, A Division of$2.0M2010.11%
28 Alerus Financial, National Association$1.9M48.63%
29 Harvest Small Business Finance, LLC$1.9M310.25%
30 Mission Valley Bank$1.8M210.50%
31 United Midwest Savings Bank National Association$1.7M310.42%
32 Bank of America, National Association$1.7M48.20%
33 First Business Bank$1.7M29.00%
34 Wintrust Bank National Association$1.6M17.50%
35 American Bank of Freedom$1.6M19.50%
36 The Bancorp Bank National Association$1.5M28.13%
37 CDC Small Business Finance Corp.$1.4M710.54%
38 Commonwealth Business Bank$1.4M29.00%
39 Milestone Bank$1.4M110.25%
40 JPMorgan Chase Bank, National Association$1.4M1312.64%
41 First Commonwealth Bank$1.4M410.06%
42 SouthState Bank, National Association$1.3M49.50%
43 Encore Bank$1.2M39.58%
44 Grasshopper Bank National Association$1.2M311.42%
45 b1BANK$1.2M210.00%
46 First-Citizens Bank & Trust Company$1.1M29.50%
47 ConnectOne Bank$1.1M29.63%
48 AMPAC Tri-State CDC, Inc.$1.0M812.56%
49 Texas Capital Bank$995K17.75%
50 CenTrust Bank, A Division of SmartBiz Bank National Associat$974K511.65%

🚀 Best Lenders for Beauty Salons & Spas Startups

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

RankLenderStartup VolumeLoansAvg Rate
1 The Huntington National Bank$9.3M489.81%
2 First Bank of the Lake$2.5M39.83%
3 Atlantic Union Bank$2.3M210.25%
4 Port 51 Lending LLC$2.3M29.88%
5 Wells Fargo Bank National Association$2.2M2411.79%
6 KeyBank National Association$2.0M1010.71%
7 Manufacturers and Traders Trust Company$2.0M2711.24%
8 Celtic Bank Corporation$1.9M310.00%
9 Northeast Bank$1.4M2011.06%
10 Live Oak Banking Company$1.4M39.66%

🔄 Best Lenders for Beauty Salons & Spas Acquisitions

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

RankLenderAcquisition VolumeLoansAvg Rate
1 Celtic Bank Corporation$2.8M19.50%
2 Live Oak Banking Company$2.1M39.58%
3 Wintrust Bank National Association$1.6M17.50%
4 Milestone Bank$1.4M110.25%
5 Bank of Oak Ridge$1.2M19.75%
6 The Huntington National Bank$1.1M39.33%
7 Truliant FCU$895K310.25%
8 Wilmington Savings Fund Society FSB$877K29.88%
9 VelocitySBA, LLC$825K19.75%
10 Encore Bank$808K29.63%

🏢 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:

RankLenderVolumeLoansAvg Rate
1 Northeast Bank$14.2M10410.92%
2 Newtek Bank, National Association$11.2M5211.16%
3 Unity Bank$5.0M19.25%
4 U.S. Bank, National Association$4.7M619.94%
5 Celtic Bank Corporation$4.7M3210.84%
6 Readycap Lending, LLC$4.0M5313.37%
7 The Huntington National Bank$3.8M379.64%
8 Manufacturers and Traders Trust Company$3.1M4711.41%
9 Live Oak Banking Company$2.5M49.62%
10 Stock Yards Bank & Trust Company$2.5M27.50%

Top States for Beauty Salons & Spas SBA Loans

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

RankStateVolumeLoans
1 Texas$28.3M94
2 California$18.1M97
3 New Jersey$14.4M49
4 Florida$13.3M65
5 New York$12.9M80
6 Colorado$10.5M41
7 Michigan$9.8M40
8 Pennsylvania$7.0M40
9 Illinois$6.6M40
10 Virginia$6.4M33
11 Georgia$6.4M24
12 Ohio$5.8M44
13 North Carolina$5.8M24
14 Arizona$5.8M26
15 Indiana$3.7M15
16 Massachusetts$3.7M40
17 Minnesota$3.6M17
18 Missouri$3.5M11
19 Washington$3.5M24
20 Utah$3.2M16
21 Maryland$3.1M29
22 Kentucky$2.6M6
23 Tennessee$2.5M13
24 Wisconsin$2.3M9
25 South Carolina$2.2M9
26 Connecticut$2.1M22
27 Oregon$1.7M19
28 Idaho$1.5M8
29 District of Columbia$1.4M5
30 Nebraska$1.3M7
31 Iowa$1.0M4
32 Oklahoma$1.0M5
33 Louisiana$963K7
34 Nevada$884K8
35 Mississippi$850K6
36 Kansas$842K7
37 North Dakota$774K2
38 Delaware$757K6
39 Alabama$645K4
40 Rhode Island$632K6
41 Puerto Rico$600K7
42 New Mexico$566K3
43 Maine$511K7
44 New Hampshire$444K6
45 Hawaii$233K4
46 Alaska$96K2
47 Vermont$55K2
48 West Virginia$38K1
49 South Dakota$27K1
50 Wyoming$15K1

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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Ishan Jetley

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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