Best SBA 7(a) lenders for beauty salons
The top SBA 7(a) lenders for beauty salons (NAICS 812112) are The Huntington National Bank, U.S. Bank, National Association, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 5,033 loans totaling $1.05B to businesses in this industry. Average loan size: $208K. Average rate: 9.38%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.81%.
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.