Best SBA 7(a) lenders for nail salons
The top SBA 7(a) lenders for nail salons (NAICS 812113) are U.S. Bank, National Association, The Huntington National Bank, TD Bank, National Association, ranked by loan volume. Between FY2020 and Q1 FY2026 (2025-12-31), the SBA 7(a) program approved 1,490 loans totaling $344.7M to businesses in this industry. Average loan size: $231K. Average rate: 9.81%. Industry-wide charge-off rate (FY2020–FY2023 cohort): 2.69%.
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.