Nail Salons: SBA business acquisition loan data
143 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Nail Salons (NAICS 812113), totaling $74M. Median loan $320,000, 50% lower than the all-acquisition median. Annual volume fell 16% from FY2024 to FY2026.
Terms signed in the LOI shape the purchase agreement that follows.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $647,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.3% of all SBA-financed business purchases, ranking #66 of 300 industries tracked.
- Geography. Texas leads with 31 loans; the top five states account for 62% of the industry's acquisitions.
- Jobs. Lenders reported 2,112 jobs supported across these loans, about 14.8 per acquisition, a rough proxy for the size of business changing hands.
Nail Salons acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 14 | $4.6M | $267,000 | |
| FY2019 | 22 | $4.9M | $180,000 | |
| FY2020 | 12 | $2.8M | $165,000 | |
| FY2021 | 10 | $3.1M | $243,250 | |
| FY2022 | 17 | $10M | $619,000 | |
| FY2023 | 16 | $9.3M | $467,500 | |
| FY2024 | 19 | $8.9M | $423,900 | |
| FY2025 | 17 | $11.3M | $545,000 | |
| FY2026 | 16 | $19M | $892,550 |
How often do these acquisition loans fail?
Of the 58 Nail Salons acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 5.2% by loan count and 4.1% by dollars. 34 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Nail Salons is 47% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 31 | 21.7% | $31.1M | |
| 2 | New York | 19 | 13.3% | $5.8M | |
| 3 | New Jersey | 18 | 12.6% | $6.6M | |
| 4 | Colorado | 13 | 9.1% | $2.7M | |
| 5 | Arizona | 7 | 4.9% | $6.7M | |
| 6 | Florida | 7 | 4.9% | $2.5M | |
| 7 | Illinois | 7 | 4.9% | $1.3M | |
| 8 | Georgia | 5 | 3.5% | $2.7M | |
| 9 | California | 4 | 2.8% | $2.3M | |
| 10 | Connecticut | 3 | 2.1% | $1.5M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | New Millennium Bank | 23 | 16.1% | $7M | |
| 2 | Byline Bank | 11 | 7.7% | $9.9M | |
| 3 | Bank of Hope | 8 | 5.6% | $1.4M | |
| 4 | Hanmi Bank | 7 | 4.9% | $1.5M | |
| 5 | PCB Bank | 7 | 4.9% | $1.1M | |
| 6 | The Bank of Princeton | 5 | 3.5% | $1.3M | |
| 7 | The Huntington National Bank | 5 | 3.5% | $1.1M | |
| 8 | Live Oak Banking Company | 3 | 2.1% | $4.7M | |
| 9 | The Bancorp Bank National Association | 3 | 2.1% | $1.5M | |
| 10 | Stearns Bank National Association | 3 | 2.1% | $943K |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much is a typical SBA loan to buy a business in Nail Salons?
Median $320,000 across 143 acquisition loans (FY2018 to FY2026); the middle half ran $170,000 to $647,000. That is 50% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Nail Salons acquisitions?
New Millennium Bank (23), Byline Bank (11), Bank of Hope (8), Hanmi Bank (7), PCB Bank (7).
Are businesses in Nail Salons often franchised?
Rarely. Only 1% of acquisition loans in this industry involved a franchised business; most are independent operators.
How risky are SBA loans for buying a business in Nail Salons?
Of 58 seasoned loans (FY2018 to FY2021), 5.2% charged off, 47% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Nail Salons acquisitions?
Median term 10 years, average initial rate 8.23% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Seller note standby terms and third-party consents are reviewed before closing.
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