Beauty Salons acquisitions in Connecticut: SBA loan data
Since FY2018, SBA lenders have approved 10 7(a) loans to buy an existing business classified as Beauty Salons in Connecticut, totaling $4.9M. The median loan was $90,500. That is 2.4% of the 416 acquisition loans in Connecticut.
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How this compares
The median Beauty Salons loan in Connecticut is 86% lower than the $625,000 median for all Connecticut acquisitions, and 69% lower than the $288,600 median for Beauty Salons acquisitions nationwide (444 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 3.1% of seasoned Beauty Salons acquisition loans were charged off, and 1.7% of seasoned Connecticut acquisition loans of any type.
Beauty Salons acquisition loans in Connecticut by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 0 | $0 | - | |
| FY2019 | 3 | $2.5M | $125,000 | |
| FY2020 | 2 | $783K | $391,500 | |
| FY2021 | 3 | $194K | $68,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 0 | $0 | - | |
| FY2026 | 2 | $1.4M | $707,500 |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in Connecticut acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 20.0% | $2.1M | |
| 2 | Beacon Bank and Trust | 1 | 10.0% | $2.3M | |
| 3 | KeyBank National Association | 1 | 10.0% | $125K | |
| 4 | Newtown Savings Bank | 1 | 10.0% | $100K | |
| 5 | Torrington Savings Bank | 1 | 10.0% | $81K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Supercuts | 1 | 10.0% | $2.3M | |
| 2 | Smartstyle | 1 | 10.0% | $735K |
That draft favors the seller. We review it for the buyer, line by line.
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Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Connecticut run?
The median SBA 7(a) loan was $90,500 across 10 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Beauty Salons acquisitions in Connecticut?
Live Oak Banking Company (2), Beacon Bank and Trust (1), KeyBank National Association (1), Newtown Savings Bank (1), Torrington Savings Bank (1).
How often do Beauty Salons acquisition loans fail in Connecticut?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Beauty Salons acquisitions in Connecticut?
2 of the 10 loans (20%) involved a franchise brand, most often Supercuts (1).
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Connecticut acquisitions
- Beauty Salons nationally
- Beauty Salons in Texas
- Beauty Salons in Florida
- Beauty Salons in Pennsylvania
- Beauty Salons in Ohio
- Beauty Salons in Wisconsin
- Beauty Salons in Massachusetts
- Beauty Salons in New Jersey
- Beauty Salons in Indiana
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Small samples move a lot: each loan in this combination is 10% of the count. Industry is the NAICS code the lender recorded. See the methodology.