Beauty Salons acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 35 7(a) loans to buy an existing business classified as Beauty Salons in Florida, totaling $26.1M. The median loan was $500,000. That is 1.0% of the 3,624 acquisition loans in Florida.
Terms signed in the LOI shape the purchase agreement that follows.
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How this compares
The median Beauty Salons loan in Florida is 33% lower than the $751,700 median for all Florida acquisitions, and 73% higher 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 5.7% of seasoned Florida acquisition loans of any type.
Beauty Salons acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.6M | $515,500 | |
| FY2019 | 10 | $8.1M | $974,500 | |
| FY2020 | 5 | $3.6M | $635,000 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 2 | $512K | $255,800 | |
| FY2023 | 4 | $2M | $374,000 | |
| FY2024 | 3 | $5.1M | $1,492,800 | |
| FY2025 | 5 | $3.9M | $298,500 | |
| FY2026 | 3 | $1.2M | $420,000 |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in Florida 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.
The purchase agreement decides what you bought, not the loan approval.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Bank of America, National Association | 4 | 11.4% | $4.3M | |
| 2 | SouthState Bank, National Association | 4 | 11.4% | $3.4M | |
| 3 | BayFirst National Bank | 4 | 11.4% | $2.3M | |
| 4 | Stearns Bank National Association | 4 | 11.4% | $1.8M | |
| 5 | Celtic Bank Corporation | 2 | 5.7% | $5.8M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Smartstyle | 8 | 22.9% | $6.4M | |
| 2 | Supercuts | 8 | 22.9% | $6.2M |
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Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Florida run?
The median SBA 7(a) loan was $500,000 across 35 loans (FY2018 to FY2026), with the middle half between $266,750 and $1,077,500. 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 Florida?
Bank of America, National Association (4), SouthState Bank, National Association (4), BayFirst National Bank (4), Stearns Bank National Association (4), Celtic Bank Corporation (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Beauty Salons acquisition loans fail in Florida?
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 Florida?
18 of the 35 loans (51%) involved a franchise brand, most often Smartstyle (8).
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Florida acquisitions
- Beauty Salons nationally
- Beauty Salons in Texas
- 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 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.