Beauty Salons acquisitions in Indiana: SBA loan data
Since FY2018, SBA lenders have approved 15 7(a) loans to buy an existing business classified as Beauty Salons in Indiana, totaling $7.8M. The median loan was $242,500. That is 1.3% of the 1,158 acquisition loans in Indiana.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Beauty Salons loan in Indiana is 53% lower than the $521,250 median for all Indiana acquisitions, and 16% 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 3.1% of seasoned Indiana acquisition loans of any type.
Beauty Salons acquisition loans in Indiana by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $92K | $46,200 | |
| FY2019 | 1 | $560K | $559,600 | |
| FY2020 | 3 | $877K | $135,000 | |
| FY2021 | 2 | $647K | $323,500 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 3 | $4.3M | $938,000 | |
| FY2024 | 2 | $954K | $477,000 | |
| FY2025 | 2 | $293K | $146,250 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in Indiana 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 | Old National Bank | 4 | 26.7% | $1.2M | |
| 2 | Happen Bank | 2 | 13.3% | $3.6M | |
| 3 | The Huntington National Bank | 2 | 13.3% | $665K | |
| 4 | First Federal Savings Bank | 2 | 13.3% | $92K | |
| 5 | Stock Yards Bank & Trust Company | 1 | 6.7% | $771K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Great Clips | 2 | 13.3% | $3.6M | |
| 2 | Smartstyle | 2 | 13.3% | $1.2M | |
| 3 | Supercuts | 1 | 6.7% | $135K |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Indiana run?
The median SBA 7(a) loan was $242,500 across 15 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 Indiana?
Old National Bank (4), Happen Bank (2), The Huntington National Bank (2), First Federal Savings Bank (2), Stock Yards Bank & Trust Company (1).
How often do Beauty Salons acquisition loans fail in Indiana?
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 Indiana?
5 of the 15 loans (33%) involved a franchise brand, most often Great Clips (2).
The purchase agreement decides what you bought, not the loan approval.
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Related
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Small samples move a lot: each loan in this combination is 7% of the count. Industry is the NAICS code the lender recorded. See the methodology.