Beauty Salons acquisitions in Massachusetts: SBA loan data
Since FY2018, SBA lenders have approved 20 7(a) loans to buy an existing business classified as Beauty Salons in Massachusetts, totaling $11.4M. The median loan was $164,750. That is 2.1% of the 963 acquisition loans in Massachusetts.
The purchase agreement decides what you bought, not the loan approval.
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How this compares
The median Beauty Salons loan in Massachusetts is 60% lower than the $410,000 median for all Massachusetts acquisitions, and 43% 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 3.2% of seasoned Massachusetts acquisition loans of any type.
Beauty Salons acquisition loans in Massachusetts by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $3.1M | $882,400 | |
| FY2019 | 1 | $172K | $172,000 | |
| FY2020 | 1 | $135K | $135,000 | |
| FY2021 | 4 | $675K | $125,000 | |
| FY2022 | 2 | $222K | $111,000 | |
| FY2023 | 2 | $1.3M | $649,750 | |
| FY2024 | 2 | $2.4M | $1,192,500 | |
| FY2025 | 3 | $593K | $157,500 | |
| FY2026 | 1 | $2.8M | $2,807,000 |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in Massachusetts 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 | Customers Bank | 2 | 10.0% | $2.5M | |
| 2 | Live Oak Banking Company | 2 | 10.0% | $2.4M | |
| 3 | Florence Bank | 2 | 10.0% | $212K | |
| 4 | Salem Five Cents Savings Bank | 2 | 10.0% | $207K | |
| 5 | The Cape Cod Five Cents Savings Bank | 2 | 10.0% | $125K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | European Wax Center | 1 | 5.0% | $600K |
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Massachusetts run?
The median SBA 7(a) loan was $164,750 across 20 loans (FY2018 to FY2026), with the middle half between $118,750 and $659,375. 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 Massachusetts?
Customers Bank (2), Live Oak Banking Company (2), Florence Bank (2), Salem Five Cents Savings Bank (2), The Cape Cod Five Cents Savings Bank (2). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Beauty Salons acquisition loans fail in Massachusetts?
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 Massachusetts?
2 of the 20 loans (10%) involved a franchise brand, most often European Wax Center (1).
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Related
- All Massachusetts acquisitions
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- Beauty Salons in Indiana
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Small samples move a lot: each loan in this combination is 5% of the count. Industry is the NAICS code the lender recorded. See the methodology.