Beauty Salons acquisitions in New Jersey: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as Beauty Salons in New Jersey, totaling $10.3M. The median loan was $412,500. That is 1.4% of the 1,130 acquisition loans in New Jersey.
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How this compares
The median Beauty Salons loan in New Jersey is 43% lower than the $719,500 median for all New Jersey acquisitions, and 43% 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 2.0% of seasoned New Jersey acquisition loans of any type.
Beauty Salons acquisition loans in New Jersey by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 1 | $150K | $150,000 | |
| FY2019 | 3 | $3.7M | $601,500 | |
| FY2020 | 4 | $2.3M | $469,450 | |
| FY2021 | 1 | $315K | $315,000 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 2 | $785K | $392,500 | |
| FY2024 | 1 | $150K | $150,000 | |
| FY2025 | 4 | $2.9M | $573,600 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in New Jersey 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Simmons Bank | 3 | 18.8% | $1.5M | |
| 2 | Wilmington Savings Fund Society FSB | 2 | 12.5% | $877K | |
| 3 | Bank of America, National Association | 1 | 6.3% | $2.5M | |
| 4 | Live Oak Banking Company | 1 | 6.3% | $1.6M | |
| 5 | Kearny Bank | 1 | 6.3% | $1.1M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Amazing Lash Studio | 3 | 18.8% | $1.5M | |
| 2 | Supercuts | 2 | 12.5% | $3.1M | |
| 3 | Hand and Stone Massage and Facial Spa | 1 | 6.3% | $380K |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in New Jersey run?
The median SBA 7(a) loan was $412,500 across 16 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 New Jersey?
Simmons Bank (3), Wilmington Savings Fund Society FSB (2), Bank of America, National Association (1), Live Oak Banking Company (1), Kearny Bank (1).
How often do Beauty Salons acquisition loans fail in New Jersey?
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 New Jersey?
7 of the 16 loans (44%) involved a franchise brand, most often Amazing Lash Studio (3).
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Related
- All New Jersey acquisitions
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- Beauty Salons in Indiana
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Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.