Nail Salons acquisitions in New York: SBA loan data
Since FY2018, SBA lenders have approved 19 7(a) loans to buy an existing business classified as Nail Salons in New York, totaling $5.8M. The median loan was $300,000. That is 1.2% of the 1,530 acquisition loans in New York.
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How this compares
The median Nail Salons loan in New York is 48% lower than the $577,500 median for all New York acquisitions, and 6% lower than the $320,000 median for Nail Salons acquisitions nationwide (143 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.2% of seasoned Nail Salons acquisition loans were charged off, and 2.7% of seasoned New York acquisition loans of any type.
Nail Salons acquisition loans in New York by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.2M | $300,000 | |
| FY2019 | 2 | $375K | $187,500 | |
| FY2020 | 4 | $1.2M | $300,000 | |
| FY2021 | 2 | $350K | $175,000 | |
| FY2022 | 3 | $1.2M | $350,000 | |
| FY2023 | 2 | $375K | $187,500 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 1 | $450K | $450,000 | |
| FY2026 | 2 | $650K | $325,000 |
How often do these acquisition loans fail?
Fewer than 20 Nail Salons in New York 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 | New Millennium Bank | 11 | 57.9% | $3.3M | |
| 2 | The Bank of Princeton | 2 | 10.5% | $605K | |
| 3 | Bank of Hope | 2 | 10.5% | $375K | |
| 4 | CTBC Bank Corp. (USA) | 1 | 5.3% | $640K | |
| 5 | Metro City Bank | 1 | 5.3% | $450K |
Top franchise brands
No franchise brands recorded in this combination.
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Questions buyers ask
How much do SBA loans for Nail Salons acquisitions in New York run?
The median SBA 7(a) loan was $300,000 across 19 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 Nail Salons acquisitions in New York?
New Millennium Bank (11), The Bank of Princeton (2), Bank of Hope (2), CTBC Bank Corp. (USA) (1), Metro City Bank (1).
How often do Nail Salons acquisition loans fail in New York?
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 Nail Salons acquisitions in New York?
None of the 19 loans in this combination were recorded with a franchise brand.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All New York acquisitions
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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.