Beauty Salons acquisitions in Ohio: SBA loan data
Since FY2018, SBA lenders have approved 23 7(a) loans to buy an existing business classified as Beauty Salons in Ohio, totaling $5.7M. The median loan was $147,000. That is 1.3% of the 1,821 acquisition loans in Ohio.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
How this compares
The median Beauty Salons loan in Ohio is 73% lower than the $549,000 median for all Ohio acquisitions, and 49% 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 1.9% of seasoned Ohio acquisition loans of any type.
Beauty Salons acquisition loans in Ohio by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.4M | $298,500 | |
| FY2019 | 4 | $1.5M | $320,250 | |
| FY2020 | 3 | $1.2M | $468,600 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 0 | $0 | - | |
| FY2024 | 9 | $1.4M | $50,000 | |
| FY2025 | 1 | $60K | $60,100 | |
| FY2026 | 2 | $228K | $113,750 |
How often do these acquisition loans fail?
Fewer than 20 Beauty Salons in Ohio 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.
That draft favors the seller. We review it for the buyer, line by line.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 13 | 56.5% | $3M | |
| 2 | Live Oak Banking Company | 2 | 8.7% | $1.3M | |
| 3 | Valley Economic Development Partners, Inc. | 2 | 8.7% | $188K | |
| 4 | Columbia Bank | 1 | 4.3% | $469K | |
| 5 | The State Bank and Trust Company | 1 | 4.3% | $310K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Smartstyle | 4 | 17.4% | $1.5M | |
| 2 | Supercuts | 1 | 4.3% | $447K |
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 Ohio run?
The median SBA 7(a) loan was $147,000 across 23 loans (FY2018 to FY2026), with the middle half between $55,050 and $457,800. 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 Ohio?
The Huntington National Bank (13), Live Oak Banking Company (2), Valley Economic Development Partners, Inc. (2), Columbia Bank (1), The State Bank and Trust Company (1). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Beauty Salons acquisition loans fail in Ohio?
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 Ohio?
7 of the 23 loans (30%) involved a franchise brand, most often Smartstyle (4).
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All Ohio acquisitions
- Beauty Salons nationally
- Beauty Salons in Texas
- Beauty Salons in Florida
- Beauty Salons in Pennsylvania
- Beauty Salons in Wisconsin
- Beauty Salons in Massachusetts
- Beauty Salons in New Jersey
- Beauty Salons in Indiana
- Hotels and Motels in Ohio
- Limited-Service Restaurants in Ohio
- Full-Service Restaurants in Ohio
- Offices of Dentists in Ohio
- Plumbing, Heating, and Air-Conditioning Contractors in Ohio
- Offices of Certified Public Accountants in Ohio
- General Automotive Repair in Ohio
- Child Care Services in Ohio
Small samples move a lot: each loan in this combination is 4% of the count. Industry is the NAICS code the lender recorded. See the methodology.