Beauty Salons acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 31 7(a) loans to buy an existing business classified as Beauty Salons in Pennsylvania, totaling $10.9M. The median loan was $155,600. That is 1.8% of the 1,765 acquisition loans in Pennsylvania.
Seller note standby terms and third-party consents are reviewed before closing.
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How this compares
The median Beauty Salons loan in Pennsylvania is 71% lower than the $535,000 median for all Pennsylvania acquisitions, and 46% lower than the $288,600 median for Beauty Salons acquisitions nationwide (444 loans).
On losses, none of the 25 seasoned Beauty Salons loans in Pennsylvania were charged off, against the 2.1% rate for all Pennsylvania acquisitions, and against the 3.1% rate for the industry nationally.
Beauty Salons acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $550K | $100,000 | |
| FY2019 | 2 | $204K | $101,750 | |
| FY2020 | 17 | $6.8M | $405,000 | |
| FY2021 | 3 | $1.5M | $434,500 | |
| FY2022 | 1 | $115K | $115,000 | |
| FY2023 | 2 | $1M | $517,750 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $640K | $320,000 | |
| FY2026 | 1 | $156K | $155,600 |
How often do these acquisition loans fail?
Of the 25 Beauty Salons in Pennsylvania acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 19 have already been paid in full.
For comparison, Beauty Salons in Pennsylvania has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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 | Customers Bank | 14 | 45.2% | $4.3M | |
| 2 | Live Oak Banking Company | 2 | 6.5% | $2.5M | |
| 3 | Beacon Bank and Trust | 2 | 6.5% | $500K | |
| 4 | First Commonwealth Bank | 2 | 6.5% | $466K | |
| 5 | The Huntington National Bank | 2 | 6.5% | $256K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | LORDS & LADIES | 14 | 45.2% | $4.3M | |
| 2 | Smartstyle | 2 | 6.5% | $2.5M | |
| 3 | Great Clips | 1 | 3.2% | $842K |
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsSBA-financed deals. All 50 states.
Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $155,600 across 31 loans (FY2018 to FY2026), with the middle half between $40,250 and $593,500. 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 Pennsylvania?
Customers Bank (14), Live Oak Banking Company (2), Beacon Bank and Trust (2), First Commonwealth Bank (2), The Huntington National 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 Pennsylvania?
Of 25 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Beauty Salons acquisitions in Pennsylvania?
17 of the 31 loans (55%) involved a franchise brand, most often LORDS & LADIES (14).
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
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Related
- All Pennsylvania acquisitions
- Beauty Salons nationally
- Beauty Salons in Texas
- Beauty Salons in Florida
- Beauty Salons in Ohio
- Beauty Salons in Wisconsin
- Beauty Salons in Massachusetts
- Beauty Salons in New Jersey
- Beauty Salons in Indiana
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Small samples move a lot: each loan in this combination is 3% of the count. Industry is the NAICS code the lender recorded. See the methodology.