Beauty Salons acquisitions in Texas: SBA loan data
Since FY2018, SBA lenders have approved 50 7(a) loans to buy an existing business classified as Beauty Salons in Texas, totaling $23.3M. The median loan was $317,350. That is 1.2% of the 4,080 acquisition loans in Texas.
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How this compares
The median Beauty Salons loan in Texas is 64% lower than the $870,000 median for all Texas acquisitions, and 10% higher than the $288,600 median for Beauty Salons acquisitions nationwide (444 loans).
On losses, 3.5% of seasoned Beauty Salons loans in Texas were charged off, 28% lower than the 4.8% rate for all Texas acquisitions, and 12% higher than the 3.1% rate for the industry nationally.
Beauty Salons acquisition loans in Texas by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 7 | $2.6M | $189,000 | |
| FY2019 | 11 | $4.2M | $245,000 | |
| FY2020 | 7 | $4.2M | $700,000 | |
| FY2021 | 4 | $1.5M | $325,750 | |
| FY2022 | 0 | $0 | - | |
| FY2023 | 6 | $2.6M | $187,500 | |
| FY2024 | 1 | $225K | $225,000 | |
| FY2025 | 7 | $3.8M | $625,500 | |
| FY2026 | 7 | $4.2M | $440,000 |
How often do these acquisition loans fail?
Of the 29 Beauty Salons in Texas acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 3.5% by loan count and 4.4% by dollars. 15 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Beauty Salons in Texas is in line with the acquisition-loan average. 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 | Live Oak Banking Company | 6 | 12.0% | $3.4M | |
| 2 | Frost Bank | 4 | 8.0% | $1.7M | |
| 3 | Stearns Bank National Association | 4 | 8.0% | $646K | |
| 4 | Port 51 Lending LLC | 3 | 6.0% | $2.4M | |
| 5 | BankUnited, National Association | 3 | 6.0% | $2.3M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Smartstyle | 8 | 16.0% | $3.7M | |
| 2 | Supercuts | 3 | 6.0% | $1.2M | |
| 3 | Amazing Lash Studio | 2 | 4.0% | $1.7M | |
| 4 | Radiant Waxing | 2 | 4.0% | $1.2M | |
| 5 | Great Clips | 1 | 2.0% | $1.4M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do SBA loans for Beauty Salons acquisitions in Texas run?
The median SBA 7(a) loan was $317,350 across 50 loans (FY2018 to FY2026), with the middle half between $181,500 and $694,225. 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 Texas?
Live Oak Banking Company (6), Frost Bank (4), Stearns Bank National Association (4), Port 51 Lending LLC (3), BankUnited, National Association (3). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Beauty Salons acquisition loans fail in Texas?
3.5% of 29 seasoned loans (FY2018 to FY2021) were charged off, against 3.5% 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 Texas?
22 of the 50 loans (44%) involved a franchise brand, most often Smartstyle (8).
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Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.