How much do SBA lenders typically lend to a nail salons business?

The median SBA approval in NAICS 812113 is $98,000, with the middle 80% of loans between $15,000 and $465,000. Across all industries the median is $180,000.

Which lenders are most active in nail salons?

By dollars approved: The Huntington National Bank, New Millennium Bank, Byline Bank, Wells Fargo Bank, Newtek Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is nail salons considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 812113 · Other Services

SBA loans for nail salons

3,457 SBA loans worth $660.7M have been approved in this industry since FY2010 - the #70 most-financed NAICS code in the country.

Median loan

$98,000

-46% vs all industries

Typical range

$15K-$465K

Middle 80%

Median rate

8.25%

7(a) initial note rate

Median term

10 yr

Charge-off rate

9.5%

vs 7.6% all industries

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Most active in this industry

Lender	Loans	Approved
The Huntington National Bank	270	$34.5M
New Millennium Bank	95	$32.5M
Byline Bank	35	$30.5M
Wells Fargo Bank	335	$30.1M
Newtek Bank	92	$23.8M
Bank of Hope	123	$23.4M
NewBank	78	$19.7M
Readycap Lending, LLC	92	$19.7M
U.S. Bank	278	$18.6M
BayFirst National Bank	98	$17.3M

Geography

Where these loans were made

State	Loans	Share
Texas	344
New York	330
California	268
New Jersey	256
Ohio	181
Massachusetts	180
Illinois	177
Florida	170

Approvals by fiscal year

’10

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Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
32%
$50K - $150K
29%
$150K - $350K
24%
$350K - $1M
13%
$1M - $2M
2%
Over $2M
0%

Nearby

Other other services industries

See the sector

General Automotive Repair16,083 · $190,000 Beauty Salons14,068 · $85,000 Other Personal Care Services7,830 · $175,000 All Other Personal Services7,488 · $144,000 Pet Care (except Veterinary) Services6,530 · $195,850 Car Washes5,876 · $773,000 Automotive Body, Paint, and Interior Repair and Maintenance5,872 · $240,000 Drycleaning and Laundry Services3,976 · $200,000

Common questions

How much do SBA lenders typically lend to a nail salons business?: The median SBA approval in NAICS 812113 is $98,000, with the middle 80% of loans between $15,000 and $465,000. Across all industries the median is $180,000.
Which lenders are most active in nail salons?: By dollars approved: The Huntington National Bank, New Millennium Bank, Byline Bank, Wells Fargo Bank, Newtek Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is nail salons considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.5% were charged off, versus 7.6% across all SBA lending. That is close to average.

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