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SBA Lenders for Personal Care (Salons, Spas)
Top lenders ranked by real SBA lending data for personal care (salons, spas) nationwide.
What Borrowers Should Know
Personal care SBA loans carry a 24 basis point pricing advantage over the national median (P+2.51% vs P+2.75%). With 4,134 deals across 369 active lenders, this industry has genuine competition driving rates down—your salon or spa can shop for better terms than many other small businesses.
The top 5 lenders control 1,712 of 4,134 deals (41%). If you're denied by Wells Fargo or U.S. Bank, you still have 364 other lenders to approach. However, the sharp drop-off after the top tier suggests availability may tighten outside major banks—start conversations early and consider smaller regional lenders.
California dominates with 2,535 deals (61% of the total), while the next four states combined account for only 1,568 deals. If you're located outside the West/Mountain region, you're in less-saturated lending territory, which could mean less standardized pricing but also potentially slower processing and fewer competing offers.
Total SBA Loans
27,649
Active Lenders
1,646
Avg Deal Size
$227K
Total Volume
$6.3B
Personal Care (Salons, Spas) SBA loans average $227K in deal size across 27,649 total loans. The median 7(a) spread in this segment is P + 2.43%.
Top Lenders for Personal Care (Salons, Spas)
Ranked by total deal count nationwide.
| # | Lender | Type | Deals | Avg Size | Spread | |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | Bank | 2,323 | $159K | P + 2.41%AVERAGE | |
| 2 | Wells Fargo Bank National Association | Bank | 1,856 | $160K | P + 3.05%ABOVE AVG | |
| 3 | U.S. Bank, National Association | Bank | 1,499 | $95K | P + 2.32%AVERAGE | |
| 4 | JPMorgan Chase Bank, National Association | Bank | 1,078 | $129K | P + 2.67%AVERAGE | |
| 5 | TD Bank, National Association | Bank | 1,041 | $53K | P + 2.75%AVERAGE | |
| 6 | Simmons Bank | Bank | 1,010 | $277K | P + 2.44%AVERAGE | |
| 7 | Manufacturers and Traders Trust Company | Bank | 816 | $88K | P + 2.58%AVERAGE | |
| 8 | PNC Bank, National Association | Bank | 513 | $142K | P + 2.21%GOOD | |
| 9 | Stearns Bank National Association | Bank | 506 | $237K | P + 2.70%AVERAGE | |
| 10 | Eastern Bank | Bank | 487 | $66K | P + 2.04%GOOD | |
| 11 | Readycap Lending, LLC | Non-Bank | 448 | $163K | P + 4.12%HIGH | |
| 12 | Northeast Bank | Bank | 425 | $104K | P + 2.88%ABOVE AVG | |
| 13 | Newtek Bank, National Association | Bank | 424 | $263K | P + 3.40%ABOVE AVG | |
| 14 | BayFirst National Bank | Bank | 379 | $184K | P + 3.41%ABOVE AVG | |
| 15 | KeyBank National Association | Bank | 334 | $193K | P + 2.52%AVERAGE |
Top States for Personal Care (Salons, Spas)
Where personal care (salons, spas) SBA lending is most active.