Top Banks for Beauty Salon SBA Loans

 

  find me a beauty salon lender

Last annual update: Jan 30, 2022

If your dream is to open a hair salon, now might be one of the best times to do it. According to a report from the Professional Beauty Association, the salon industry is growing. Since the recession, the industry has rebounded and analysts expect continued growth for at least the next five years. So, to help you start your new venture, here is our top banks for beauty salon loans:

RankBankCityState# of LoansAvg Loan $Avg Interest
1The Huntington National BankColumbusOH101$95,6985.7%
2U.S. BankCincinnatiOH64$169,4725.8%
3Wells FargoSioux FallsSD47$117,9048.0%
4TD BankWilmingtonDE38$54,5768.7%
5Newtek Small Business FinanceLake SuccessNY33$291,5556.4%
6M&TBuffaloNY32$82,1476.9%
7Live OakWilmingtonNC20$791,8506.4%
8BancorpSouth BankTupeloMS19$238,8265.9%
9Customers BankPhoenixvillePA17$296,2065.4%
10Eastern BankBostonMA17$55,1294.9%

  find me a beauty salon lender