Posts tagged SBA 7(a) Salon Loans
SBA 7(a) Loans for Beauty Salons

Right now, there are about 82,000 beauty salons in the U.S., generating approximately $20 billion in revenue each year. From 2006-2015, beauty salons across the country took out more than 9,000 SBA 7(a) loans, with a total loan amount of more than $1 billion, and an average loan size of around $110,000. 7(a) loans are attractive to salon owners for a variety of reasons, including the fact that they can be used for both working capital, equipment, and commercial real estate, and that they can be easier to acquire than traditional bank loans.

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