Best SBA 7(a) lenders for nail salons
NAICS 812113 — Nail Salons.
1,490 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $344.7M.
Loans
1,490
Total $
$344.7M
Avg loan
$231K
Avg rate
9.81%
Avg term
118 mo
Industry chg-off rate
2.69%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association | 123 | $8.5M | $69K | 9.33% | 6.12% |
| 2 | The Huntington National Bank | 110 | $12.6M | $115K | 8.95% | 3.92% |
| 3 | TD Bank, National Association | 90 | $3.6M | $40K | 11.23% | 8.11% |
| 4 | Readycap Lending, LLC | 83 | $18.3M | $221K | 11.95% | 0.00% |
| 5 | Northeast Bank | 73 | $8.7M | $119K | 10.97% | 0.00% |
| 6 | Newtek Bank, National Association | 73 | $20.2M | $277K | 11.32% | 0.00% |
| 7 | BayFirst National Bank | 65 | $10.7M | $165K | 11.78% | 0.00% |
| 8 | Wells Fargo Bank National Association | 60 | $4.7M | $79K | 11.27% | 0.00% |
| 9 | Cadence Bank | 50 | $13.4M | $268K | 9.11% | 4.00% |
| 10 | Bank of Hope | 35 | $6.0M | $172K | 8.89% | 5.26% |
| 11 | New Millennium Bank | 33 | $10.2M | $308K | 7.30% | 0.00% |
| 12 | PNC Bank, National Association | 31 | $4.5M | $146K | 9.81% | 0.00% |
| 13 | Manufacturers and Traders Trust Company | 27 | $1.6M | $58K | 10.29% | 20.00% |
| 14 | Byline Bank | 26 | $24.2M | $932K | 8.90% | 0.00% |
| 15 | JPMorgan Chase Bank, National Association | 25 | $2.3M | $92K | 12.52% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 812113. Charge-off rates are calculated on the FY2020–FY2023 cohort only.