Of 17,922 loans approved in fiscal 2000 to 2021 (at least five years old), 3,019 (16.9%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Beauty Salons appears on 21,588 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.9 billion in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Beauty SalonsIndustry NAICS 812112 · 21,588 loans
17%of seasoned loans charged off
Beauty Salons appears on 21,588 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.9 billion in gross approvals.
Of 17,922 loans approved in fiscal 2000 to 2021 (at least five years old), 3,019 (16.9%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year
Every approval year
Approval year
Loans
Approved
Paid in full
Charged off
Not yet resolved
Charged-off share
FY2000
278
$28.3 million
256
22
0
7.9%
FY2001
587
$56.2 million
520
67
0
11.4%
FY2002
726
$75.3 million
637
86
3
11.8%
FY2003
1,082
$82.4 million
901
176
5
16.3%
FY2004
1,215
$106.6 million
989
221
5
18.2%
FY2005
1,490
$121.4 million
1,108
378
4
25.4%
FY2006
1,501
$105.9 million
1,014
478
9
31.8%
FY2007
1,585
$133.4 million
961
617
7
38.9%
FY2008
1,076
$109.3 million
747
313
16
29.1%
FY2009
505
$54.2 million
429
68
8
13.5%
FY2010
519
$57.1 million
471
39
9
7.5%
FY2011
598
$72.1 million
550
35
13
5.9%
FY2012
561
$72.4 million
517
32
12
5.7%
FY2013
598
$90.0 million
551
28
19
4.7%
FY2014
686
$101.1 million
616
47
23
6.9%
FY2015
785
$113.3 million
689
64
32
8.2%
FY2016
843
$126.8 million
695
86
62
10.2%
FY2017
854
$128.7 million
670
72
112
8.4%
FY2018
794
$138.4 million
554
99
141
12.5%
FY2019
685
$156.7 million
448
49
188
7.2%
FY2020
478
$116.2 million
271
26
181
5.4%
FY2021
476
$116.4 million
200
16
260
3.4%
FY2022
572
$123.8 million
122
38
412
too recent for a share
FY2023
719
$141.3 million
119
51
549
too recent for a share
FY2024
956
$173.4 million
86
15
855
too recent for a share
FY2025
904
$174.0 million
41
7
856
too recent for a share
FY2026
515
$129.4 million
4
0
511
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2000 to 2021)
Charged off
Share
California
1,700
446
26.2%
Texas
1,520
259
17.0%
New York
1,430
261
18.3%
Pennsylvania
881
110
12.5%
Ohio
869
103
11.8%
Massachusetts
838
81
9.7%
Florida
763
189
24.8%
Illinois
706
142
20.1%
New Jersey
682
143
21.0%
Michigan
546
95
17.4%
Wisconsin
538
63
11.7%
Minnesota
505
53
10.5%
US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.