SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Nail Salons turned out?

Of 3,428 loans approved in fiscal 2001 to 2021 (at least five years old), 754 (22.0%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Nail Salons appears on 4,591 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $647.8 million 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.
Nail SalonsIndustry NAICS 812113 · 4,591 loans
22%of seasoned loans charged off
  1. Nail Salons appears on 4,591 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $647.8 million in gross approvals.
  2. Of 3,428 loans approved in fiscal 2001 to 2021 (at least five years old), 754 (22.0%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
  3. 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.
0%48%Fiscal 2001: 5 of 37 loans charged off (13.5%)Fiscal 2002: 15 of 80 loans charged off (18.8%)Fiscal 2003: 31 of 127 loans charged off (24.4%)Fiscal 2004: 38 of 167 loans charged off (22.8%)Fiscal 2005: 84 of 280 loans charged off (30.0%)Fiscal 2006: 125 of 316 loans charged off (39.6%)Fiscal 2007: 153 of 322 loans charged off (47.5%)Fiscal 2008: 119 of 263 loans charged off (45.2%)Fiscal 2009: 31 of 102 loans charged off (30.4%)Fiscal 2010: 9 of 66 loans charged off (13.6%)Fiscal 2011: 3 of 73 loans charged off (4.1%)Fiscal 2012: 6 of 93 loans charged off (6.5%)Fiscal 2013: 5 of 108 loans charged off (4.6%)Fiscal 2014: 14 of 144 loans charged off (9.7%)Fiscal 2015: 18 of 190 loans charged off (9.5%)Fiscal 2016: 18 of 214 loans charged off (8.4%)Fiscal 2017: 21 of 204 loans charged off (10.3%)Fiscal 2018: 24 of 216 loans charged off (11.1%)Fiscal 2019: 21 of 210 loans charged off (10.0%)Fiscal 2020: 7 of 113 loans charged off (6.2%)Fiscal 2021: 7 of 103 loans charged off (6.8%)20012003200520072009201120132015201720192021
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 yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY200137$2.0 million325013.5%
FY200280$5.0 million6515018.8%
FY2003127$5.7 million9631024.4%
FY2004167$11.9 million12938022.8%
FY2005280$14.9 million19584130.0%
FY2006316$17.9 million189125239.6%
FY2007322$21.7 million167153247.5%
FY2008263$16.6 million144119045.2%
FY2009102$6.6 million7131030.4%
FY201066$5.0 million579013.6%
FY201173$12.1 million68324.1%
FY201293$9.4 million87606.5%
FY2013108$12.1 million100534.6%
FY2014144$16.9 million1241469.7%
FY2015190$17.5 million1681849.5%
FY2016214$26.6 million1911858.4%
FY2017204$28.5 million162212110.3%
FY2018216$43.9 million150244211.1%
FY2019210$40.9 million135215410.0%
FY2020113$23.2 million737336.2%
FY2021103$34.4 million497476.8%
FY2022110$29.6 million28577too recent for a share
FY2023209$47.7 million4312154too recent for a share
FY2024279$64.8 million243252too recent for a share
FY2025360$88.4 million253332too recent for a share
FY2026205$44.4 million40201too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2001 to 2021)Charged offShare
New York64019230.0%
New Jersey50919337.9%
Texas2645320.1%
California2255223.1%
Illinois1752112.0%
Florida1382618.8%
Massachusetts132118.3%
Ohio1231310.6%
Connecticut1143429.8%
Pennsylvania109109.2%
Colorado8356.0%
Georgia661319.7%

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.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

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