SBA lending data · fiscal year 2025
12 lenders funded beauty salons in Michigan last year
44 SBA 7(a) loans approved under NAICS 812112. Median approval $52,500, median term 120 months, median initial rate 10%.
What was actually approved
Half of all approvals in this industry and state fell between $24,625 and $150,000. A request well outside that band is not impossible — it draws more scrutiny on collateral and management experience.
The most active lenders
Ranked by how many loans each actually approved in this industry and state — not by advertising spend. A lender that has written twenty of these already knows the questions to ask.
- 1The Huntington National Bank29 loans · $2.2M
- 2Northeast Bank4 loans · $0.6M
- 3Newtek Bank, National Association2 loans · $0.2M
- 4Charlevoix State Bank1 loan · $0M
- 54Front Credit Union1 loan · $0.4M
- 6Milestone Bank1 loan · $1.4M
- 7Christian Financial CU1 loan · $0.5M
- 8Southern Michigan Bank & Trust1 loan · $0.2M
- 9Celtic Bank Corporation1 loan · $0.2M
- 10Alliance Catholic CU1 loan · $2.2M
- 11Oxford Bank1 loan · $0.6M
- 12Michigan Certified Development Corporation1 loan · $0.1M
This list is not a recommendation and these lenders have no relationship with this site. It reports approvals recorded in U.S. Small Business Administration, FOIA 7(a) and 504 loan approval data (data.sba.gov), fiscal year 2025, as of 2026-06-30.
Is this industry getting easier or harder to finance?
| Fiscal year | Loans | Lenders | Median approval |
|---|---|---|---|
| FY2023 | 27 | 9 | $60,000 |
| FY2024 | 37 | 14 | $50,000 |
| FY2025 | 44 | 12 | $52,500 |
Only completed fiscal years are shown. The SBA fiscal year ends 30 September; a partial year compared against full ones makes any industry look like it is closing.
Where this comes from
The SBA publishes every approved 7(a) and 504 loan under FOIA: the lender, the borrower's state, the industry code, the amount, the term and the initial rate. We indexed 4 fiscal years of it, alongside Census and BLS data. Figures on this page are as published on 2026-06-30.
This page reports approvals. It says nothing about how many applications were declined, and it is not a prediction about yours. This site is not affiliated with, endorsed by, or approved by the U.S. Small Business Administration.
Other industries in Michigan
- Full-Service Restaurants · 127 loans
- Limited-Service Restaurants · 93 loans
- Residential Remodelers · 78 loans
- General Freight Trucking, Local · 77 loans
- All Other Specialty Trade Contractors · 71 loans
- Landscaping Services · 69 loans
- Plumbing, Heating, and Air-Conditioning Contractors · 60 loans
- Beer, Wine, and Liquor Retailers · 50 loans
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