FranchiseRanked

Smartstyle

Personal Care & BeautySBA loans FY2020–FY2022

29

SBA Loans

$20.8M

Total Financed

$717K

Avg Loan Size

—

YoY Loan Growth

How Smartstyle Compares

  • Ranks #27 of 156 Personal Care & Beauty brands by SBA loan count (#378 of 3,543 overall).
  • Its average loan of $717K is 96% above the Personal Care & Beauty median of $366K.
  • Its 3.4% charge-off rate compares to a 1.5% average across all Personal Care & Beauty brands.

SBA Loan Activity by Fiscal Year

Fiscal YearLoansTotal Financed
FY202024$19.7M
FY20213$835K
FY20222$300K

FY2022 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.

Where Smartstyle Is Getting SBA-Financed

Ohio3 loans · $3.0MFlorida3 loans · $2.8MMaine3 loans · $1.2MTexas3 loans · $2.4MIndiana3 loans · $1.6MPennsylvania2 loans · $2.5MNorth Carolina2 loans · $625KArizona1 loan · $675KNew York1 loan · $300KNew Mexico1 loan · $508KMississippi1 loan · $265KOklahoma1 loan · $297KVirginia1 loan · $210KArkansas1 loan · $3.1MConnecticut1 loan · $735K

Recent SBA-Financed Smartstyle Locations

Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.

Kuber LLCATKINSON, NH
$50,0002022-06-28
Radiant One LLCAPEX, NC
$250,0002022-04-21
Smartstyle Hair Salons, Cost Cutters Famous Hair, Super CutsCARY, NC
$375,0002021-03-01
LNJ INVESTMENTS CORPORATIONCincinnati, OH
$150,0002020-12-21
Fight 6:12 Beauty, LLCFishers, IN
$309,5002020-11-04
PREMIER HAIR CARE LLCIRVING, TX
$775,0002020-09-17
Z2 Great Lakes Cosmetologists Organization, LLCELKHART, IN
$651,0002020-03-19
ARCNV INCLas Vegas, NV
$635,0002020-03-13
Daesian Venture Group, Inc.San Antonio, TX
$1,050,0002020-03-06
SmartStyleNEW CANAAN, CT
$735,0002020-02-21
T2 InvestorsCARIBOU, ME
$350,0002020-02-20
T2 InvestorsCARIBOU, ME
$350,0002020-02-18
SMARTSTYLECINCINNATI, OH
$2,200,0002020-02-12
New Image Concepts AR LLCROGERS, AR
$3,100,0002020-02-11
The Wardlow Group LLCGREENCASTLE, IN
$614,0002020-02-04
Gibbons Hair Salons LLC dba SMARTSTYLEWINCHESTER, VA
$210,0002020-01-09
SAGA STYLES INCLAWTON, OK
$297,0002020-01-08
DKAP ENTERPRISES, INC.Oxford, MS
$264,8002020-01-06
A&S NEW BRAUNFELS LLCNEW BRAUNFELS, TX
$594,5002019-12-18
SmartStyle Hair SalonsPHILADELPHIA, PA
$1,735,0002019-12-04
West Penn Salons LLCMOUNT PLEASANT, PA
$715,0002019-11-21
Panimor CorpOdessa, FL
$1,380,0002019-11-14
Loblolly, LLCCarlsbad, NM
$508,0002019-11-14
Kuber LLCBRUNSWICK, ME
$485,0002019-11-06
Guvya Salons LLCFISHKILL, NY
$300,0002019-10-23

Frequently Asked Questions

Is Smartstyle growing or shrinking?

Smartstyle doesn't have enough SBA loan activity in both FY2021 and FY2022 to calculate a reliable year-over-year trend. For context, it ranks #27 of 156 Personal Care & Beauty brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.

How much does it cost to open a Smartstyle franchise?

We don't have that figure -- investment ranges and fees come from a franchisor's Franchise Disclosure Document (FDD), which this site doesn't parse (see methodology). The average SBA loan size of $717K (96% above the typical Personal Care & Beauty brand's $366K) is a rough proxy, but SBA loans often cover only part of total investment.

What's the SBA loan default rate for Smartstyle?

1 of 29 SBA loans to Smartstyle franchisees (3.4%) have been charged off since FY2020, compared to 1.5% across all Personal Care & Beauty brands.

Explore More

More Personal Care & Beauty brands Most financed franchises

Top SBA Lenders

  • Live Oak Banking Company16
  • SouthState Bank, National Association3
  • Lake Michigan CU2
  • Stearns Bank National Association2
  • Western Commerce Bank1
Planning to finance a personal care & beauty purchase?

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Source: SBA 7(a) FOIA loan dataset. View dataset