Industry
Beauty Salon & Spa Loans
We can help grow your spa or hair salon with an SBA loan
Home » Other Industries »
See If You Pre-Qualify for an SBA Salon & Spa Loan in 3 Minutes
Get the capital you need to fund your business
Fill in your info:
Top 5 SBA franchise loan lender*
+$600 million franchise loans funded
+$2 billion in SBA loans since 2020
+2,000 SBA loans funded since 2020
Staying competitive in the spa industry is a nonstop race as trends shift quickly
The spa industry moves at lightning speed, with trends and customer preferences evolving constantly. From the latest skincare treatments to wellness innovations, spas must keep up with rapid changes to stay relevant. Social media amplifies this, as beauty-conscious clients demand cutting-edge services and instant results. To remain competitive, spa owners need to invest in ongoing staff training, new technologies, and creative marketing strategies. New trends bring new revenue opportunities, but only for businesses agile enough to adapt quickly. Without innovation, even the most established spas risk falling behind in this fast-paced industry.
Medical spas grow and evolve with shifting customer demands and emerging trends
To capitalize on emerging growth opportunities, medical spas need to be agile in their approach, quickly adopting new trends, technologies, and services to meet customer expectations.
- US medical spa market is projected to reach $49.4 billion by 2030, growing by 14.97%
- Economic uncertainty will impact luxury purchases and medical spas need to plan ahead
One strategy is to invest in advanced technology and cutting-edge treatments that attract the modern, beauty-savvy consumer. For instance, investing in advanced equipment like laser treatments or non-invasive procedures not only attracts clients but also positions the business as a leader in the competitive aesthetics market. In addition, continuous staff training ensures high-quality service, encouraging client loyalty and referrals.
Financing these upgrades can be challenging, but the SBA loan program offers solutions. The SBA 7a loan provides flexible funding for expanding services or purchasing new equipment, while the 504 loan is ideal for larger investments like buying or upgrading facilities. First Bank of the Lake has made more than $1.1 billion in SBA loans to small businesses, including many medical related businesses. Let us help you to secure an SBA loan so your medical spa can confidently innovate and grow, even in a fluctuating economy.
Real business owners. Real results.
Woof Gang Bakery SBA Loan Case Study
After years in HR, Kasia followed her passion for animals and, with a $345K SBA loan from First Bank of the Lake, quickly launched her Woof Gang Bakery & Grooming franchise — already nearing breakeven just months in.
Tint World SBA Loan Case Study
After losing his wife, a friend, and his life savings, Dan Billings reinvented his life with a Tint World franchise — and with guidance and an SBA loan from First Bank of the Lake, his business is thriving and he’s already eyeing a second location.
Lifetime Green Coatings SBA Loan Case Study
Father and son duo Barry and Parker Norfleet launched six Lifetime Green Coatings franchises with a $400K SBA loan from First Bank of the Lake — quickly setting up operations and nearly breaking even within just three months.
What Our Customers Say
Gave Me the Confidence I Needed
Huge thanks to Tammy and Brandi. Tammy was my first point of contact and gave me the confidence I needed since there isn't a local branch near where I live. Brandi has been answering ALL my questions since and has excellent follow up and has taken great care of me.
— Michele Houston
Genuinely Interested in Helping My Business Succeed
First Bank of the Lake was a tremendous help in securing a 504 small business loan for my company. Every staff member I interacted with was professional, friendly, and genuinely interested in helping my business succeed.
— Don Kamb
Exceptional Service
I cannot say enough positive things about my experience working with Eric as my SBA loan officer. From start to finish, he provided exceptional service and went above and beyond to ensure that every issue we encountered was resolved quickly and efficiently.
— Bryan Crowe