Beauty Salon Feasibility Study in the Oklahoma City, OK Metro Area

Beauty salons in the Oklahoma City area

A location quotient of 0.99x and a median-loan ratio of 1.00x make the Oklahoma City, OK area's beauty salon record almost exactly average for the class: salons take just the national share of local loans, and the usual loan is the national size. The class comes 7 of 39 locally and 51 of 546 nationally. Across FY2017 to FY2026 SBA approved 31 loans worth $5.9 million for salons here. Nothing in the ratios sets the area apart, and this page is better read as a description of what salon lending looks like here than as an argument that it differs from elsewhere.

What the typical loan looks like

The median loan is $100,000, and the middle half runs from $67,500 to $291,900, a narrow and low range that fits chair-and-station packages and small storefront fit-outs. A franchise brand is attached to 16.1% of the loans. Program counts and county counts are withheld. BancFirst heads the 7(a) holder list with 7 loans, $1.7 million in all, and Arvest Bank follows with 5 loans and $825,300.

Two years print: FY2022 with 7 loans and $919,800, and FY2024 with 6 loans and $595,400. The dollars per loan are small, which fits the median. The remaining years go unlisted for want of loans, which does not make them empty. The cancellation and charge-off rates cannot be given either, since a published rate rests on a base of 30 loans or more, and the Oklahoma City salon base is smaller.

What a salon study here has to test

A salon is a small business whose revenue follows its stylists, so a study should test whether the plan relies on owner-operators, booth renters or employees, and what happens to the client base if a key stylist leaves. It has to price the build-out and equipment against a typical loan of $100,000, include licensing and insurance, and show the debt payment still being met in a quiet first year once the owner has drawn pay. A lender will look for evidence that clients will follow the stylist to a new address. Membership of the area follows project county on the July 2023 list.