The beauty salon record in Worcester

From FY2017 to FY2026, Worcester had 31 SBA-approved beauty salon loans worth $4.4 million. Worcester, for beauty salon, ranks 51 of 546 in the area ranking. Within Worcester, beauty salon ranks 6 of 39. Worcester's quotient is 1.11x: beauty salon above the national share.

Worcester size and franchise status

The median Worcester loan is $55,000; $25,000 to $138,000 holds the middle half. Worcester stands at 0.55x against the national class median. Worcester loans run below the national middle. Worcester shows no 7(a) count. Worcester shows no 504 count either. Worcester: too few loans back either count. Worcester prints no franchise share. Too few Worcester loans support one. Worcester loans run smaller, so Worcester overruns weigh more.

Worcester: lenders and counties

Holder in Worcester: UniBank for Savings, 8 loans, $174,000, SBA 7(a). Listed Worcester names are current holders, per SBA. Worcester rows speak to files, not requirements. Worcester borrowers see holders, not lenders. Worcester has one county, Worcester County, MA, with all 31 loans.

Worcester years, floors and coding limits

Few Worcester years print. Worcester shows 8 loans, $645,300, in FY2017. Other Worcester years stay blank on thin counts. Worcester blanks are silence, never zero, and Worcester treats FY2026 as complete. Worcester floors follow Loan Analytics' own rule. That Worcester cohort holds fewer than 30 loans. The Worcester cohort covers FY2017 to FY2021 disbursements. So Worcester prints no cancellation floor. So Worcester prints no charge-off floor. Worcester's blank floor is no zero. Worcester borrowers learn little from it. Any Worcester rate that prints is a floor. Worcester borders come from the July 2023 list. Worcester places each loan by project county. Worcester drops loans with unplaceable counties.

Worcester: beauty salon feasibility questions

Worcester beauty salon requests start from the $55,000 median, a first yardstick in Worcester. A beauty salon study in Worcester starts with chairs: how many a space holds, how full they run, and what each produces in a week. In Worcester, the choice between employed stylists and rented chairs changes both payroll and control of the client base. A Worcester lender will ask for the lease, since rent is the largest fixed cost of a business with modest equipment needs. Daniel Smith, MAI, signs each Worcester study. Worcester demand and cost come first. In Worcester, coverage follows, then the appraisal. No Worcester approval is promised by any study.

SBA beauty salon loans in the Worcester, MA Metro Area

Loans approved, FY2017 to FY2026	31
Gross dollars approved	$4.4 million
Median loan	$55,000
Middle half of loans, from	$25,000
Middle half of loans, to	$138,000
SBA 7(a) loans	withheld
SBA 504 loans	withheld
Franchise share of loans	withheld
Rank among metro and micro areas for beauty salon loans	51 of 546
Rank of beauty salon among the classes in this area	6 of 39
Location quotient (share of loans against the national share)	1.11x
Median loan against the national median for the class	0.55x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	not reported: fewer than 30 loans in the cohort
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	not reported: fewer than 30 loans in the cohort

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA beauty salon loans approved in the Worcester, MA Metro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	8	$645,300
FY2018	withheld	withheld
FY2019	withheld	withheld
FY2020	withheld	withheld
FY2021	withheld	withheld
FY2022	withheld	withheld
FY2023	withheld	withheld
FY2024	withheld	withheld
FY2025	withheld	withheld
FY2026	withheld	withheld

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
UniBank for Savings	8	$174,000

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Worcester County, MA	31

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-49340-C38.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a beauty salon project in the Worcester, MA Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Beauty Salon Feasibility Study in the Worcester, MA Metro Area