SBA 504 Beauty Salon Feasibility Study in Indiana
What SBA's own loan files show about SBA 504 lending to beauty salon projects in Indiana, and what a feasibility study for an SBA 504 loan there has to test.
What Indiana adds to the national beauty salon picture
Set beside the country, Indiana contributes 27 SBA 504 loans for beauty salon projects, $9.9 million overall, FY2017 to FY2026. In Indiana the class stands 7 of 39, and Indiana itself ranks 5 among states for beauty salon. The $188,000 median is 0.81x of the beauty salon median nationwide under SBA 504, so Indiana sits below what beauty salon tickets show elsewhere. In Indiana, half of beauty salon loans fall from $116,000 to $616,000, and franchising marks 0.00% of Indiana beauty salon loans.
The beauty salon holder table and map for Indiana
Premier Capital Corporation tops the Indiana beauty salon holder list on 8 loans and $3.3 million; Community Development Corporation of Fort Wayne (6 loans, $3.2 million) is second in Indiana; Regional Development Company (6 loans, $2.5 million) is third. Indiana names follow SBA's current-holder field. Allen County, 4 loans, Lake County, 3 loans, Porter County, 3 loans, Delaware County, 2 loans and Elkhart County, 2 loans: those are the leading Indiana beauty salon places.
Year-by-year volume in Indiana
The Indiana beauty salon record opens at 6 loans and $1.2 million in FY2017, peaks at 6 loans ($1.2 million) in FY2017, and Indiana closes the series at 3 loans and $1.4 million in FY2026.
Floors for beauty salon lenders to read
The Indiana beauty salon cancellation rate is held back: beauty salon approvals are too few, so this Indiana page offers no beauty salon figure for it. For Indiana beauty salon loans, no Indiana charge-off rate is shown for beauty salon funded FY2017 to FY2021: the Indiana cohort is under the threshold, and for beauty salon that is not zero.
Indiana salons financed under SBA 504
It is unusual for a salon to be financed under SBA 504, which funds real estate and equipment, so the Indiana study must justify owning the building: trade area, visibility, competing salons, chair capacity and the stylist model. Set the project against the $188,000 median, show coverage through a slow client build, and describe what the building would earn if leased to another tenant.
Indiana salons: nothing blurs the class
Salons have a code of their own with no caveat attached, while the Indiana loss rate is withheld, so the study must carry its own downside case.
SBA 504 beauty salon loans in Indiana
| Loans approved, FY2017 to FY2026 | 27 |
|---|---|
| Gross dollars approved | $9.9 million |
| Median loan | $188,000 |
| Middle half of loans, from | $116,000 |
| Middle half of loans, to | $616,000 |
| Franchise share of loans | 0.00% |
| Rank among states for SBA 504 beauty salon loans, by number of loans | 5 |
| Rank of beauty salon among classes in Indiana | 7 of 39 |
| Median loan against the national SBA 504 median for the class | 0.81x |
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 504 beauty salon loans approved in Indiana, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 6 | $1.2 million |
| FY2018 | 1 | $104,000 |
| FY2019 | 2 | $1.1 million |
| FY2020 | 1 | $198,000 |
| FY2021 | 2 | $314,000 |
| FY2022 | 3 | $521,000 |
| FY2023 | 3 | $1.2 million |
| FY2024 | 4 | $3.1 million |
| FY2025 | 2 | $719,000 |
| FY2026 | 3 | $1.4 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Premier Capital Corporation | 8 | $3.3 million |
| Community Development Corporation of Fort Wayne | 6 | $3.2 million |
| Regional Development Company | 6 | $2.5 million |
Where the loans are, by county
| County | Loans |
|---|---|
| ALLEN | 4 |
| LAKE | 3 |
| PORTER | 3 |
| DELAWARE | 2 |
| ELKHART | 2 |
| HAMILTON | 2 |
| ST JOSEPH | 2 |
| ADAMS | 1 |
| BARTHOLOMEW | 1 |
| DEARBORN | 1 |
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics loan-outcome cell SAP-IN-C38-504.
Related feasibility study pages
- Indiana feasibility studies for SBA and USDA loans
- Beauty salon feasibility study company
- Beauty Salon Feasibility Study in Indiana
- SBA 504 Beauty Salon Feasibility Study
- SBA 7(a) Beauty Salon Feasibility Study in Indiana
- Feasibility studies for SBA 7(a) and 504 loans
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a beauty salon project in Indiana, 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.
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