The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC
3
SBA Loans
$1.3M
Total Financed
$433K
Avg Loan Size
—
YoY Loan Growth
How The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC Compares
- Ranks #41 of 72 Education & Training brands by SBA loan count (#1,804 of 3,543 overall).
- Its average loan of $433K is 179% above the Education & Training median of $156K.
- With only 3 loans on record, its own charge-off rate isn't statistically meaningful -- for context, Education & Training brands overall see a 2.6% charge-off rate across 731 loans.
SBA Loan Activity by Fiscal Year
| Fiscal Year | Loans | Total Financed |
|---|---|---|
| FY2021 | 1 | $750K |
| FY2022 | 1 | $150K |
| FY2023 | 1 | $400K |
FY2023 may be a partial year -- the SBA dataset is refreshed quarterly and the most recent fiscal year is often incomplete.
Where The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC Is Getting SBA-Financed
Recent SBA-Financed The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC Locations
Borrower names and amounts as reported in the SBA's public 7(a) loan dataset.
Frequently Asked Questions
Is The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC growing or shrinking?
The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC doesn't have enough SBA loan activity in both FY2022 and FY2023 to calculate a reliable year-over-year trend. For context, it ranks #41 of 72 Education & Training brands by total SBA loan count since FY2020 -- a snapshot of scale, if not of trend.
How much does it cost to open a The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC 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 $433K (179% above the typical Education & Training brand's $156K) is a rough proxy, but SBA loans often cover only part of total investment.
What's the SBA loan default rate for The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC?
The Salon Professional Academy , Elevate Salon Institute and, Powered by SPEC only has 3 SBA loans on record -- too few to calculate a meaningful charge-off rate on its own. For context, Education & Training brands overall see a 2.6% charge-off rate across 731 loans.
Top SBA Lenders
- Christian Financial CU2
- Farmers & Merchants Bank1
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Source: SBA 7(a) FOIA loan dataset. View dataset