Franchise brands › Hand and Stone Massage and Facial Spa
Franchise brand123 approvals since FY2015
SBA loans to Hand and Stone Massage and Facial Spa franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA lists 123 loan approvals since FY2015 under the Hand and Stone Massage and Facial Spa franchise brand, worth $70.0M; 57 of them came in FY2021 to FY2025.
In FY2025 there were 14, up 8% on FY2024. The average approval in the five-year window was $598K.
25 lenders made the FY2021 to FY2025 loans across 19 states; the most active were The Huntington National Bank (8), Capital One National Association (4) and Happen Bank (4).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 2.7% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 4 | $2.9M | $731K | 0 | 250 |
| FY2025 | 14 | $10.7M | $764K | 0 | 539 |
| FY2024 | 13 | $7.5M | $576K | 0 | 289 |
| FY2023 | 4 | $2.3M | $579K | 0 | 100 |
| FY2022 | 8 | $4.6M | $574K | 0 | 165 |
| FY2021 | 18 | $9.0M | $498K | 0 | 356 |
| FY2020 | 16 | $10.4M | $653K | 0 | 442 |
| FY2019 | 29 | $15.5M | $534K | 0 | 933 |
| FY2018 | 14 | $5.7M | $405K | 0 | 274 |
| FY2017 | 1 | — | — | 0 | 10 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "Hand and Stone Massage and Facial Spa". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Hand and Stone Massage and Facial Spa | All SBA loans |
|---|---|---|
| Approvals in these years | 80 | 725,496 |
| Cancelled or never disbursed | 6 | 91,827 |
| Disbursed loans | 74 | 633,669 |
| Paid in full | 46 | 471,304 |
| Charged off | 2 | 37,796 |
| Still outstanding (status exempt from disclosure) | 26 | 124,569 |
| Charged off, share of disbursed loans | 2.7% | 6.0% |
| Dollars charged off, share of disbursed dollars | 1.5% | 2.2% |
| Dollars charged off | $598K | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 8 | $2.8M | 14.0% | |
| 2 | Capital One National AssociationMcLean, VA | 4 | $3.7M | 7.0% | |
| 3 | Happen BankLehi, UT | 4 | $2.1M | 7.0% | |
| 4 | The Bancorp Bank National AssociationSioux Falls, SD | 3 | $3.7M | 5.3% | |
| 5 | Peapack Private Bank and TrustBedminster, NJ | 3 | $2.6M | 5.3% | |
| 6 | Customers BankMalvern, PA | 3 | $1.4M | 5.3% | |
| 7 | Northwest BankWarren, PA | 3 | $699K | 5.3% | |
| 8 | FWBankChicago, IL | 2 | — | 3.5% | |
| 9 | KeyBank National AssociationCleveland, OH | 2 | — | 3.5% | |
| 10 | TowneBankPortsmouth, VA | 2 | — | 3.5% | |
| 11 | Tioga-Franklin Savings BankPhiladelphia, PA | 2 | — | 3.5% | |
| 12 | Firstrust Savings BankConshohocken, PA | 2 | — | 3.5% | |
| 13 | Banner BankWalla Walla, WA | 2 | — | 3.5% | |
| 14 | Northeast BankLewiston, ME | 2 | — | 3.5% | |
| 15 | T Bank, National AssociationDallas, TX | 1 | — | 1.8% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | New Jersey | 10 | 17.5% | |
| 2 | Texas | 8 | 14.0% | |
| 3 | North Carolina | 6 | 10.5% | |
| 4 | Florida | 6 | 10.5% | |
| 5 | Pennsylvania | 4 | 7.0% | |
| 6 | Colorado | 2 | 3.5% | |
| 7 | California | 2 | 3.5% | |
| 8 | Virginia | 2 | 3.5% | |
| 9 | Illinois | 2 | 3.5% | |
| 10 | New York | 2 | 3.5% | |
| 11 | Ohio | 2 | 3.5% | |
| 12 | Louisiana | 2 | 3.5% | |
| 13 | Kansas | 2 | 3.5% | |
| 14 | Washington | 2 | 3.5% | |
| 15 | South Carolina | 1 | 1.8% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 44 | 77.2% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 7 | 12.3% | |
| 3 | Other Personal ServicesNAICS 8129 | 6 | 10.5% |
Approval sizes
- $50,000 or less7.0%4
- $50,001 to $150,0007.0%4
- $150,001 to $350,00014.0%8
- $350,001 to $1 million64.9%37
- $1 million to $2 million5.3%3
- Over $2 million1.8%1
Age of the businesses
- Existing, more than 2 years old19.3%11
- New business, 2 years or less14.0%8
- Startup, loan funds will open the business63.2%36
- Change of ownership3.5%2
Questions and answers
How many SBA loans go to Hand and Stone Massage and Facial Spa franchises?
123 approvals since FY2015, worth $70.0M; 57 in FY2021 to FY2025.
Which lenders make SBA loans for Hand and Stone Massage and Facial Spa franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (8), Capital One National Association (4), Happen Bank (4), The Bancorp Bank National Association (3), Peapack Private Bank and Trust (3).
How large is a typical SBA loan for a Hand and Stone Massage and Facial Spa franchise?
The average approval in FY2021 to FY2025 was $598K.
What share of Hand and Stone Massage and Facial Spa SBA loans are charged off?
Of 74 disbursed loans approved in FY2010 to FY2021, 2 (2.7%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Hand and Stone Massage and Facial Spa franchises rising?
Approvals in the three latest complete fiscal years total 31, against 42 in the three before: falling (-26%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error