SBA loans for barbershop or hair salon businesses
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
Barber Shops (NAICS 812111)
489loans approved
$50,000median loan
$25K–$184Kmiddle half of loans
$88.2Mtotal approved
11%median initial rate
10 yrsmedian term
Borrowers reported 4,425 jobs created or retained.
17.2% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 65 | $45,000 |
| Texas | 34 | $153,000 |
| Florida | 28 | $50,000 |
| New York | 28 | $25,000 |
| Massachusetts | 27 | $50,000 |
| Pennsylvania | 26 | $50,000 |
| Ohio | 24 | $52,500 |
| New Jersey | 17 | $25,000 |
| Illinois | 16 | $143,000 |
| Minnesota | 15 | $50,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 71 | $50,000 | $11.5M |
| U.S. Bank, National Association | 60 | $25,000 | $2.5M |
| TD Bank, National Association | 46 | $25,000 | $1.1M |
| Readycap Lending, LLC | 28 | $32,000 | $2.6M |
| Manufacturers and Traders Trust Company | 24 | $25,000 | $2.2M |
| Northeast Bank | 22 | $48,600 | $1.8M |
| Keybank National Association | 16 | $373,000 | $5.3M |
| Wells Fargo Bank National Association | 13 | $15,000 | $1.8M |
| Newtek Bank, National Association | 13 | $55,000 | $903K |
Beauty Salons (NAICS 812112)
2,629loans approved
$75,000median loan
$30K–$225Kmiddle half of loans
$519.9Mtotal approved
11%median initial rate
10 yrsmedian term
Borrowers reported 22,183 jobs created or retained.
8.1% of these loans went to franchise locations.
Loan sizes
States with the most loans
| State | Loans | Median |
|---|---|---|
| California | 259 | $51,700 |
| Texas | 205 | $150,000 |
| New York | 196 | $50,000 |
| Florida | 182 | $100,000 |
| Ohio | 126 | $50,000 |
| Pennsylvania | 112 | $50,000 |
| New Jersey | 110 | $60,000 |
| Massachusetts | 98 | $50,000 |
| Illinois | 92 | $74,000 |
| Michigan | 89 | $55,000 |
Most active lenders
| Lender | Loans | Median | Total |
|---|---|---|---|
| The Huntington National Bank | 273 | $50,000 | $44.9M |
| U.S. Bank, National Association | 230 | $25,000 | $14.4M |
| Readycap Lending, LLC | 189 | $50,000 | $16.5M |
| Manufacturers and Traders Trust Company | 175 | $35,000 | $13.0M |
| TD Bank, National Association | 160 | $25,000 | $5.6M |
| Newtek Bank, National Association | 120 | $105,000 | $25.2M |
| Northeast Bank | 104 | $60,000 | $10.6M |
| Bayfirst National Bank | 68 | $136,050 | $9.6M |
| Celtic Bank Corporation | 66 | $115,100 | $14.6M |
| Lendistry Sblc, LLC | 60 | $82,600 | $7.0M |
Planning one? Read how to start a barbershop or hair salon business and model payments with the loan calculator.
What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.