How much do lenders finance for a Cherry Blow Dry Bar franchise?

The median SBA loan approved for a Cherry Blow Dry Bar franchise is $316,000, with the middle 80% of loans between $293,600 and $350,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Cherry Blow Dry Bar franchises?

By dollars approved, the most active SBA lenders for Cherry Blow Dry Bar have been First Bank, The Huntington National Bank, Ameris Bank, Stearns Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Cherry Blow Dry Bar SBA loans?

The median term is 10.3 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Cherry Blow Dry Bar franchise

SBA lenders have approved 10 loans against the Cherry Blow Dry Bar brand since FY2010, totalling $3.2M. The median approval was $316,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1608

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$316,000

Typical range

$294K-$350K

Middle 80% of loans

Median term

10.3 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Cherry Blow Dry Bar

Lender	Loans	Approved
First Bank	2	$656K
The Huntington National Bank	1	$414K
Ameris Bank	1	$350K
Stearns Bank	1	$327K
Wilmington Savings Fund Society	1	$320K
Renasant Bank	1	$312K
Mid Penn Bank	1	$300K
Busey Bank	1	$294K

Geography

Where Cherry Blow Dry Bar units were financed

State	Loans	Share
New Jersey	3
Florida	2
Texas	2
Massachusetts	1
Missouri	1
Pennsylvania	1

Approvals by fiscal year

’17

’18

’19

’20

’21

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

$150K - $350K
80%
$350K - $1M
20%

Financing a Cherry Blow Dry Bar: common questions

How much do lenders finance for a Cherry Blow Dry Bar franchise?: The median SBA loan approved for a Cherry Blow Dry Bar franchise is $316,000, with the middle 80% of loans between $293,600 and $350,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Cherry Blow Dry Bar franchises?: By dollars approved, the most active SBA lenders for Cherry Blow Dry Bar have been First Bank, The Huntington National Bank, Ameris Bank, Stearns Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Cherry Blow Dry Bar SBA loans?: The median term is 10.3 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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