NAICS 611511 · Education
SBA loans for cosmetology and barber schools
507 SBA loans worth $255.5M have been approved in this industry since FY2010 - the #336 most-financed NAICS code in the country.
Median loan
$200,000
+11% vs all industries
Typical range
$26K-$1.2M
Middle 80%
Median rate
6.75%
7(a) initial note rate
Median term
10 yr
Charge-off rate
9.9%
vs 7.6% all industries
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
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Wells Fargo Bank | 18 | $10.1M | |
| Newtek Small Business Finance, Inc. | 6 | $9.5M | |
| Enterprise Bank & Trust | 8 | $8.9M | |
| Byline Bank | 6 | $7.4M | |
| Mountain West Small Business Finance | 6 | $7.3M | |
| Readycap Lending, LLC | 11 | $7.2M | |
| U.S. Bank | 14 | $6.8M | |
| Mortgage Capital Development Corporation | 8 | $6.8M | |
| Beacon Bank and Trust | 5 | $6.8M | |
| JPMorgan Chase Bank | 16 | $6.7M |
Approvals by fiscal year
’10
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’12
’13
’14
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’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K15%
- $50K - $150K26%
- $150K - $350K22%
- $350K - $1M23%
- $1M - $2M8%
- Over $2M6%
Nearby
Other education industries
Sports and Recreation Instruction4,125 · $161,000All Other Miscellaneous Schools and Instruction2,168 · $135,000Fine Arts Schools1,997 · $125,000Educational Support Services1,693 · $90,000Elementary and Secondary Schools1,386 · $601,500Exam Preparation and Tutoring920 · $120,000Professional and Management Development Training745 · $100,000Other Technical and Trade Schools744 · $200,000
Common questions
- How much do SBA lenders typically lend to a cosmetology and barber schools business?
- The median SBA approval in NAICS 611511 is $200,000, with the middle 80% of loans between $26,000 and $1,156,400. Across all industries the median is $180,000.
- Which lenders are most active in cosmetology and barber schools?
- By dollars approved: Wells Fargo Bank, Newtek Small Business Finance, Inc., Enterprise Bank & Trust, Byline Bank, Mountain West Small Business Finance. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is cosmetology and barber schools considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 9.9% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
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