How much do SBA lenders typically lend to a barber shops business?

The median SBA approval in NAICS 812111 is $100,000, with the middle 80% of loans between $15,000 and $349,000. Across all industries the median is $180,000.

Which lenders are most active in barber shops?

By dollars approved: The Huntington National Bank, Simmons Bank, Wells Fargo Bank, Live Oak Banking Company, Stearns Bank. 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 barber shops considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

NAICS 812111 · Other Services

SBA loans for barber shops

2,098 SBA loans worth $350.2M have been approved in this industry since FY2010 - the #113 most-financed NAICS code in the country.

Median loan

$100,000

-44% vs all industries

Typical range

$15K-$349K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

10 yr

Charge-off rate

7.4%

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
The Huntington National Bank	208	$31.6M
Simmons Bank	168	$30.1M
Wells Fargo Bank	185	$24.3M
Live Oak Banking Company	19	$21.4M
Stearns Bank	56	$13.8M
JPMorgan Chase Bank	59	$10.8M
PNC Bank	39	$10.1M
KeyBank	43	$9.3M
The Bancorp Bank	39	$8.7M
Citizens Bank	20	$7.4M

Geography

Where these loans were made

State	Loans	Share
California	200
Texas	175
Ohio	135
New York	116
Florida	114
Massachusetts	109
Illinois	82
Pennsylvania	73

Approvals by fiscal year

’10

’11

’12

’13

’14

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’16

’17

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’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
36%
$50K - $150K
23%
$150K - $350K
31%
$350K - $1M
9%
$1M - $2M
1%
Over $2M
0%

Nearby

Other other services industries

See the sector

General Automotive Repair16,083 · $190,000 Beauty Salons14,068 · $85,000 Other Personal Care Services7,830 · $175,000 All Other Personal Services7,488 · $144,000 Pet Care (except Veterinary) Services6,530 · $195,850 Car Washes5,876 · $773,000 Automotive Body, Paint, and Interior Repair and Maintenance5,872 · $240,000 Drycleaning and Laundry Services3,976 · $200,000

Common questions

How much do SBA lenders typically lend to a barber shops business?: The median SBA approval in NAICS 812111 is $100,000, with the middle 80% of loans between $15,000 and $349,000. Across all industries the median is $180,000.
Which lenders are most active in barber shops?: By dollars approved: The Huntington National Bank, Simmons Bank, Wells Fargo Bank, Live Oak Banking Company, Stearns Bank. 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 barber shops considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 7.4% were charged off, versus 7.6% across all SBA lending. That is close to average.

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