How Much Can Barber Shops Businesses Get in SBA Loans?
2,962 SBA loans totaling $413.6M have been approved for barber shops businesses (NAICS 812111). The average approved SBA loan is $140K, which is 59% below avg the $340K national average. 454 active lenders fund this industry with a 14.6% default rate on the matured 2018-2021 loan cohort.
At 14.6%, Barber Shops sits below the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — moderate default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 812111 (Barber Shops) received 2,962 SBA loans worth $413.6M across 5+ states. Average loan $140K, average term 107 months, 14.6% default rate (resolved-loan basis).454 active SBA-approved lenders fund this industry. Most barber shops loans use the SBA 7(a) program.
Is SBA Lending Growing for Barber Shops?+59% growth
Which SBA Program Do Barber Shops Businesses Use Most?
What Is the Best SBA Loan for Barber Shops?
The most widely used SBA program for barber shops businesses — flexible terms, multiple use cases
Where Are Barber Shops SBA Loans Most Common?
Top SBA Lenders for Barber Shops
These banks have funded the most SBA loans for barber shops businesses (NAICS 812111). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 208 | $27.1M |
| 2 | The Huntington National Bank(OH) | 204 | $25.6M |
| 3 | Simmons Bank(AR) | 182 | $32.6M |
| 4 | U.S. Bank, National Association(OH) | 160 | $8.3M |
| 5 | JPMorgan Chase Bank, National Association(OH) | 151 | $15.7M |
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How Does SBA Lending Work for Barber Shops Businesses?
Across all SBA loan programs, 2,962 loans have been approved for businesses classified under NAICS 812111 (Barber Shops), representing $413.6M in total capital deployed. The average approved loan of $140K is 59% below avg the national SBA average of $340K, with typical repayment terms of 107 months.
SBA lending for barber shops is accelerating — loan volume has grown approximately 59% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2025.
The overwhelming majority of SBA lending for barber shops uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching barber shops business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Barber Shops SBA Loans
What is the average SBA loan size for barber shops businesses?
Which SBA loan program is best for a barber shops business?
How many lenders fund SBA loans for barber shops?
What states have the most SBA lending for barber shops?
How does PeerSense help barber shops businesses get SBA loans?
Related Other Services Industries
General Automotive Repair
Beauty Salons
Drycleaning and Laundry Services (except Coin-Operated)
Automotive Body, Paint, and Interior Repair and Maintenance
Car Washes
All Other Personal Services
Data aggregated from SBA loan records (1992–2025). Barber Shops defined by NAICS code 812111. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.