How Much Can Cosmetology and Barber Schools Businesses Get in SBA Loans?
853 SBA loans totaling $336.5M have been approved for cosmetology and barber schools businesses (NAICS 611511). The average approved SBA loan is $395K, which is 16% above avg the $340K national average. 289 active lenders fund this industry with a 15.2% default rate on the matured 2018-2021 loan cohort.
At 15.2%, Cosmetology and Barber Schools 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 611511 (Cosmetology and Barber Schools) received 853 SBA loans worth $336.5M across 5+ states. Average loan $395K, average term 138 months, 15.2% default rate (resolved-loan basis).289 active SBA-approved lenders fund this industry. Most cosmetology and barber schools loans use the SBA 7(a) program. There are approximately 1,709 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Cosmetology and Barber Schools?+12% growth
Which SBA Program Do Cosmetology and Barber Schools Businesses Use Most?
What Is the Best SBA Loan for Cosmetology and Barber Schools?
The most widely used SBA program for cosmetology and barber schools businesses — flexible terms, multiple use cases
Where Are Cosmetology and Barber Schools SBA Loans Most Common?
Top SBA Lenders for Cosmetology and Barber Schools
These banks have funded the most SBA loans for cosmetology and barber schools businesses (NAICS 611511). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | The Huntington National Bank(OH) | 42 | $6.4M |
| 2 | PNC Bank, National Association(DE) | 37 | $7.0M |
| 3 | U.S. Bank, National Association(OH) | 33 | $12.3M |
| 4 | Wells Fargo Bank National Association(SD) | 29 | $13.1M |
| 5 | Zions Bank, A Division of(UT) | 26 | $5.2M |
Cosmetology and Barber Schools Industry Context
Ready to Fund Your Cosmetology and Barber Schools Business?
PeerSense places SBA loans for cosmetology and barber schools businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Cosmetology and Barber Schools Businesses?
Across all SBA loan programs, 853 loans have been approved for businesses classified under NAICS 611511 (Cosmetology and Barber Schools), representing $336.5M in total capital deployed. The average approved loan of $395K is 16% above avg the national SBA average of $340K, with typical repayment terms of 138 months.
SBA lending for cosmetology and barber schools is accelerating — loan volume has grown approximately 12% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2024.
The industry sees a balanced mix of SBA programs, with 12% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching cosmetology and barber schools 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 — Cosmetology and Barber Schools SBA Loans
What is the average SBA loan size for cosmetology and barber schools businesses?
Which SBA loan program is best for a cosmetology and barber schools business?
How many lenders fund SBA loans for cosmetology and barber schools?
What states have the most SBA lending for cosmetology and barber schools?
How does PeerSense help cosmetology and barber schools businesses get SBA loans?
Related Education Industries
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Elementary and Secondary Schools
Other Technical and Trade Schools
Data aggregated from SBA loan records (1992–2025). Cosmetology and Barber Schools defined by NAICS code 611511. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.