What is the SBA loan default rate for Cosmetology and Barber Schools?

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. The rate is measured on the resolved loans (paid in full or charged off), loans that have reached a final outcome. 289 lenders actively fund this industry.

Which SBA program is best for Cosmetology and Barber Schools?

The SBA 7(a) program is the most commonly used for Cosmetology and Barber Schools businesses, accounting for the majority of approved loans. The SBA 504 program is popular for larger real estate and equipment purchases.

NAICS 611511EducationLending Growing

How Much Can Cosmetology and Barber Schools Businesses Get in SBA Loans?

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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.

Moderate default risk15.2% vs 15.4% all industry avg

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. The capital source prices this risk into rate and structure.

Quick Answer

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).

853

Total SBA Loans

$336.5M

Total Volume

$395K

Avg Loan Size

16% above avg

289

Active Lenders

138 mo

Avg Term

6% above avg

8,775

Jobs Supported

Is SBA Lending Growing for Cosmetology and Barber Schools?+12% growth

$17.9M

$11.8M

$12.3M

$12.8M

$3.3M

$37.4M

$15.3M

$18.1M

$24.3M

$22.2M

Which SBA Program Do Cosmetology and Barber Schools Businesses Use Most?

SBA 7(a)748 (88%)

SBA 504105 (12%)

What Is the Best SBA Loan for Cosmetology and Barber Schools?

SBA 7(a)

The most widely used SBA program for cosmetology and barber schools businesses: flexible terms, multiple use cases

Industry avg loan: $395K

Typical term: 138 months

Historical avg rate: 7.39%

289+ lenders active in this industry

Default rate (2018 to 21 matured cohort): 15.2%

Where Are Cosmetology and Barber Schools SBA Loans Most Common?

91 loans

$66.1M

49 loans

$18.6M

45 loans

$20.5M

45 loans

$13.2M

43 loans

$11.0M

SBA Lending Activity in Cosmetology and Barber Schools

289 SBA lenders have funded 853 loans to cosmetology and barber schools businesses (NAICS 611511). Which lender approves your deal depends on your location, loan size, credit profile and time in business, not on who funded someone else. PeerSense makes the introduction.

Loans funded

853

Active lenders

289

Total volume

$336.5M

Avg loan size

$395K

Browse all SBA lenders

Cosmetology and Barber Schools Industry Context

U.S. Establishments

1,709

U.S. Census Bureau · 2022

U.S. Employment

27,722,000

BLS · 2026

SBA Penetration

49.91%

SBA loans per establishment

Talk to PeerSense

PeerSense sources capital for cosmetology and barber schools businesses. The capital source sets the terms. No upfront fee. Talk to PeerSense. Referral fee at closing.

Retainers

10%

Down with SBA 7(a)

25yr

Terms Available

Talk to PeerSense (317) 452-6990

Talk to PeerSense about financing a Cosmetology and Barber Schools business.

Tell us your loan amount and use of funds. PeerSense sources capital. The capital source sets the terms.

SBA 7(a) / 504: PeerSense will reach out. No obligation.

How big is your deal?

Where are you in the deal?

Equity or down payment ready

Credit score

Timeline to close

SBA already on the books?

What best describes your company

Liquid funds available outside this deal

Where is the property or business

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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.

Talk to PeerSense about a cosmetology and barber schools file. The capital source sets the terms. The desk fee is paid at closing, never upfront.

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Frequently Asked Questions: Cosmetology and Barber Schools SBA Loans

What is the average SBA loan size for cosmetology and barber schools businesses?

Based on 853 approved SBA loans, the average loan size for cosmetology and barber schools (NAICS 611511) is $395K. This compares to the national SBA average of $340K across all industries.

Which SBA loan program is best for a cosmetology and barber schools business?

SBA 7(a) is the most commonly used SBA program for cosmetology and barber schools businesses. The most widely used SBA program for cosmetology and barber schools businesses: flexible terms, multiple use cases. PeerSense can analyze your specific deal to determine the optimal program.

How many lenders fund SBA loans for cosmetology and barber schools?

289 different SBA approved lenders have funded loans in this industry. Not all lenders are equally active in every industry. Talk to PeerSense. The capital source sets the terms for a cosmetology and barber schools file.

What states have the most SBA lending for cosmetology and barber schools?

CA leads with 91 SBA loans and $66.1M in total volume for cosmetology and barber schools businesses. FL, TX, MI also show strong lending activity in this sector.

How does PeerSense help cosmetology and barber schools businesses get SBA loans?

PeerSense is a capital advisory firm. Talk to PeerSense about a cosmetology and barber schools file. The capital source sets the terms. No upfront fee. The desk is paid at closing.

Related Education Industries

Sports and Recreation Instruction

5,522 loans · N/A

Avg: $355K

All Other Miscellaneous Schools and Instruction

Fine Arts Schools

Educational Support Services

2,554 loans · N/A

Avg: $216K

Elementary and Secondary Schools

2,091 loans · N/A

Avg: $793K

Other Technical and Trade Schools

1,425 loans · N/A

Avg: $322K

Data aggregated from SBA loan records (1992 to 2025). Cosmetology and Barber Schools defined by NAICS code 611511. Not financial advice. PeerSense sources capital through a curated network of commercial lenders and capital sources. Consult a lending professional before making financial decisions.