Barber Shops: SBA business acquisition loan data
36 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Barber Shops (NAICS 812111), totaling $26.2M. Median loan $376,100, 42% lower than the all-acquisition median. 53% of these deals were franchised units.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $991,000 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #204 of 300 industries tracked.
- Geography. Texas leads with 6 loans; the top five states account for 47% of the industry's acquisitions.
- Jobs. Lenders reported 1,122 jobs supported across these loans, about 31.2 per acquisition, a rough proxy for the size of business changing hands.
Barber Shops acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 3 | $1.2M | $125,000 | |
| FY2019 | 8 | $3.6M | $262,950 | |
| FY2020 | 0 | $0 | - | |
| FY2021 | 4 | $6.6M | $1,135,000 | |
| FY2022 | 3 | $1.4M | $95,400 | |
| FY2023 | 4 | $1.4M | $151,500 | |
| FY2024 | 4 | $3.4M | $853,000 | |
| FY2025 | 3 | $1.2M | $495,000 | |
| FY2026 | 7 | $7.4M | $454,200 |
How often do these acquisition loans fail?
Fewer than 20 Barber Shops acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Terms signed in the LOI shape the purchase agreement that follows.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Texas | 6 | 16.7% | $3.6M | |
| 2 | Minnesota | 3 | 8.3% | $5.3M | |
| 3 | Illinois | 3 | 8.3% | $4.7M | |
| 4 | North Carolina | 3 | 8.3% | $2.2M | |
| 5 | Michigan | 2 | 5.6% | $236K | |
| 6 | Indiana | 2 | 5.6% | $230K | |
| 7 | Vermont | 2 | 5.6% | $66K | |
| 8 | Pennsylvania | 1 | 2.8% | $2.3M | |
| 9 | Wisconsin | 1 | 2.8% | $1.9M | |
| 10 | Colorado | 1 | 2.8% | $1.7M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 6 | 16.7% | $9.4M | |
| 2 | Stearns Bank National Association | 4 | 11.1% | $942K | |
| 3 | Village Bank and Trust, National Association | 2 | 5.6% | $5.1M | |
| 4 | KeyBank National Association | 2 | 5.6% | $1.1M | |
| 5 | Security National Bank of Omaha | 2 | 5.6% | $545K | |
| 6 | PNC Bank, National Association | 1 | 2.8% | $2.3M | |
| 7 | First Western Trust Bank | 1 | 2.8% | $1.7M | |
| 8 | Great Plains National Bank | 1 | 2.8% | $1.3M | |
| 9 | SouthState Bank, National Association | 1 | 2.8% | $988K | |
| 10 | The Huntington National Bank | 1 | 2.8% | $467K |
That draft favors the seller. We review it for the buyer, line by line.
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Franchise brands in Barber Shops
53% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Sport Clips | 10 | 52.6% | $18.8M | |
| 2 | Supercuts | 2 | 10.5% | $767K | |
| 3 | Smartstyle | 1 | 5.3% | $108K |
Questions buyers ask
How much is a typical SBA loan to buy a business in Barber Shops?
Median $376,100 across 36 acquisition loans (FY2018 to FY2026); the middle half ran $121,375 to $991,000. That is 42% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Barber Shops acquisitions?
Live Oak Banking Company (6), Stearns Bank National Association (4), Village Bank and Trust, National Association (2), KeyBank National Association (2), Security National Bank of Omaha (2).
Are businesses in Barber Shops often franchised?
Yes, often. 53% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Sport Clips, Supercuts, Smartstyle.
How risky are SBA loans for buying a business in Barber Shops?
Too few loans are old enough to measure for this industry. The all-acquisition benchmark is 3.5%.
What loan terms are common for Barber Shops acquisitions?
Median term 10 years, average initial rate 7.76% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
The purchase agreement decides what you bought, not the loan approval.
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