Best SBA 7(a) lenders for barber shops
NAICS 812111 — Barber Shops.
877 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $152.1M.
Loans
877
Total $
$152.1M
Avg loan
$173K
Avg rate
9.58%
Avg term
119 mo
Industry chg-off rate
3.07%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 125 | $19.3M | $155K | 8.97% | 1.61% |
| 2 | U.S. Bank, National Association | 93 | $4.6M | $50K | 9.38% | 10.26% |
| 3 | TD Bank, National Association | 73 | $2.1M | $29K | 11.66% | 0.00% |
| 4 | Wells Fargo Bank National Association | 43 | $4.9M | $115K | 10.14% | 9.68% |
| 5 | Northeast Bank | 40 | $3.0M | $74K | 11.24% | 0.00% |
| 6 | KeyBank National Association | 33 | $6.3M | $190K | 8.78% | 0.00% |
| 7 | Manufacturers and Traders Trust Company | 33 | $1.9M | $58K | 10.84% | 11.11% |
| 8 | Readycap Lending, LLC | 25 | $2.5M | $98K | 14.00% | 0.00% |
| 9 | Live Oak Banking Company | 18 | $20.0M | $1.1M | 7.35% | 0.00% |
| 10 | Newtek Bank, National Association | 16 | $1.4M | $86K | 12.66% | 0.00% |
| 11 | BayFirst National Bank | 15 | $2.0M | $135K | 11.78% | 0.00% |
| 12 | Newtek Small Business Finance, Inc. | 13 | $2.0M | $151K | 8.37% | 0.00% |
| 13 | Cadence Bank | 12 | $3.5M | $288K | 8.48% | 10.00% |
| 14 | Eastern Bank | 12 | $1.1M | $88K | 8.58% | 0.00% |
| 15 | Celtic Bank Corporation | 12 | $737K | $61K | 10.75% | 0.00% |
Get matched with SBA lenders — free
Tell us a bit about your funding need and we'll connect you to SBA-preferred lenders active in your industry and state. No obligation.
We never sell your data. You'll be connected only to lenders matching your criteria.
Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to NAICS code 812111. Charge-off rates are calculated on the FY2020–FY2023 cohort only.