Best SBA 7(a) lenders for cosmetology and barber schools
NAICS 611511 — Cosmetology and Barber Schools.
166 7(a) loans approved in this industry between FY2020 and 2025-12-31, totaling $98.6M.
Loans
166
Total $
$98.6M
Avg loan
$594K
Avg rate
8.72%
Avg term
153 mo
Industry chg-off rate
3.19%
FY20–FY23 cohort
Top 15 lenders in this industry
| # | Lender | Loans | Total $ | Avg loan | Avg rate | Chg-off % |
|---|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 18 | $2.1M | $115K | 9.89% | 0.00% |
| 2 | Readycap Lending, LLC | 11 | $7.2M | $654K | 10.73% | 0.00% |
| 3 | Webster Bank National Association | 6 | $894K | $149K | 6.54% | 0.00% |
| 4 | Newtek Bank, National Association | 5 | $2.2M | $445K | 11.00% | — |
| 5 | CDC Small Business Finance Corp. | 5 | $593K | $119K | 9.55% | 0.00% |
| 6 | JPMorgan Chase Bank, National Association | 4 | $395K | $99K | 11.70% | 66.67% |
| 7 | Manufacturers and Traders Trust Company | 3 | $240K | $80K | 12.67% | — |
| 8 | Live Oak Banking Company | 3 | $3.4M | $1.1M | 9.83% | — |
| 9 | Enterprise Bank & Trust | 3 | $6.0M | $2.0M | 6.58% | 0.00% |
| 10 | CalPrivate Bank | 3 | $4.1M | $1.4M | 8.33% | 0.00% |
| 11 | Cadence Bank | 3 | $1.0M | $342K | 5.33% | 0.00% |
| 12 | Byline Bank | 3 | $2.8M | $938K | 11.17% | 0.00% |
| 13 | Newtek Small Business Finance, Inc. | 3 | $8.8M | $2.9M | 7.08% | 0.00% |
| 14 | TD Bank, National Association | 3 | $275K | $92K | 10.20% | 0.00% |
| 15 | Bank of America, National Association | 3 | $2.0M | $655K | 6.84% | 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 611511. Charge-off rates are calculated on the FY2020–FY2023 cohort only.