Franchise brands › European Wax Center
Franchise brand359 approvals since FY2013
SBA loans to European Wax Center franchises
Approvals SBA files under the brand's franchise code. The loans are to independent franchise owners; this page describes the brand in aggregate and no franchisee.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Since FY2013, 359 SBA loan approvals worth $146M carry the European Wax Center franchise code, 37 of them in FY2021 to FY2025.
In FY2025 there were 2. The average approval in the five-year window was $508K.
18 lenders made the FY2021 to FY2025 loans across 20 states; the most active were Simmons Bank (13), Live Oak Banking Company (4) and SouthPoint Bank (2).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 2.2% as charged off, below the 6.0% for all SBA loans from those years. The figures describe loans to independent franchise owners, not the franchisor.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Loans by fiscal year
| Fiscal year | Approvals | Dollars approved | Average approval | of which 504 | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 2 | — | — | 0 | 22 |
| FY2025 | 2 | — | — | 0 | 42 |
| FY2024 | 3 | $1.1M | $378K | 0 | 47 |
| FY2023 | 2 | — | — | 0 | 12 |
| FY2022 | 11 | $7.2M | $651K | 0 | 209 |
| FY2021 | 19 | $8.5M | $445K | 0 | 374 |
| FY2020 | 17 | $5.8M | $341K | 0 | 157 |
| FY2019 | 27 | $18.2M | $676K | 0 | 399 |
| FY2018 | 46 | $20.0M | $435K | 0 | 606 |
| FY2017 | 48 | $18.3M | $381K | 0 | 490 |
| FY2016 | 62 | $21.8M | $351K | 0 | 621 |
SBA's franchise field lists the brand as "EUROPEAN WAX CENTER"; "European Wax Center". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | European Wax Center | All SBA loans |
|---|---|---|
| Approvals in these years | 339 | 725,496 |
| Cancelled or never disbursed | 25 | 91,827 |
| Disbursed loans | 314 | 633,669 |
| Paid in full | 260 | 471,304 |
| Charged off | 7 | 37,796 |
| Still outstanding (status exempt from disclosure) | 47 | 124,569 |
| Charged off, share of disbursed loans | 2.2% | 6.0% |
| Dollars charged off, share of disbursed dollars | 1.3% | 2.2% |
| Dollars charged off | $1.6M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Simmons BankPine Bluff, AR | 13 | $3.9M | 35.1% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 4 | $5.3M | 10.8% | |
| 3 | SouthPoint BankBirmingham, AL | 2 | — | 5.4% | |
| 4 | Valley National BankPassaic, NJ | 2 | — | 5.4% | |
| 5 | BayFirst National BankSaint Petersburg, FL | 2 | — | 5.4% | |
| 6 | TD Bank, National AssociationWilmington, DE | 2 | — | 5.4% | |
| 7 | First Bank of the LakeOsage Beach, MO | 1 | — | 2.7% | |
| 8 | Celtic Bank CorporationSalt Lake City, UT | 1 | — | 2.7% | |
| 9 | Readycap Lending, LLCBerkeley Heights, NJ | 1 | — | 2.7% | |
| 10 | Republic Bank & Trust CompanyLouisville, KY | 1 | — | 2.7% | |
| 11 | United Community BankGreenville, SC | 1 | — | 2.7% | |
| 12 | Summit BankEugene, OR | 1 | — | 2.7% | |
| 13 | Fifth Third BankCincinnati, OH | 1 | — | 2.7% | |
| 14 | Sunflower Bank National AssociationDallas, TX | 1 | — | 2.7% | |
| 15 | T Bank, National AssociationDallas, TX | 1 | — | 2.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Alabama | 4 | 10.8% | |
| 2 | Florida | 4 | 10.8% | |
| 3 | Pennsylvania | 4 | 10.8% | |
| 4 | New York | 3 | 8.1% | |
| 5 | Ohio | 3 | 8.1% | |
| 6 | Texas | 2 | 5.4% | |
| 7 | Michigan | 2 | 5.4% | |
| 8 | Massachusetts | 2 | 5.4% | |
| 9 | Nebraska | 2 | 5.4% | |
| 10 | Illinois | 1 | 2.7% | |
| 11 | Georgia | 1 | 2.7% | |
| 12 | Kentucky | 1 | 2.7% | |
| 13 | Arizona | 1 | 2.7% | |
| 14 | South Dakota | 1 | 2.7% | |
| 15 | Oregon | 1 | 2.7% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 27 | 73.0% | |
| 2 | Other Personal ServicesNAICS 8129 | 7 | 18.9% | |
| 3 | Offices of PhysiciansNAICS 6211 | 2 | 5.4% | |
| 4 | Health and Personal Care StoresNAICS 4461 | 1 | 2.7% |
Approval sizes
- $50,000 or less5.4%2
- $50,001 to $150,0005.4%2
- $150,001 to $350,00027.0%10
- $350,001 to $1 million54.1%20
- $1 million to $2 million5.4%2
- Over $2 million2.7%1
Age of the businesses
- Existing, more than 2 years old10.8%4
- New business, 2 years or less10.8%4
- Startup, loan funds will open the business73.0%27
- Change of ownership5.4%2
Questions and answers
How many SBA loans go to European Wax Center franchises?
359 approvals since FY2013, worth $146M; 37 in FY2021 to FY2025.
Which lenders make SBA loans for European Wax Center franchises?
By approvals in FY2021 to FY2025: Simmons Bank (13), Live Oak Banking Company (4), SouthPoint Bank (2), Valley National Bank (2), BayFirst National Bank (2).
How large is a typical SBA loan for a European Wax Center franchise?
The average approval in FY2021 to FY2025 was $508K.
What share of European Wax Center SBA loans are charged off?
Of 314 disbursed loans approved in FY2010 to FY2021, 7 (2.2%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to European Wax Center franchises rising?
Approvals in the three latest complete fiscal years total 7, against 47 in the three before: falling (-85%).
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error