Franchise brands › Sharkey's Cuts for Kids
Franchise brand79 approvals since FY2012
SBA loans to Sharkey's Cuts for Kids 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.
SBA lists 79 loan approvals since FY2012 under the Sharkey's Cuts for Kids franchise brand, worth $14.9M; 52 of them came in FY2021 to FY2025.
In FY2025 there were 18. The average approval in the five-year window was $190K.
15 lenders made the FY2021 to FY2025 loans across 17 states; the most active were The Huntington National Bank (27), Citizens Bank (9) and Old National Bank (2).
These are loans to independent franchise owners, not to 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* | 7 | $2.4M | $345K | 0 | 27 |
| FY2025 | 18 | $3.2M | $175K | 0 | 130 |
| FY2024 | 4 | $1.1M | $263K | 0 | 30 |
| FY2023 | 13 | $2.5M | $192K | 0 | 145 |
| FY2022 | 10 | $1.6M | $161K | 0 | 200 |
| FY2021 | 7 | $1.6M | $224K | 0 | 55 |
| FY2020 | 7 | $1.1M | $162K | 0 | 71 |
| FY2019 | 4 | $600K | $150K | 0 | 30 |
| FY2018 | 1 | — | — | 0 | 9 |
| FY2017 | 4 | $399K | $100K | 0 | 41 |
| FY2016 | 0 | — | — | 0 | 0 |
SBA's franchise field lists the brand as "SHARKEY'S CUTS FOR KIDS"; "Sharkey's Cuts for Kids". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Sharkey's Cuts for Kids | All SBA loans |
|---|---|---|
| Approvals in these years | 27 | 725,496 |
| Cancelled or never disbursed | 5 | 91,827 |
| Disbursed loans | 22 | 633,669 |
| Paid in full | 13 | 471,304 |
| Charged off | 1 | 37,796 |
| Still outstanding (status exempt from disclosure) | 8 | 124,569 |
| Charged off, share of disbursed loans | too few loans | 6.0% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% |
| Dollars charged off | — | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 27 | $4.3M | 51.9% | |
| 2 | Citizens BankElizabethton, TN | 9 | $2.0M | 17.3% | |
| 3 | Old National BankEvansville, IN | 2 | — | 3.8% | |
| 4 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.8% | |
| 5 | First Commonwealth BankIndiana, PA | 2 | — | 3.8% | |
| 6 | BayFirst National BankSaint Petersburg, FL | 1 | — | 1.9% | |
| 7 | CRF Small Business Loan Company, LLCMinneapolis, MN | 1 | — | 1.9% | |
| 8 | Evolve Bank and TrustWest Memphis, AR | 1 | — | 1.9% | |
| 9 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 1 | — | 1.9% | |
| 10 | Arizona Financial Credit UnionPhoenix, AZ | 1 | — | 1.9% | |
| 11 | Colonial Savings FAFort Worth, TX | 1 | — | 1.9% | |
| 12 | United Midwest Savings Bank National AssociationDe Graff, OH | 1 | — | 1.9% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.9% | |
| 14 | KeyBank National AssociationCleveland, OH | 1 | — | 1.9% | |
| 15 | Manufacturers and Traders Trust CompanyBuffalo, NY | 1 | — | 1.9% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 13 | 25.0% | |
| 2 | North Carolina | 6 | 11.5% | |
| 3 | Florida | 5 | 9.6% | |
| 4 | Virginia | 4 | 7.7% | |
| 5 | Ohio | 4 | 7.7% | |
| 6 | California | 3 | 5.8% | |
| 7 | Maryland | 3 | 5.8% | |
| 8 | New York | 2 | 3.8% | |
| 9 | Missouri | 2 | 3.8% | |
| 10 | Georgia | 2 | 3.8% | |
| 11 | South Carolina | 2 | 3.8% | |
| 12 | Tennessee | 1 | 1.9% | |
| 13 | Kentucky | 1 | 1.9% | |
| 14 | Nevada | 1 | 1.9% | |
| 15 | Oregon | 1 | 1.9% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 50 | 96.2% | |
| 2 | Health and Personal Care RetailersNAICS 4561 | 2 | 3.8% |
Approval sizes
- $50,000 or less26.9%14
- $50,001 to $150,0009.6%5
- $150,001 to $350,00061.5%32
- $350,001 to $1 million1.9%1
Age of the businesses
- Existing, more than 2 years old5.8%3
- New business, 2 years or less5.8%3
- Startup, loan funds will open the business86.5%45
- Change of ownership1.9%1
Questions and answers
How many SBA loans go to Sharkey's Cuts for Kids franchises?
79 approvals since FY2012, worth $14.9M; 52 in FY2021 to FY2025.
Which lenders make SBA loans for Sharkey's Cuts for Kids franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (27), Citizens Bank (9), Old National Bank (2), Wells Fargo Bank National Association (2), First Commonwealth Bank (2).
How large is a typical SBA loan for a Sharkey's Cuts for Kids franchise?
The average approval in FY2021 to FY2025 was $190K.
What share of Sharkey's Cuts for Kids SBA loans are charged off?
There are fewer than 30 disbursed loans from the matured approval years, too few for a rate.
Are SBA loans to Sharkey's Cuts for Kids franchises rising?
Approvals in the three latest complete fiscal years total 35, against 24 in the three before: rising (+46%).
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