Franchise brands › Sport Clips
Franchise brand463 approvals since FY2013
SBA loans to Sport Clips 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, 463 SBA loan approvals worth $137M carry the Sport Clips franchise code, 59 of them in FY2021 to FY2025.
In FY2025 there were 10. The average approval in the five-year window was $532K.
22 lenders made the FY2021 to FY2025 loans across 23 states; the most active were The Huntington National Bank (17), Live Oak Banking Company (14) and KeyBank National Association (5).
Of loans approved in FY2010 to FY2021 and disbursed, SBA records 7.2% as charged off, above 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* | 12 | $4.9M | $410K | 0 | 588 |
| FY2025 | 10 | $6.7M | $673K | 0 | 147 |
| FY2024 | 8 | $4.0M | $503K | 0 | 161 |
| FY2023 | 4 | $2.0M | $497K | 0 | 144 |
| FY2022 | 12 | $3.7M | $309K | 0 | 315 |
| FY2021 | 25 | $14.9M | $596K | 0 | 461 |
| FY2020 | 20 | $9.7M | $483K | 0 | 623 |
| FY2019 | 23 | $7.5M | $326K | 0 | 442 |
| FY2018 | 48 | $13.6M | $283K | 0 | 758 |
| FY2017 | 73 | $16.9M | $232K | 0 | 897 |
| FY2016 | 74 | $18.2M | $246K | 0 | 799 |
SBA's franchise field lists the brand as "SPORT CLIPS"; "Sport Clips". Codes SBA has used for the same brand name are added together.
Charge-off cohort rate
| Loans approved FY2010–FY2021 | Sport Clips | All SBA loans |
|---|---|---|
| Approvals in these years | 417 | 725,496 |
| Cancelled or never disbursed | 26 | 91,827 |
| Disbursed loans | 391 | 633,669 |
| Paid in full | 320 | 471,304 |
| Charged off | 28 | 37,796 |
| Still outstanding (status exempt from disclosure) | 43 | 124,569 |
| Charged off, share of disbursed loans | 7.2% | 6.0% |
| Dollars charged off, share of disbursed dollars | 3.7% | 2.2% |
| Dollars charged off | $4.0M | $6.20bn |
Lenders
| # | Lender, FY2021–FY2025 | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 17 | $3.5M | 28.8% | |
| 2 | Live Oak Banking CompanyWilmington, NC | 14 | $13.4M | 23.7% | |
| 3 | KeyBank National AssociationCleveland, OH | 5 | $1.3M | 8.5% | |
| 4 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 3.4% | |
| 5 | Wilmington Savings Fund Society FSBWilmington, DE | 2 | — | 3.4% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 2 | — | 3.4% | |
| 7 | Simmons BankPine Bluff, AR | 2 | — | 3.4% | |
| 8 | PNC Bank, National AssociationWilmington, DE | 1 | — | 1.7% | |
| 9 | First Western Trust BankDenver, CO | 1 | — | 1.7% | |
| 10 | Happen BankLehi, UT | 1 | — | 1.7% | |
| 11 | Texas Capital BankDallas, TX | 1 | — | 1.7% | |
| 12 | Citizens BankElizabethton, TN | 1 | — | 1.7% | |
| 13 | The Bancorp Bank National AssociationSioux Falls, SD | 1 | — | 1.7% | |
| 14 | United Community BankGreenville, SC | 1 | — | 1.7% | |
| 15 | The First National Bank in Sioux FallsSioux Falls, SD | 1 | — | 1.7% |
States
| # | State of the business, FY2021–FY2025 | Approvals | Share | |
|---|---|---|---|---|
| 1 | Texas | 9 | 15.3% | |
| 2 | Florida | 8 | 13.6% | |
| 3 | North Carolina | 4 | 6.8% | |
| 4 | Ohio | 4 | 6.8% | |
| 5 | Maryland | 4 | 6.8% | |
| 6 | Colorado | 3 | 5.1% | |
| 7 | Illinois | 2 | 3.4% | |
| 8 | Minnesota | 2 | 3.4% | |
| 9 | Alabama | 2 | 3.4% | |
| 10 | Georgia | 2 | 3.4% | |
| 11 | South Dakota | 2 | 3.4% | |
| 12 | Michigan | 2 | 3.4% | |
| 13 | New Jersey | 2 | 3.4% | |
| 14 | California | 2 | 3.4% | |
| 15 | New York | 2 | 3.4% |
Filed under
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Personal Care ServicesNAICS 8121 | 57 | 96.6% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 1 | 1.7% | |
| 3 | Management of Companies and EnterprisesNAICS 5511 | 1 | 1.7% |
Approval sizes
- $50,000 or less11.9%7
- $50,001 to $150,00010.2%6
- $150,001 to $350,00047.5%28
- $350,001 to $1 million22.0%13
- $1 million to $2 million5.1%3
- Over $2 million3.4%2
Age of the businesses
- Existing, more than 2 years old16.9%10
- New business, 2 years or less13.6%8
- Startup, loan funds will open the business54.2%32
- Change of ownership15.3%9
Questions and answers
How many SBA loans go to Sport Clips franchises?
463 approvals since FY2013, worth $137M; 59 in FY2021 to FY2025.
Which lenders make SBA loans for Sport Clips franchises?
By approvals in FY2021 to FY2025: The Huntington National Bank (17), Live Oak Banking Company (14), KeyBank National Association (5), Newtek Small Business Finance, Inc. (2), Wilmington Savings Fund Society FSB (2).
How large is a typical SBA loan for a Sport Clips franchise?
The average approval in FY2021 to FY2025 was $532K.
What share of Sport Clips SBA loans are charged off?
Of 391 disbursed loans approved in FY2010 to FY2021, 28 (7.2%) are recorded as charged off; for all SBA loans from those years the figure is 6.0%.
Are SBA loans to Sport Clips franchises rising?
Approvals in the three latest complete fiscal years total 22, against 57 in the three before: falling (-61%).
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