SBA 7(a)/504 FOIA · FY1991–PRESENT · VIRGINIA
GREAT CLIPS franchise in Virginia: what the public record shows
Franchisees of GREAT CLIPS in Virginia have taken 18 SBA loans since 1991 (average $371,988), and of the 14 loans whose story has ended, 7.1% were charged off — versus 5.0% for GREAT CLIPS nationally and 14.8% across all rateable franchise brands.
Loans in VA
18
Resolved
14
Local charge-off
7.1%
National charge-off
5.0%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = VA. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor.
Businesses in this industry
2,789
statewide, all operators
Per 100k residents
31.7
national 26.6
Versus the country
+19%
denser
Every business in GREAT CLIPS's industry operating in Virginia — franchised and independent — from the Census Bureau's County Business Patterns (2023), against 2024 population estimates. Counter-intuitively, density is not a warning: across 198 brand-state cells in our loan data, the densest quartile charges off at 5.6% versus 18.1% in the thinnest. A crowded market is usually proven demand; an empty one is often empty for a reason.
| System | Loans in VA | Local charge-off | Units in VA |
|---|---|---|---|
| SUPERCUTS | 10 | thin | 24 |
| European Wax Centers-Galleria | 8 | thin | — |
| Hand and Stone Massage and Facial Spa | 6 | thin | — |
| Planet Beach | 6 | thin | — |
| Fantastic Sams | 5 | thin | — |
Same sector, same state, same public records — how GREAT CLIPS compares to the systems a buyer in Virginia would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing GREAT CLIPS's numbers, including talking you out of a bad deal.
Talk to an independent CPA before you buy →