SBA lending record
Proper Grooming
2893 South Mendenhall Road, Memphis, TN 38115 · Barber Shops. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$25K
Total SBA financing
1
Loan on record
FY2024
On record
12
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$25,000 — FY2024
- Gross approval
- $25,000
- SBA guaranteed
- $21,250 (85%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 15% v
- Term
- 112 mo (9 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/14/2024
- First disbursement
- 3/2/2024
- Days to fund
- 17 days
- Collateral
- None
- Sold on secondary market
- Yes
- Jobs supported
- 12
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Barber Shops
- NAICS code
- 812111
- Lender
- Readycap Lending, LLC
- Address
- 2893 South Mendenhall Road
- City
- Memphis, 38115
- County
- Shelby
- SBA district office
- TENNESSEE DISTRICT OFFICE
- Congressional district
- 9
The lender
Find SBA lenders for businesses like this
The banks most active funding barber shops — by location, industry.
Similar businesses
Comparable barber shops in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
UPSCALE KUTZ LLC
Memphis, TN· ~9 mi
Barber Shops
- $39K
- SBA financing
- ≈ $75K–$126K
- Est. revenue (rough)
Cut Lab LLC
Memphis, TN· ~2 mi
Barber Shops
- $270K
- SBA financing
- ≈ $530K–$883K
- Est. revenue (rough)
R & R MENTAL HEALTH, LLC
Memphis, TN· ~11 mi
Ellie Mental Health
- $673K
- SBA financing
- ≈ $1.3M–$2.2M
- Est. revenue (rough)
Luxe Barberhouse, LLC
Olive Branch, MS· ~9 mi
Barber Shops
- $185K
- SBA financing
- ≈ $363K–$605K
- Est. revenue (rough)
THE FORUM BARBERSHOP LLC
Fort Smith, AR· ~255 mi
Barber Shops
- $25K
- SBA financing
- ≈ $49K–$82K
- Est. revenue (rough)
PLEASANT VIEW BARBER & STYLE
Pleasant View, TN· ~183 mi
Barber Shops
- $22K
- SBA financing
- ≈ $43K–$72K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Proper Grooming in Memphis, TN (Barber Shops). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $25K
- On record FY2024
- 12 jobs supported
- Industry: Barber Shops
- Location: Memphis, TN
- Lender: Readycap Lending, LLC
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Barber Shops businesses in TN for ~$25k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Proper Grooming.