Of 1,033 loans approved in fiscal 2001 to 2021 (at least five years old), 233 (22.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Art Dealers appears on 1,052 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $146.7 million in gross approvals. These are loans, not a rating.
Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.
Art DealersIndustry NAICS 453920 · 1,052 loans
23%of seasoned loans charged off
Art Dealers appears on 1,052 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $146.7 million in gross approvals.
Of 1,033 loans approved in fiscal 2001 to 2021 (at least five years old), 233 (22.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.
share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year
Every approval year
Approval year
Loans
Approved
Paid in full
Charged off
Not yet resolved
Charged-off share
FY2001
44
$5.3 million
34
10
0
22.7%
FY2002
60
$7.0 million
46
14
0
23.3%
FY2003
93
$8.2 million
71
21
1
22.6%
FY2004
114
$12.2 million
99
15
0
13.2%
FY2005
117
$12.6 million
82
35
0
29.9%
FY2006
84
$4.9 million
48
36
0
42.9%
FY2007
94
$5.2 million
44
50
0
53.2%
FY2008
80
$5.1 million
52
28
0
35.0%
FY2009
30
$1.8 million
23
7
0
23.3%
FY2010
36
$4.7 million
30
5
1
13.9%
FY2011
23
$5.6 million
21
0
2
0.0%
FY2012
23
$3.4 million
21
2
0
8.7%
FY2013
29
$3.6 million
27
0
2
0.0%
FY2014
25
$12.4 million
24
0
1
0.0%
FY2015
25
$9.1 million
20
2
3
8.0%
FY2016
28
$10.2 million
24
2
2
7.1%
FY2017
31
$5.6 million
27
1
3
3.2%
FY2018
42
$5.9 million
32
1
9
2.4%
FY2019
23
$8.0 million
13
2
8
8.7%
FY2020
15
$3.1 million
11
0
4
0.0%
FY2021
17
$9.3 million
7
2
8
11.8%
FY2022
11
$1.7 million
3
1
7
too recent for a share
FY2023
6
$1.5 million
2
0
4
too recent for a share
FY2024
1
$45,000
0
0
1
too recent for a share
FY2025
1
$20,000
0
0
1
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
California
139
26
18.7%
New York
89
20
22.5%
Florida
72
19
26.4%
Texas
68
17
25.0%
Pennsylvania
47
9
19.1%
Massachusetts
43
7
16.3%
Illinois
38
10
26.3%
Arizona
33
11
33.3%
New Jersey
31
8
25.8%
Ohio
31
5
16.1%
US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.