SBA loan outcome check · franchise brand · SBA data as of 30 September 2026

How have SBA loans to Cornwell Quality Tool Company,Inc franchisees turned out?

Of 77 loans approved in fiscal 2000 to 2012 (at least five years old), 27 (35.1%) were charged off by the lender, against 21.0% across all 7(a) loans approved in those same years. Cornwell Quality Tool Company,Inc appears on 77 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2012, $4.9 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.
Cornwell Quality Tool Company,IncFranchise brand · 77 loans
35%of seasoned loans charged off
  1. Cornwell Quality Tool Company,Inc appears on 77 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2012, $4.9 million in gross approvals.
  2. Of 77 loans approved in fiscal 2000 to 2012 (at least five years old), 27 (35.1%) were charged off by the lender, against 21.0% across all 7(a) loans approved in those same years.
  3. 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.
0%42%Fiscal 2000: 4 of 14 loans charged off (28.6%)Fiscal 2001: 5 of 12 loans charged off (41.7%)Fiscal 2002: 3 of 15 loans charged off (20.0%)200020012002
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 yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY200014$907,500104028.6%
FY200112$783,00075041.7%
FY200215$1.1 million123020.0%
FY20038$597,350440few loans
FY20046$419,000330few loans
FY20057$371,600340few loans
FY20063$168,400210few loans
FY20073$120,000210few loans
FY20083$161,000120few loans
FY20101$20,000100few loans
FY20114$202,300400few loans
FY20121$35,000100few loans

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.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a franchise, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.

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