SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Department Stores (except Discount Department Stores) turned out?

Of 359 loans approved in fiscal 2003 to 2021 (at least five years old), 106 (29.5%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Department Stores (except Discount Department Stores) appears on 361 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2024, $23.3 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.
Department Stores (except Discount Department Stores)Industry NAICS 452111 · 361 loans
30%of seasoned loans charged off
  1. Department Stores (except Discount Department Stores) appears on 361 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2024, $23.3 million in gross approvals.
  2. Of 359 loans approved in fiscal 2003 to 2021 (at least five years old), 106 (29.5%) were charged off by the lender, against 15.7% 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%50%Fiscal 2004: 3 of 13 loans charged off (23.1%)Fiscal 2005: 3 of 17 loans charged off (17.6%)Fiscal 2006: 17 of 37 loans charged off (45.9%)Fiscal 2007: 36 of 121 loans charged off (29.8%)Fiscal 2008: 31 of 62 loans charged off (50.0%)Fiscal 2010: 0 of 13 loans charged off (0.0%)Fiscal 2011: 2 of 21 loans charged off (9.5%)Fiscal 2015: 1 of 10 loans charged off (10.0%)Fiscal 2016: 6 of 21 loans charged off (28.6%)Fiscal 2017: 2 of 15 loans charged off (13.3%)2004200520062007200820102011201520162017
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
FY20033$97,000300few loans
FY200413$1.1 million103023.1%
FY200517$893,500143017.6%
FY200637$1.3 million2017045.9%
FY2007121$5.8 million8536029.8%
FY200862$3.9 million3131050.0%
FY20093$166,500210few loans
FY201013$627,60013000.0%
FY201121$623,20019209.5%
FY20128$375,700800few loans
FY20135$287,000410few loans
FY20144$579,000400few loans
FY201510$1.1 million81110.0%
FY201621$2.6 million136228.6%
FY201715$912,000122113.3%
FY20184$110,000310few loans
FY20212$188,900020few loans
FY20242$2.7 million002too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2003 to 2021)Charged offShare
Texas721419.4%
New York622337.1%
Illinois31929.0%

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 business in this industry, 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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