How have SBA loans in Electronic Shopping turned out?
Of 2,306 loans approved in fiscal 2003 to 2021 (at least five years old), 409 (17.7%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Electronic Shopping appears on 2,481 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2025, $454.0 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.
Electronic Shopping appears on 2,481 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2025, $454.0 million in gross approvals.
Of 2,306 loans approved in fiscal 2003 to 2021 (at least five years old), 409 (17.7%) were charged off by the lender, against 15.7% 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
FY2003
10
$1.1 million
7
3
0
30.0%
FY2004
66
$4.5 million
56
10
0
15.2%
FY2005
65
$8.9 million
43
22
0
33.8%
FY2006
127
$7.4 million
77
50
0
39.4%
FY2007
152
$13.4 million
96
56
0
36.8%
FY2008
110
$13.1 million
71
39
0
35.5%
FY2009
182
$10.9 million
140
41
1
22.5%
FY2010
176
$19.4 million
138
37
1
21.0%
FY2011
143
$31.7 million
125
17
1
11.9%
FY2012
128
$21.9 million
117
8
3
6.3%
FY2013
135
$44.4 million
124
10
1
7.4%
FY2014
187
$43.5 million
164
21
2
11.2%
FY2015
206
$51.9 million
179
18
9
8.7%
FY2016
363
$75.9 million
307
44
12
12.1%
FY2017
137
$27.0 million
94
23
20
16.8%
FY2018
85
$41.1 million
65
6
14
7.1%
FY2019
21
$10.5 million
13
4
4
19.0%
FY2020
8
$3.0 million
3
0
5
few loans
FY2021
5
$2.8 million
2
0
3
few loans
FY2022
26
$3.4 million
5
3
18
too recent for a share
FY2023
94
$10.4 million
14
15
65
too recent for a share
FY2024
52
$7.6 million
7
3
42
too recent for a share
FY2025
3
$280,000
0
0
3
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2003 to 2021)
Charged off
Share
California
395
69
17.5%
New York
214
33
15.4%
Florida
159
38
23.9%
Utah
117
20
17.1%
Texas
108
20
18.5%
New Jersey
91
14
15.4%
Ohio
79
8
10.1%
Illinois
73
12
16.4%
Pennsylvania
66
16
24.2%
Washington
64
6
9.4%
Georgia
61
14
22.9%
North Carolina
60
16
26.7%
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.