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

How have SBA loans in Employment Placement Agencies turned out?

Of 1,317 loans approved in fiscal 2000 to 2020 (at least five years old), 303 (23.0%) were charged off by the lender, against 16.1% across all 7(a) loans approved in those same years. Employment Placement Agencies appears on 1,332 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $117.6 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.
Employment Placement AgenciesIndustry NAICS 561310 · 1,332 loans
23%of seasoned loans charged off
  1. Employment Placement Agencies appears on 1,332 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $117.6 million in gross approvals.
  2. Of 1,317 loans approved in fiscal 2000 to 2020 (at least five years old), 303 (23.0%) were charged off by the lender, against 16.1% 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%34%Fiscal 2000: 8 of 36 loans charged off (22.2%)Fiscal 2001: 28 of 121 loans charged off (23.1%)Fiscal 2002: 11 of 124 loans charged off (8.9%)Fiscal 2003: 21 of 156 loans charged off (13.5%)Fiscal 2004: 38 of 204 loans charged off (18.6%)Fiscal 2005: 60 of 249 loans charged off (24.1%)Fiscal 2006: 72 of 209 loans charged off (34.4%)Fiscal 2007: 60 of 197 loans charged off (30.5%)20002001200220032004200520062007
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
FY200036$4.9 million288022.2%
FY2001121$16.6 million9328023.1%
FY2002124$13.0 million1131108.9%
FY2003156$11.0 million13421113.5%
FY2004204$12.9 million16638018.6%
FY2005249$18.1 million18760224.1%
FY2006209$18.6 million13772034.4%
FY2007197$19.7 million13760030.5%
FY20087$65,000520few loans
FY20094$125,500310few loans
FY20101$7,500100few loans
FY20112$40,000020few loans
FY20122$535,000200few loans
FY20132$121,000200few loans
FY20141$100,000100few loans
FY20181$76,000100few loans
FY20201$150,000100few loans
FY20224$339,000004too recent for a share
FY20237$702,000007too recent for a share
FY20244$480,000013too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California1734827.8%
Texas1233226.0%
Florida962829.2%
New York941819.1%
Massachusetts7168.5%
Pennsylvania711419.7%
New Jersey611321.3%
Georgia521325.0%
Illinois451328.9%
Ohio45920.0%
North Carolina39512.8%
Maryland351234.3%

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.

☆ Save