How have SBA loans in Family Clothing Stores turned out?
Of 2,183 loans approved in fiscal 2000 to 2021 (at least five years old), 627 (28.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Family Clothing Stores appears on 2,213 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $251.9 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.
Family Clothing StoresIndustry NAICS 448140 · 2,213 loans
29%of seasoned loans charged off
Family Clothing Stores appears on 2,213 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $251.9 million in gross approvals.
Of 2,183 loans approved in fiscal 2000 to 2021 (at least five years old), 627 (28.7%) 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
FY2000
84
$10.0 million
70
14
0
16.7%
FY2001
85
$9.4 million
69
16
0
18.8%
FY2002
109
$11.7 million
94
15
0
13.8%
FY2003
221
$12.0 million
158
63
0
28.5%
FY2004
237
$12.2 million
154
83
0
35.0%
FY2005
199
$13.6 million
120
78
1
39.2%
FY2006
251
$15.5 million
127
123
1
49.0%
FY2007
220
$18.2 million
112
106
2
48.2%
FY2008
105
$8.5 million
63
41
1
39.0%
FY2009
51
$6.2 million
30
21
0
41.2%
FY2010
63
$10.1 million
51
9
3
14.3%
FY2011
54
$15.3 million
44
9
1
16.7%
FY2012
44
$6.4 million
37
6
1
13.6%
FY2013
63
$14.2 million
55
7
1
11.1%
FY2014
50
$6.2 million
43
5
2
10.0%
FY2015
64
$8.4 million
54
6
4
9.4%
FY2016
64
$13.9 million
54
4
6
6.3%
FY2017
58
$10.9 million
45
7
6
12.1%
FY2018
54
$11.7 million
36
7
11
13.0%
FY2019
38
$6.0 million
28
2
8
5.3%
FY2020
30
$9.3 million
18
3
9
10.0%
FY2021
39
$14.2 million
23
2
14
5.1%
FY2022
20
$6.9 million
9
3
8
too recent for a share
FY2023
8
$1.0 million
0
0
8
too recent for a share
FY2024
2
$350,000
0
0
2
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2000 to 2021)
Charged off
Share
California
385
130
33.8%
New York
209
67
32.1%
Texas
136
42
30.9%
Florida
97
27
27.8%
Michigan
83
29
34.9%
Pennsylvania
82
17
20.7%
New Jersey
79
22
27.9%
Illinois
66
25
37.9%
Ohio
60
17
28.3%
Massachusetts
55
11
20.0%
Georgia
53
21
39.6%
Minnesota
53
13
24.5%
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.