How have SBA loans in Fine Arts Schools turned out?
Of 1,795 loans approved in fiscal 2000 to 2021 (at least five years old), 217 (12.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Fine Arts Schools appears on 2,286 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $445.3 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.
Fine Arts SchoolsIndustry NAICS 611610 · 2,286 loans
12%of seasoned loans charged off
Fine Arts Schools appears on 2,286 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $445.3 million in gross approvals.
Of 1,795 loans approved in fiscal 2000 to 2021 (at least five years old), 217 (12.1%) 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
12
$1.9 million
12
0
0
0.0%
FY2001
34
$4.7 million
31
3
0
8.8%
FY2002
59
$9.9 million
53
6
0
10.2%
FY2003
81
$7.9 million
69
12
0
14.8%
FY2004
89
$6.1 million
75
14
0
15.7%
FY2005
153
$17.3 million
123
27
3
17.6%
FY2006
152
$11.4 million
115
35
2
23.0%
FY2007
113
$7.8 million
75
36
2
31.9%
FY2008
76
$9.0 million
58
17
1
22.4%
FY2009
55
$6.7 million
49
5
1
9.1%
FY2010
50
$5.8 million
47
2
1
4.0%
FY2011
55
$8.7 million
49
3
3
5.5%
FY2012
50
$10.1 million
46
1
3
2.0%
FY2013
60
$6.0 million
57
1
2
1.7%
FY2014
78
$16.4 million
69
3
6
3.8%
FY2015
94
$15.9 million
75
10
9
10.6%
FY2016
112
$23.7 million
86
9
17
8.0%
FY2017
115
$30.6 million
83
7
25
6.1%
FY2018
115
$31.5 million
73
13
29
11.3%
FY2019
125
$39.9 million
69
11
45
8.8%
FY2020
67
$22.3 million
38
2
27
3.0%
FY2021
50
$19.1 million
16
0
34
0.0%
FY2022
62
$21.6 million
13
3
46
too recent for a share
FY2023
96
$22.8 million
12
2
82
too recent for a share
FY2024
107
$26.2 million
9
1
97
too recent for a share
FY2025
140
$38.7 million
3
1
136
too recent for a share
FY2026
86
$23.3 million
2
0
84
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
190
34
17.9%
Texas
145
14
9.7%
New York
139
18
13.0%
New Jersey
101
14
13.9%
Massachusetts
89
8
9.0%
Pennsylvania
87
4
4.6%
Ohio
71
10
14.1%
Florida
69
18
26.1%
Utah
60
5
8.3%
Illinois
57
6
10.5%
Georgia
49
8
16.3%
Wisconsin
44
3
6.8%
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.