How have SBA loans in Floor Covering Stores turned out?
Of 2,403 loans approved in fiscal 2000 to 2021 (at least five years old), 497 (20.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Floor Covering Stores appears on 2,437 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $667.1 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.
Floor Covering Stores appears on 2,437 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $667.1 million in gross approvals.
Of 2,403 loans approved in fiscal 2000 to 2021 (at least five years old), 497 (20.7%) 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
90
$16.3 million
77
13
0
14.4%
FY2001
133
$32.4 million
113
20
0
15.0%
FY2002
128
$37.4 million
107
21
0
16.4%
FY2003
180
$27.4 million
156
24
0
13.3%
FY2004
225
$37.2 million
170
54
1
24.0%
FY2005
196
$37.4 million
124
69
3
35.2%
FY2006
237
$40.3 million
135
99
3
41.8%
FY2007
195
$35.0 million
100
94
1
48.2%
FY2008
111
$16.6 million
74
37
0
33.3%
FY2009
71
$13.3 million
60
10
1
14.1%
FY2010
68
$18.5 million
58
9
1
13.2%
FY2011
74
$19.6 million
67
5
2
6.8%
FY2012
74
$19.5 million
63
8
3
10.8%
FY2013
49
$19.5 million
47
1
1
2.0%
FY2014
78
$37.7 million
70
2
6
2.6%
FY2015
75
$30.9 million
62
7
6
9.3%
FY2016
73
$38.2 million
61
4
8
5.5%
FY2017
96
$39.9 million
64
11
21
11.5%
FY2018
68
$29.7 million
45
5
18
7.4%
FY2019
57
$19.6 million
35
2
20
3.5%
FY2020
59
$23.8 million
37
1
21
1.7%
FY2021
66
$60.8 million
27
1
38
1.5%
FY2022
29
$14.9 million
5
2
22
too recent for a share
FY2023
2
$825,700
0
0
2
too recent for a share
FY2024
3
$388,000
1
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
311
59
19.0%
Texas
177
39
22.0%
Florida
151
41
27.2%
New York
125
26
20.8%
Pennsylvania
108
18
16.7%
Ohio
104
18
17.3%
Michigan
94
27
28.7%
Minnesota
81
12
14.8%
Illinois
71
20
28.2%
Massachusetts
67
11
16.4%
Georgia
67
10
14.9%
New Jersey
65
16
24.6%
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.