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

How have SBA loans in General Freight Trucking, Local turned out?

Of 13,677 loans approved in fiscal 2000 to 2021 (at least five years old), 2,275 (16.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. General Freight Trucking, Local appears on 17,056 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.8 billion 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.
General Freight Trucking, LocalIndustry NAICS 484110 · 17,056 loans
17%of seasoned loans charged off
  1. General Freight Trucking, Local appears on 17,056 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $2.8 billion in gross approvals.
  2. Of 13,677 loans approved in fiscal 2000 to 2021 (at least five years old), 2,275 (16.6%) were charged off by the lender, against 15.6% 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%43%Fiscal 2000: 16 of 70 loans charged off (22.9%)Fiscal 2001: 41 of 256 loans charged off (16.0%)Fiscal 2002: 35 of 332 loans charged off (10.5%)Fiscal 2003: 56 of 422 loans charged off (13.3%)Fiscal 2004: 101 of 481 loans charged off (21.0%)Fiscal 2005: 166 of 679 loans charged off (24.4%)Fiscal 2006: 398 of 1,118 loans charged off (35.6%)Fiscal 2007: 529 of 1,228 loans charged off (43.1%)Fiscal 2008: 257 of 712 loans charged off (36.1%)Fiscal 2009: 46 of 365 loans charged off (12.6%)Fiscal 2010: 28 of 391 loans charged off (7.2%)Fiscal 2011: 22 of 418 loans charged off (5.3%)Fiscal 2012: 23 of 417 loans charged off (5.5%)Fiscal 2013: 22 of 442 loans charged off (5.0%)Fiscal 2014: 47 of 582 loans charged off (8.1%)Fiscal 2015: 70 of 792 loans charged off (8.8%)Fiscal 2016: 52 of 789 loans charged off (6.6%)Fiscal 2017: 81 of 799 loans charged off (10.1%)Fiscal 2018: 105 of 1,019 loans charged off (10.3%)Fiscal 2019: 80 of 754 loans charged off (10.6%)Fiscal 2020: 41 of 773 loans charged off (5.3%)Fiscal 2021: 59 of 838 loans charged off (7.0%)20002002200420062008201020122014201620182020
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
FY200070$17.8 million5416022.9%
FY2001256$27.9 million21441116.0%
FY2002332$48.5 million29735010.5%
FY2003422$32.1 million36656013.3%
FY2004481$46.7 million376101421.0%
FY2005679$50.9 million512166124.4%
FY20061,118$56.6 million720398035.6%
FY20071,228$63.5 million698529143.1%
FY2008712$53.6 million455257036.1%
FY2009365$36.6 million31746212.6%
FY2010391$54.4 million3632807.2%
FY2011418$73.9 million3962205.3%
FY2012417$61.7 million3912335.5%
FY2013442$54.4 million4182225.0%
FY2014582$70.8 million5294768.1%
FY2015792$115.2 million70270208.8%
FY2016789$101.7 million70652316.6%
FY2017799$135.0 million666815210.1%
FY20181,019$152.6 million80810510610.3%
FY2019754$120.4 million5378013710.6%
FY2020773$182.1 million580411525.3%
FY2021838$326.5 million475593047.0%
FY2022735$194.8 million23779419too recent for a share
FY2023931$205.4 million14292697too recent for a share
FY2024805$196.2 million7830697too recent for a share
FY2025628$203.8 million351592too recent for a share
FY2026280$119.3 million30277too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California1,43427619.3%
Ohio1,3811249.0%
Michigan1,1291099.7%
Texas91020422.4%
Illinois76714719.2%
New York63310616.8%
Pennsylvania5679116.1%
Indiana5105611.0%
Florida50917334.0%
New Jersey47312025.4%
Wisconsin371338.9%
Massachusetts3494412.6%

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.

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.

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