How have SBA loans in General Freight Trucking, Long-Distance, Less Than Truckload turned out?
Of 831 loans approved in fiscal 2001 to 2021 (at least five years old), 160 (19.3%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. General Freight Trucking, Long-Distance, Less Than Truckload appears on 1,125 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $205.5 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.
General Freight Trucking, Long-Distance, Less Than TruckloadIndustry NAICS 484122 · 1,125 loans
19%of seasoned loans charged off
General Freight Trucking, Long-Distance, Less Than Truckload appears on 1,125 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $205.5 million in gross approvals.
Of 831 loans approved in fiscal 2001 to 2021 (at least five years old), 160 (19.3%) 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
FY2001
11
$3.5 million
10
1
0
9.1%
FY2002
17
$2.6 million
16
1
0
5.9%
FY2003
18
$1.6 million
16
2
0
11.1%
FY2004
34
$6.6 million
31
3
0
8.8%
FY2005
38
$6.7 million
19
19
0
50.0%
FY2006
54
$5.2 million
25
29
0
53.7%
FY2007
70
$3.1 million
34
36
0
51.4%
FY2008
50
$2.5 million
36
14
0
28.0%
FY2009
15
$3.5 million
13
2
0
13.3%
FY2010
26
$9.7 million
25
1
0
3.8%
FY2011
35
$9.9 million
28
5
2
14.3%
FY2012
36
$10.3 million
35
1
0
2.8%
FY2013
35
$5.1 million
31
3
1
8.6%
FY2014
46
$13.3 million
42
4
0
8.7%
FY2015
47
$15.8 million
39
7
1
14.9%
FY2016
50
$11.6 million
43
6
1
12.0%
FY2017
42
$11.5 million
35
4
3
9.5%
FY2018
57
$8.5 million
51
4
2
7.0%
FY2019
54
$11.5 million
38
7
9
13.0%
FY2020
43
$6.0 million
31
5
7
11.6%
FY2021
53
$11.9 million
31
6
16
11.3%
FY2022
84
$13.1 million
24
14
46
too recent for a share
FY2023
74
$8.1 million
10
6
58
too recent for a share
FY2024
60
$7.1 million
8
2
50
too recent for a share
FY2025
63
$16.0 million
0
0
63
too recent for a share
FY2026
13
$990,000
0
0
13
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
California
110
23
20.9%
Ohio
87
11
12.6%
Michigan
72
14
19.4%
Texas
53
18
34.0%
Pennsylvania
45
12
26.7%
Illinois
44
6
13.6%
North Carolina
38
3
7.9%
Indiana
31
4
12.9%
Utah
30
3
10.0%
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.