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

How have SBA loans in Gift, Novelty, and Souvenir Stores turned out?

Of 5,460 loans approved in fiscal 2000 to 2021 (at least five years old), 1,340 (24.5%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Gift, Novelty, and Souvenir Stores appears on 5,521 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $603.1 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.
Gift, Novelty, and Souvenir StoresIndustry NAICS 453220 · 5,521 loans
25%of seasoned loans charged off
  1. Gift, Novelty, and Souvenir Stores appears on 5,521 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $603.1 million in gross approvals.
  2. Of 5,460 loans approved in fiscal 2000 to 2021 (at least five years old), 1,340 (24.5%) 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%40%Fiscal 2000: 62 of 275 loans charged off (22.5%)Fiscal 2001: 74 of 323 loans charged off (22.9%)Fiscal 2002: 77 of 325 loans charged off (23.7%)Fiscal 2003: 105 of 480 loans charged off (21.9%)Fiscal 2004: 129 of 555 loans charged off (23.2%)Fiscal 2005: 196 of 649 loans charged off (30.2%)Fiscal 2006: 235 of 611 loans charged off (38.5%)Fiscal 2007: 207 of 514 loans charged off (40.3%)Fiscal 2008: 124 of 347 loans charged off (35.7%)Fiscal 2009: 32 of 150 loans charged off (21.3%)Fiscal 2010: 20 of 121 loans charged off (16.5%)Fiscal 2011: 14 of 122 loans charged off (11.5%)Fiscal 2012: 11 of 86 loans charged off (12.8%)Fiscal 2013: 7 of 94 loans charged off (7.4%)Fiscal 2014: 4 of 90 loans charged off (4.4%)Fiscal 2015: 10 of 144 loans charged off (6.9%)Fiscal 2016: 7 of 126 loans charged off (5.6%)Fiscal 2017: 9 of 124 loans charged off (7.3%)Fiscal 2018: 4 of 96 loans charged off (4.2%)Fiscal 2019: 5 of 91 loans charged off (5.5%)Fiscal 2020: 5 of 53 loans charged off (9.4%)Fiscal 2021: 3 of 84 loans charged off (3.6%)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
FY2000275$30.2 million21362022.5%
FY2001323$34.5 million24974022.9%
FY2002325$30.8 million24877023.7%
FY2003480$36.5 million373105221.9%
FY2004555$40.2 million425129123.2%
FY2005649$39.3 million453196030.2%
FY2006611$45.7 million376235038.5%
FY2007514$41.0 million305207240.3%
FY2008347$31.5 million221124235.7%
FY2009150$18.8 million11732121.3%
FY2010121$10.5 million10120016.5%
FY2011122$15.9 million10714111.5%
FY201286$12.2 million7511012.8%
FY201394$23.8 million87707.4%
FY201490$14.3 million84424.4%
FY2015144$29.0 million1311036.9%
FY2016126$21.6 million112775.6%
FY2017124$20.4 million1009157.3%
FY201896$24.2 million744184.2%
FY201991$24.7 million615255.5%
FY202053$19.3 million275219.4%
FY202184$24.7 million453363.6%
FY202238$8.1 million11126too recent for a share
FY202313$3.8 million1210too recent for a share
FY20248$825,000008too recent for a share
FY20252$1.1 million011too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California59818731.3%
New York41010425.4%
Texas3508123.1%
Florida32810732.6%
Pennsylvania2325322.8%
Massachusetts1983216.2%
Ohio1733620.8%
New Jersey1674426.4%
Illinois1594628.9%
Michigan1424733.1%
Missouri1392920.9%
Minnesota1372719.7%

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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