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

How have SBA loans in Hardware Stores turned out?

Of 3,332 loans approved in fiscal 2000 to 2021 (at least five years old), 514 (15.4%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Hardware Stores appears on 3,392 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $1.2 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.
Hardware StoresIndustry NAICS 444130 · 3,392 loans
15%of seasoned loans charged off
  1. Hardware Stores appears on 3,392 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $1.2 billion in gross approvals.
  2. Of 3,332 loans approved in fiscal 2000 to 2021 (at least five years old), 514 (15.4%) 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%38%Fiscal 2000: 24 of 162 loans charged off (14.8%)Fiscal 2001: 22 of 149 loans charged off (14.8%)Fiscal 2002: 20 of 164 loans charged off (12.2%)Fiscal 2003: 26 of 200 loans charged off (13.0%)Fiscal 2004: 47 of 223 loans charged off (21.1%)Fiscal 2005: 53 of 262 loans charged off (20.2%)Fiscal 2006: 77 of 222 loans charged off (34.7%)Fiscal 2007: 82 of 217 loans charged off (37.8%)Fiscal 2008: 56 of 153 loans charged off (36.6%)Fiscal 2009: 21 of 118 loans charged off (17.8%)Fiscal 2010: 16 of 132 loans charged off (12.1%)Fiscal 2011: 9 of 121 loans charged off (7.4%)Fiscal 2012: 9 of 137 loans charged off (6.6%)Fiscal 2013: 7 of 98 loans charged off (7.1%)Fiscal 2014: 2 of 103 loans charged off (1.9%)Fiscal 2015: 8 of 123 loans charged off (6.5%)Fiscal 2016: 12 of 129 loans charged off (9.3%)Fiscal 2017: 6 of 117 loans charged off (5.1%)Fiscal 2018: 10 of 135 loans charged off (7.4%)Fiscal 2019: 2 of 91 loans charged off (2.2%)Fiscal 2020: 1 of 110 loans charged off (0.9%)Fiscal 2021: 4 of 166 loans charged off (2.4%)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
FY2000162$38.5 million13824014.8%
FY2001149$41.0 million12722014.8%
FY2002164$47.2 million14420012.2%
FY2003200$44.1 million17426013.0%
FY2004223$53.8 million17647021.1%
FY2005262$51.7 million20753220.2%
FY2006222$51.5 million14177434.7%
FY2007217$63.8 million13382237.8%
FY2008153$43.9 million9656136.6%
FY2009118$38.7 million9721017.8%
FY2010132$39.9 million11516112.1%
FY2011121$43.2 million107957.4%
FY2012137$49.2 million123956.6%
FY201398$40.8 million87747.1%
FY2014103$35.9 million96251.9%
FY2015123$74.6 million106896.5%
FY2016129$61.7 million10712109.3%
FY2017117$50.5 million906215.1%
FY2018135$63.4 million10010257.4%
FY201991$52.8 million632262.2%
FY2020110$75.1 million521570.9%
FY2021166$127.9 million5341092.4%
FY202243$26.1 million16225too recent for a share
FY20237$2.0 million304too recent for a share
FY20249$3.5 million207too recent for a share
FY20251$150,000001too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California2414016.6%
New York2153516.3%
Texas1933719.2%
Ohio1692213.0%
Michigan1562817.9%
Minnesota1501510.0%
Wisconsin1421510.6%
Pennsylvania1382115.2%
Washington107109.3%
Puerto Rico1031514.6%
Indiana1001818.0%
Georgia942930.9%

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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