How have SBA loans in Limited-Service Restaurants turned out?
Of 27,424 loans approved in fiscal 2001 to 2021 (at least five years old), 6,415 (23.4%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Limited-Service Restaurants appears on 27,475 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $5.7 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.
Limited-Service Restaurants appears on 27,475 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $5.7 billion in gross approvals.
Of 27,424 loans approved in fiscal 2001 to 2021 (at least five years old), 6,415 (23.4%) 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
1,257
$256.6 million
1,038
216
3
17.2%
FY2002
1,927
$387.0 million
1,620
305
2
15.8%
FY2003
2,802
$488.0 million
2,289
505
8
18.0%
FY2004
3,019
$525.9 million
2,361
652
6
21.6%
FY2005
3,402
$617.4 million
2,533
860
9
25.3%
FY2006
3,518
$630.7 million
2,258
1,248
12
35.5%
FY2007
3,101
$625.2 million
1,905
1,172
24
37.8%
FY2008
2,396
$523.3 million
1,559
815
22
34.0%
FY2009
1,278
$297.4 million
1,038
235
5
18.4%
FY2010
1,366
$347.3 million
1,213
145
8
10.6%
FY2011
1,561
$464.9 million
1,384
157
20
10.1%
FY2012
1,296
$389.4 million
1,204
77
15
5.9%
FY2013
448
$158.4 million
418
23
7
5.1%
FY2014
44
$12.1 million
39
5
0
11.4%
FY2017
1
$50,000
1
0
0
few loans
FY2018
4
$4.7 million
4
0
0
few loans
FY2019
1
$2.0 million
1
0
0
few loans
FY2021
3
$574,400
2
0
1
few loans
FY2022
6
$2.1 million
2
3
1
too recent for a share
FY2023
21
$2.6 million
2
3
16
too recent for a share
FY2024
18
$2.1 million
2
0
16
too recent for a share
FY2025
4
$1.9 million
1
0
3
too recent for a share
FY2026
2
$1.3 million
0
0
2
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
3,374
807
23.9%
Texas
2,349
671
28.6%
New York
1,608
387
24.1%
Pennsylvania
1,372
261
19.0%
Ohio
1,300
282
21.7%
Florida
1,234
414
33.6%
New Jersey
985
241
24.5%
Illinois
982
216
22.0%
Washington
975
177
18.1%
Michigan
837
196
23.4%
Georgia
824
254
30.8%
Wisconsin
701
127
18.1%
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.