How have SBA loans in Limousine Service turned out?
Of 1,584 loans approved in fiscal 2001 to 2021 (at least five years old), 422 (26.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Limousine Service appears on 1,839 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $270.6 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.
Limousine Service appears on 1,839 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $270.6 million in gross approvals.
Of 1,584 loans approved in fiscal 2001 to 2021 (at least five years old), 422 (26.6%) 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
46
$6.0 million
37
9
0
19.6%
FY2002
45
$4.0 million
36
8
1
17.8%
FY2003
100
$8.1 million
74
26
0
26.0%
FY2004
94
$6.6 million
69
25
0
26.6%
FY2005
143
$10.1 million
91
52
0
36.4%
FY2006
142
$10.4 million
81
60
1
42.3%
FY2007
171
$11.6 million
89
82
0
48.0%
FY2008
75
$5.5 million
42
33
0
44.0%
FY2009
51
$5.7 million
44
7
0
13.7%
FY2010
34
$6.9 million
32
1
1
2.9%
FY2011
37
$6.2 million
34
3
0
8.1%
FY2012
32
$6.3 million
28
3
1
9.4%
FY2013
48
$8.7 million
41
7
0
14.6%
FY2014
87
$9.7 million
79
6
2
6.9%
FY2015
103
$13.6 million
87
12
4
11.7%
FY2016
87
$15.3 million
65
19
3
21.8%
FY2017
92
$23.4 million
58
19
15
20.7%
FY2018
92
$19.6 million
51
27
14
29.3%
FY2019
59
$11.3 million
27
18
14
30.5%
FY2020
22
$8.0 million
11
3
8
13.6%
FY2021
24
$10.6 million
14
2
8
8.3%
FY2022
32
$4.4 million
6
5
21
too recent for a share
FY2023
60
$15.0 million
7
5
48
too recent for a share
FY2024
70
$16.2 million
7
6
57
too recent for a share
FY2025
60
$15.5 million
2
0
58
too recent for a share
FY2026
33
$11.8 million
0
0
33
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
295
80
27.1%
New York
240
88
36.7%
Massachusetts
131
34
25.9%
New Jersey
121
41
33.9%
Illinois
106
41
38.7%
Florida
77
16
20.8%
Ohio
59
17
28.8%
Texas
54
14
25.9%
Pennsylvania
54
6
11.1%
Rhode Island
36
1
2.8%
Colorado
35
7
20.0%
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.