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

How have SBA loans in Luggage and Leather Goods Stores turned out?

Of 177 loans approved in fiscal 2000 to 2021 (at least five years old), 44 (24.9%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Luggage and Leather Goods Stores appears on 179 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2022, $17.6 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.
Luggage and Leather Goods StoresIndustry NAICS 448320 · 179 loans
25%of seasoned loans charged off
  1. Luggage and Leather Goods Stores appears on 179 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2022, $17.6 million in gross approvals.
  2. Of 177 loans approved in fiscal 2000 to 2021 (at least five years old), 44 (24.9%) 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%48%Fiscal 2003: 3 of 13 loans charged off (23.1%)Fiscal 2004: 3 of 13 loans charged off (23.1%)Fiscal 2005: 6 of 15 loans charged off (40.0%)Fiscal 2006: 13 of 27 loans charged off (48.1%)Fiscal 2007: 5 of 13 loans charged off (38.5%)Fiscal 2008: 6 of 13 loans charged off (46.2%)Fiscal 2015: 1 of 10 loans charged off (10.0%)2003200420052006200720082015
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
FY20004$229,100400few loans
FY20013$177,500300few loans
FY20023$170,000300few loans
FY200313$2.0 million103023.1%
FY200413$428,000103023.1%
FY200515$577,78596040.0%
FY200627$2.6 million1413048.1%
FY200713$983,50085038.5%
FY200813$1.1 million76046.2%
FY20093$62,000210few loans
FY20103$1.1 million300few loans
FY20112$50,600200few loans
FY20123$209,000300few loans
FY20137$1.2 million700few loans
FY20146$365,000510few loans
FY201510$732,00091010.0%
FY20167$1.1 million610few loans
FY20179$371,800720few loans
FY20189$806,900513few loans
FY20195$775,000401few loans
FY20207$641,000412few loans
FY20212$1.5 million002few loans
FY20222$398,000200too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California401435.0%

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.

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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