How have SBA loans in Musical Instrument and Supplies Stores turned out?
Of 1,217 loans approved in fiscal 2000 to 2021 (at least five years old), 185 (15.2%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Musical Instrument and Supplies Stores appears on 1,232 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $226.3 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.
Musical Instrument and Supplies StoresIndustry NAICS 451140 · 1,232 loans
15%of seasoned loans charged off
Musical Instrument and Supplies Stores appears on 1,232 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $226.3 million in gross approvals.
Of 1,217 loans approved in fiscal 2000 to 2021 (at least five years old), 185 (15.2%) 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
FY2000
57
$8.1 million
48
9
0
15.8%
FY2001
44
$6.6 million
36
8
0
18.2%
FY2002
63
$13.0 million
54
9
0
14.3%
FY2003
86
$11.0 million
73
12
1
14.0%
FY2004
91
$10.4 million
68
23
0
25.3%
FY2005
97
$12.5 million
65
32
0
33.0%
FY2006
88
$9.7 million
67
21
0
23.9%
FY2007
76
$8.4 million
50
26
0
34.2%
FY2008
58
$11.3 million
46
11
1
19.0%
FY2009
45
$9.1 million
39
6
0
13.3%
FY2010
35
$6.3 million
29
2
4
5.7%
FY2011
55
$11.2 million
50
2
3
3.6%
FY2012
43
$6.1 million
41
2
0
4.7%
FY2013
47
$14.4 million
44
2
1
4.3%
FY2014
43
$9.5 million
41
0
2
0.0%
FY2015
47
$10.6 million
40
3
4
6.4%
FY2016
36
$8.1 million
33
2
1
5.6%
FY2017
54
$14.5 million
39
4
11
7.4%
FY2018
45
$6.5 million
26
7
12
15.6%
FY2019
45
$11.4 million
27
1
17
2.2%
FY2020
29
$10.9 million
16
2
11
6.9%
FY2021
33
$13.3 million
17
1
15
3.0%
FY2022
10
$2.3 million
3
1
6
too recent for a share
FY2023
3
$831,000
0
0
3
too recent for a share
FY2024
2
$295,000
0
0
2
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2000 to 2021)
Charged off
Share
California
132
29
22.0%
Texas
89
11
12.4%
New York
69
8
11.6%
Pennsylvania
57
7
12.3%
Ohio
48
3
6.3%
Massachusetts
47
4
8.5%
Florida
47
7
14.9%
Minnesota
44
7
15.9%
Illinois
40
11
27.5%
Utah
39
0
0.0%
Michigan
31
7
22.6%
Washington
30
5
16.7%
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.