Of 1,131 loans approved in fiscal 2000 to 2021 (at least five years old), 224 (19.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. New Car Dealers appears on 1,237 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $950.4 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.
New Car DealersIndustry NAICS 441110 · 1,237 loans
20%of seasoned loans charged off
New Car Dealers appears on 1,237 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $950.4 million in gross approvals.
Of 1,131 loans approved in fiscal 2000 to 2021 (at least five years old), 224 (19.8%) 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
$17.1 million
50
7
0
12.3%
FY2001
41
$13.6 million
35
5
1
12.2%
FY2002
52
$22.5 million
44
7
1
13.5%
FY2003
45
$11.6 million
35
10
0
22.2%
FY2004
89
$20.1 million
60
29
0
32.6%
FY2005
91
$18.3 million
61
30
0
33.0%
FY2006
109
$19.8 million
67
42
0
38.5%
FY2007
82
$12.1 million
43
39
0
47.6%
FY2008
41
$9.6 million
27
14
0
34.1%
FY2009
79
$50.4 million
65
12
2
15.2%
FY2010
91
$84.7 million
80
9
2
9.9%
FY2011
57
$73.1 million
54
1
2
1.8%
FY2012
49
$70.5 million
45
2
2
4.1%
FY2013
33
$44.1 million
28
0
5
0.0%
FY2014
26
$32.8 million
22
1
3
3.8%
FY2015
32
$28.0 million
27
4
1
12.5%
FY2016
38
$26.0 million
34
3
1
7.9%
FY2017
27
$12.1 million
23
4
0
14.8%
FY2018
23
$13.6 million
16
3
4
13.0%
FY2019
14
$20.1 million
6
1
7
7.1%
FY2020
14
$22.3 million
7
1
6
7.1%
FY2021
41
$107.9 million
18
0
23
0.0%
FY2022
26
$60.0 million
5
2
19
too recent for a share
FY2023
22
$53.4 million
2
0
20
too recent for a share
FY2024
22
$58.0 million
3
0
19
too recent for a share
FY2025
28
$36.6 million
0
0
28
too recent for a share
FY2026
8
$12.1 million
0
0
8
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
119
29
24.4%
Texas
109
21
19.3%
New York
67
19
28.4%
Utah
50
12
24.0%
Georgia
44
12
27.3%
Wisconsin
42
5
11.9%
Pennsylvania
40
10
25.0%
Ohio
40
5
12.5%
Florida
39
17
43.6%
Illinois
36
3
8.3%
Indiana
33
2
6.1%
Minnesota
32
7
21.9%
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.