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

How have SBA loans in Other Clothing Stores turned out?

Of 3,725 loans approved in fiscal 2001 to 2021 (at least five years old), 894 (24.0%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Other Clothing Stores appears on 3,810 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $502.6 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.
Other Clothing StoresIndustry NAICS 448190 · 3,810 loans
24%of seasoned loans charged off
  1. Other Clothing Stores appears on 3,810 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $502.6 million in gross approvals.
  2. Of 3,725 loans approved in fiscal 2001 to 2021 (at least five years old), 894 (24.0%) 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%47%Fiscal 2001: 17 of 91 loans charged off (18.7%)Fiscal 2002: 23 of 142 loans charged off (16.2%)Fiscal 2003: 32 of 159 loans charged off (20.1%)Fiscal 2004: 67 of 249 loans charged off (26.9%)Fiscal 2005: 122 of 375 loans charged off (32.5%)Fiscal 2006: 161 of 405 loans charged off (39.8%)Fiscal 2007: 196 of 418 loans charged off (46.9%)Fiscal 2008: 125 of 298 loans charged off (41.9%)Fiscal 2009: 27 of 102 loans charged off (26.5%)Fiscal 2010: 11 of 120 loans charged off (9.2%)Fiscal 2011: 10 of 120 loans charged off (8.3%)Fiscal 2012: 13 of 110 loans charged off (11.8%)Fiscal 2013: 13 of 115 loans charged off (11.3%)Fiscal 2014: 11 of 127 loans charged off (8.7%)Fiscal 2015: 18 of 178 loans charged off (10.1%)Fiscal 2016: 14 of 163 loans charged off (8.6%)Fiscal 2017: 17 of 161 loans charged off (10.6%)Fiscal 2018: 9 of 118 loans charged off (7.6%)Fiscal 2019: 3 of 100 loans charged off (3.0%)Fiscal 2020: 3 of 74 loans charged off (4.1%)Fiscal 2021: 2 of 100 loans charged off (2.0%)20012003200520072009201120132015201720192021
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
FY200191$10.0 million7417018.7%
FY2002142$16.6 million11923016.2%
FY2003159$11.5 million12732020.1%
FY2004249$17.7 million18267026.9%
FY2005375$20.3 million253122032.5%
FY2006405$21.8 million244161039.8%
FY2007418$26.8 million222196046.9%
FY2008298$26.5 million173125041.9%
FY2009102$11.4 million7427126.5%
FY2010120$13.7 million1081119.2%
FY2011120$16.6 million1081028.3%
FY2012110$17.3 million9513211.8%
FY2013115$20.7 million9813411.3%
FY2014127$32.4 million1131138.7%
FY2015178$33.5 million15618410.1%
FY2016163$34.5 million13614138.6%
FY2017161$32.3 million124172010.6%
FY2018118$22.4 million789317.6%
FY2019100$26.2 million593383.0%
FY202074$27.0 million373344.1%
FY2021100$46.9 million452532.0%
FY202255$11.5 million16138too recent for a share
FY202317$2.9 million458too recent for a share
FY20247$1.0 million007too recent for a share
FY20256$1.2 million006too recent for a share

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

StateLoans (FY2001 to 2021)Charged offShare
California54419736.2%
Texas2826523.1%
New York2495220.9%
Florida1926131.8%
Pennsylvania1432416.8%
Ohio1422618.3%
Illinois1293728.7%
New Jersey1042524.0%
North Carolina962020.8%
Massachusetts9188.8%
Michigan911415.4%
Virginia902730.0%

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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