How have SBA loans in Other Direct Selling Establishments turned out?
Of 3,100 loans approved in fiscal 2001 to 2021 (at least five years old), 500 (16.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Other Direct Selling Establishments appears on 3,198 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $776.8 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 Direct Selling EstablishmentsIndustry NAICS 454390 · 3,198 loans
16%of seasoned loans charged off
Other Direct Selling Establishments appears on 3,198 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2025, $776.8 million in gross approvals.
Of 3,100 loans approved in fiscal 2001 to 2021 (at least five years old), 500 (16.1%) 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
184
$19.6 million
132
52
0
28.3%
FY2002
185
$21.1 million
137
48
0
25.9%
FY2003
220
$27.3 million
165
55
0
25.0%
FY2004
149
$19.6 million
126
23
0
15.4%
FY2005
179
$18.8 million
132
47
0
26.3%
FY2006
146
$16.7 million
100
43
3
29.5%
FY2007
154
$21.4 million
102
50
2
32.5%
FY2008
129
$23.0 million
99
30
0
23.3%
FY2009
93
$17.8 million
77
16
0
17.2%
FY2010
116
$21.3 million
101
13
2
11.2%
FY2011
144
$37.4 million
131
7
6
4.9%
FY2012
98
$24.2 million
87
9
2
9.2%
FY2013
137
$40.4 million
111
15
11
10.9%
FY2014
115
$30.7 million
108
5
2
4.3%
FY2015
163
$40.6 million
133
19
11
11.7%
FY2016
177
$61.1 million
160
8
9
4.5%
FY2017
165
$51.7 million
130
15
20
9.1%
FY2018
144
$53.7 million
94
17
33
11.8%
FY2019
137
$51.2 million
73
16
48
11.7%
FY2020
109
$38.0 million
48
7
54
6.4%
FY2021
156
$101.9 million
72
5
79
3.2%
FY2022
56
$22.3 million
22
7
27
too recent for a share
FY2023
28
$12.3 million
6
1
21
too recent for a share
FY2024
8
$3.5 million
2
0
6
too recent for a share
FY2025
6
$1.2 million
0
0
6
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
355
61
17.2%
Texas
217
46
21.2%
Florida
186
43
23.1%
New York
166
23
13.9%
Ohio
132
24
18.2%
Pennsylvania
126
23
18.3%
Minnesota
122
17
13.9%
Wisconsin
102
16
15.7%
Illinois
92
15
16.3%
Michigan
87
10
11.5%
Washington
87
9
10.3%
Georgia
84
11
13.1%
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.