How have SBA loans in Security Systems Services (except Locksmiths) turned out?
Of 1,695 loans approved in fiscal 2000 to 2021 (at least five years old), 280 (16.5%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Security Systems Services (except Locksmiths) appears on 1,973 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $508.5 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.
Security Systems Services (except Locksmiths)Industry NAICS 561621 · 1,973 loans
17%of seasoned loans charged off
Security Systems Services (except Locksmiths) appears on 1,973 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $508.5 million in gross approvals.
Of 1,695 loans approved in fiscal 2000 to 2021 (at least five years old), 280 (16.5%) 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
54
$10.1 million
49
5
0
9.3%
FY2001
50
$7.5 million
44
6
0
12.0%
FY2002
59
$11.8 million
54
5
0
8.5%
FY2003
108
$12.2 million
89
19
0
17.6%
FY2004
147
$21.0 million
124
23
0
15.6%
FY2005
127
$14.7 million
96
30
1
23.6%
FY2006
146
$14.8 million
104
42
0
28.8%
FY2007
141
$14.2 million
86
54
1
38.3%
FY2008
115
$15.4 million
71
44
0
38.3%
FY2009
63
$11.3 million
55
7
1
11.1%
FY2010
59
$11.0 million
54
5
0
8.5%
FY2011
66
$20.6 million
58
6
2
9.1%
FY2012
54
$16.9 million
51
2
1
3.7%
FY2013
44
$16.7 million
39
3
2
6.8%
FY2014
52
$8.2 million
47
4
1
7.7%
FY2015
62
$25.1 million
57
3
2
4.8%
FY2016
68
$20.6 million
56
5
7
7.4%
FY2017
65
$15.1 million
48
5
12
7.7%
FY2018
59
$16.4 million
43
6
10
10.2%
FY2019
59
$27.3 million
37
3
19
5.1%
FY2020
54
$41.5 million
25
0
29
0.0%
FY2021
43
$26.1 million
19
3
21
7.0%
FY2022
34
$22.8 million
10
0
24
too recent for a share
FY2023
57
$27.4 million
20
2
35
too recent for a share
FY2024
75
$30.2 million
9
1
65
too recent for a share
FY2025
78
$35.1 million
6
0
72
too recent for a share
FY2026
34
$14.3 million
0
0
34
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
192
50
26.0%
Texas
152
28
18.4%
Florida
128
33
25.8%
New York
105
13
12.4%
Ohio
63
10
15.9%
Utah
59
9
15.3%
Pennsylvania
58
5
8.6%
New Jersey
53
2
3.8%
Massachusetts
52
7
13.5%
Illinois
50
8
16.0%
Arizona
47
12
25.5%
Puerto Rico
46
5
10.9%
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.