How have SBA loans in Sewing, Needlework, and Piece Goods Stores turned out?
Of 1,138 loans approved in fiscal 2000 to 2021 (at least five years old), 206 (18.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Sewing, Needlework, and Piece Goods Stores appears on 1,149 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $110.7 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.
Sewing, Needlework, and Piece Goods Stores appears on 1,149 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $110.7 million in gross approvals.
Of 1,138 loans approved in fiscal 2000 to 2021 (at least five years old), 206 (18.1%) 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
FY2000
31
$3.4 million
26
5
0
16.1%
FY2001
47
$5.5 million
40
7
0
14.9%
FY2002
65
$4.7 million
57
8
0
12.3%
FY2003
101
$6.3 million
91
10
0
9.9%
FY2004
107
$6.5 million
87
19
1
17.8%
FY2005
124
$7.6 million
89
35
0
28.2%
FY2006
94
$6.6 million
63
31
0
33.0%
FY2007
106
$4.8 million
69
37
0
34.9%
FY2008
77
$3.7 million
54
23
0
29.9%
FY2009
44
$2.7 million
35
9
0
20.5%
FY2010
47
$3.7 million
44
3
0
6.4%
FY2011
28
$3.7 million
26
2
0
7.1%
FY2012
28
$1.9 million
27
1
0
3.6%
FY2013
30
$4.9 million
29
1
0
3.3%
FY2014
28
$4.7 million
26
1
1
3.6%
FY2015
32
$5.2 million
27
1
4
3.1%
FY2016
24
$4.6 million
20
3
1
12.5%
FY2017
37
$6.7 million
24
3
10
8.1%
FY2018
27
$1.8 million
21
4
2
14.8%
FY2019
16
$2.4 million
10
1
5
6.3%
FY2020
18
$7.2 million
10
0
8
0.0%
FY2021
27
$10.2 million
12
2
13
7.4%
FY2022
7
$1.3 million
1
0
6
too recent for a share
FY2023
2
$119,000
0
0
2
too recent for a share
FY2024
1
$100,000
0
0
1
too recent for a share
FY2025
1
$353,300
0
0
1
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
131
46
35.1%
Texas
91
15
16.5%
Ohio
55
5
9.1%
Florida
53
16
30.2%
New York
52
7
13.5%
Wisconsin
42
5
11.9%
North Carolina
38
11
28.9%
Washington
34
4
11.8%
Minnesota
30
4
13.3%
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.