Of 1,825 loans approved in fiscal 2000 to 2021 (at least five years old), 454 (24.9%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Shoe Stores appears on 1,856 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $275.1 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.
Shoe StoresIndustry NAICS 448210 · 1,856 loans
25%of seasoned loans charged off
Shoe Stores appears on 1,856 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $275.1 million in gross approvals.
Of 1,825 loans approved in fiscal 2000 to 2021 (at least five years old), 454 (24.9%) 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
59
$6.5 million
48
11
0
18.6%
FY2001
80
$10.5 million
64
16
0
20.0%
FY2002
109
$12.6 million
91
18
0
16.5%
FY2003
98
$9.4 million
78
20
0
20.4%
FY2004
146
$16.0 million
105
39
2
26.7%
FY2005
161
$14.3 million
108
53
0
32.9%
FY2006
165
$14.3 million
91
74
0
44.8%
FY2007
189
$17.6 million
106
83
0
43.9%
FY2008
122
$11.0 million
70
50
2
41.0%
FY2009
60
$7.1 million
46
14
0
23.3%
FY2010
60
$11.4 million
52
8
0
13.3%
FY2011
60
$10.8 million
55
5
0
8.3%
FY2012
46
$9.1 million
44
2
0
4.3%
FY2013
61
$12.5 million
50
11
0
18.0%
FY2014
56
$9.9 million
52
3
1
5.4%
FY2015
68
$17.0 million
48
17
3
25.0%
FY2016
61
$13.1 million
48
8
5
13.1%
FY2017
55
$11.6 million
40
7
8
12.7%
FY2018
57
$13.3 million
40
4
13
7.0%
FY2019
52
$19.4 million
31
5
16
9.6%
FY2020
23
$6.0 million
12
1
10
4.3%
FY2021
37
$12.8 million
14
5
18
13.5%
FY2022
22
$7.0 million
5
4
13
too recent for a share
FY2023
5
$560,000
1
0
4
too recent for a share
FY2024
4
$1.4 million
2
0
2
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
248
74
29.8%
New York
167
45
27.0%
Texas
129
36
27.9%
Pennsylvania
92
16
17.4%
Florida
89
32
36.0%
New Jersey
75
22
29.3%
North Carolina
57
13
22.8%
Ohio
56
7
12.5%
Illinois
56
13
23.2%
Georgia
52
17
32.7%
Colorado
41
10
24.4%
Washington
41
4
9.8%
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.