SBA loan outcome check · franchise brand · SBA data as of 30 September 2026

How have SBA loans to Snap-On-Tools franchisees turned out?

Of 71 loans approved in fiscal 2000 to 2012 (at least five years old), 9 (12.7%) were charged off by the lender, against 21.0% across all 7(a) loans approved in those same years. Snap-On-Tools appears on 71 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2012, $8.3 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.

Snap-On-ToolsFranchise brand · 71 loans

13%of seasoned loans charged off

Snap-On-Tools appears on 71 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2012, $8.3 million in gross approvals.
Of 71 loans approved in fiscal 2000 to 2012 (at least five years old), 9 (12.7%) were charged off by the lender, against 21.0% 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.

Every approval year

Approval year	Loans	Approved	Paid in full	Charged off	Charged-off share
FY2000	5	$644,800	5	0	few loans
FY2001	13	$1.7 million	10	3	23.1%
FY2002	5	$383,153	5	0	few loans
FY2003	8	$694,000	8	0	few loans
FY2004	8	$1.0 million	8	0	few loans
FY2005	12	$993,500	7	5	41.7%
FY2006	1	$119,000	1	0	few loans
FY2007	4	$514,100	4	0	few loans
FY2008	3	$545,800	3	0	few loans
FY2009	2	$160,000	2	0	few loans
FY2010	5	$838,000	5	0	few loans
FY2011	2	$451,600	1	1	few loans
FY2012	3	$267,200	3	0	few loans

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 franchise, 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.