SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Specialized Freight (except Used Goods) Trucking, Local turned out?

Of 3,719 loans approved in fiscal 2001 to 2021 (at least five years old), 551 (14.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Specialized Freight (except Used Goods) Trucking, Local appears on 4,492 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $774.2 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.
Specialized Freight (except Used Goods) Trucking, LocalIndustry NAICS 484220 · 4,492 loans
15%of seasoned loans charged off
  1. Specialized Freight (except Used Goods) Trucking, Local appears on 4,492 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $774.2 million in gross approvals.
  2. Of 3,719 loans approved in fiscal 2001 to 2021 (at least five years old), 551 (14.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
  3. 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.
0%33%Fiscal 2001: 8 of 58 loans charged off (13.8%)Fiscal 2002: 17 of 103 loans charged off (16.5%)Fiscal 2003: 22 of 144 loans charged off (15.3%)Fiscal 2004: 33 of 221 loans charged off (14.9%)Fiscal 2005: 62 of 295 loans charged off (21.0%)Fiscal 2006: 94 of 338 loans charged off (27.8%)Fiscal 2007: 90 of 276 loans charged off (32.6%)Fiscal 2008: 43 of 186 loans charged off (23.1%)Fiscal 2009: 15 of 124 loans charged off (12.1%)Fiscal 2010: 12 of 123 loans charged off (9.8%)Fiscal 2011: 13 of 145 loans charged off (9.0%)Fiscal 2012: 7 of 102 loans charged off (6.9%)Fiscal 2013: 10 of 137 loans charged off (7.3%)Fiscal 2014: 15 of 138 loans charged off (10.9%)Fiscal 2015: 26 of 206 loans charged off (12.6%)Fiscal 2016: 15 of 192 loans charged off (7.8%)Fiscal 2017: 23 of 207 loans charged off (11.1%)Fiscal 2018: 21 of 199 loans charged off (10.6%)Fiscal 2019: 10 of 161 loans charged off (6.2%)Fiscal 2020: 7 of 178 loans charged off (3.9%)Fiscal 2021: 8 of 186 loans charged off (4.3%)20012003200520072009201120132015201720192021
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 yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY200158$10.6 million508013.8%
FY2002103$14.6 million8517116.5%
FY2003144$16.6 million12222015.3%
FY2004221$24.2 million18633214.9%
FY2005295$23.6 million23362021.0%
FY2006338$28.3 million24494027.8%
FY2007276$22.1 million18690032.6%
FY2008186$17.1 million14343023.1%
FY2009124$19.4 million10815112.1%
FY2010123$17.8 million1101219.8%
FY2011145$36.1 million1321309.0%
FY2012102$19.5 million95706.9%
FY2013137$28.1 million1241037.3%
FY2014138$30.6 million12215110.9%
FY2015206$28.4 million18026012.6%
FY2016192$26.8 million1721557.8%
FY2017207$39.2 million172231211.1%
FY2018199$44.2 million144213410.6%
FY2019161$33.3 million12310286.2%
FY2020178$48.5 million1367353.9%
FY2021186$61.1 million1248544.3%
FY2022183$28.7 million6419100too recent for a share
FY2023155$25.5 million4310102too recent for a share
FY2024163$50.7 million193141too recent for a share
FY2025184$54.8 million80176too recent for a share
FY202688$24.4 million0088too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2001 to 2021)Charged offShare
California3187122.3%
Ohio2582610.1%
Texas2183817.4%
Utah2142411.2%
Wisconsin180105.6%
Pennsylvania171158.8%
Minnesota1381611.6%
New York1371813.1%
Florida1204537.5%
Illinois1192521.0%
Massachusetts117119.4%
Michigan1071413.1%

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.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, 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.

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