How have SBA loans in Specialized Freight (except Used Goods) Trucking, Long-Distance turned out?
Of 1,638 loans approved in fiscal 2001 to 2021 (at least five years old), 277 (16.9%) 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, Long-Distance appears on 2,010 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $373.6 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, Long-Distance appears on 2,010 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $373.6 million in gross approvals.
Of 1,638 loans approved in fiscal 2001 to 2021 (at least five years old), 277 (16.9%) 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
FY2001
19
$7.1 million
17
2
0
10.5%
FY2002
33
$6.3 million
32
1
0
3.0%
FY2003
70
$8.4 million
59
11
0
15.7%
FY2004
90
$10.8 million
63
27
0
30.0%
FY2005
115
$14.1 million
85
30
0
26.1%
FY2006
87
$4.4 million
58
29
0
33.3%
FY2007
104
$8.7 million
60
44
0
42.3%
FY2008
70
$11.0 million
49
21
0
30.0%
FY2009
50
$9.3 million
45
5
0
10.0%
FY2010
39
$9.8 million
35
4
0
10.3%
FY2011
57
$15.3 million
56
1
0
1.8%
FY2012
53
$17.5 million
46
6
1
11.3%
FY2013
52
$14.5 million
47
5
0
9.6%
FY2014
87
$13.9 million
79
8
0
9.2%
FY2015
105
$15.5 million
93
10
2
9.5%
FY2016
136
$18.2 million
111
25
0
18.4%
FY2017
88
$12.6 million
71
12
5
13.6%
FY2018
103
$17.0 million
78
12
13
11.7%
FY2019
109
$23.6 million
76
16
17
14.7%
FY2020
97
$29.9 million
68
5
24
5.2%
FY2021
74
$17.0 million
47
3
24
4.1%
FY2022
86
$12.7 million
30
10
46
too recent for a share
FY2023
96
$22.1 million
16
8
72
too recent for a share
FY2024
62
$7.2 million
9
5
48
too recent for a share
FY2025
92
$36.8 million
4
1
87
too recent for a share
FY2026
36
$9.8 million
0
0
36
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
California
157
30
19.1%
Ohio
132
21
15.9%
Texas
130
28
21.5%
Michigan
95
8
8.4%
Florida
82
25
30.5%
Pennsylvania
64
9
14.1%
New York
62
14
22.6%
Illinois
58
9
15.5%
Utah
56
5
8.9%
Wisconsin
49
3
6.1%
Missouri
44
10
22.7%
Minnesota
43
4
9.3%
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.