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

How have SBA loans to Spenga franchisees turned out?

Of 42 loans approved in fiscal 2018 to 2021 (at least five years old), 7 (16.7%) were charged off by the lender, against 5.9% across all 7(a) loans approved in those same years. Spenga appears on 52 SBA-guaranteed 7(a) loans approved from fiscal 2018 to 2026, $29.3 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.

SpengaFranchise brand · 52 loans

17%of seasoned loans charged off

Spenga appears on 52 SBA-guaranteed 7(a) loans approved from fiscal 2018 to 2026, $29.3 million in gross approvals.
Of 42 loans approved in fiscal 2018 to 2021 (at least five years old), 7 (16.7%) were charged off by the lender, against 5.9% 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	Not yet resolved	Charged-off share
FY2018	5	$2.3 million	3	1	1	few loans
FY2019	14	$5.9 million	8	1	5	7.1%
FY2020	14	$8.5 million	3	5	6	35.7%
FY2021	9	$6.2 million	3	0	6	few loans
FY2022	6	$4.3 million	1	0	5	too recent for a share
FY2023	2	$1.6 million	0	0	2	too recent for a share
FY2025	1	$350,000	1	0	0	too recent for a share
FY2026	1	$107,800	0	0	1	too recent for a share

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.