How have SBA loans in Tax Preparation Services turned out?
Of 2,595 loans approved in fiscal 2000 to 2021 (at least five years old), 395 (15.2%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Tax Preparation Services appears on 3,542 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $649.1 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.
Tax Preparation Services appears on 3,542 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $649.1 million in gross approvals.
Of 2,595 loans approved in fiscal 2000 to 2021 (at least five years old), 395 (15.2%) 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
22
$1.9 million
20
2
0
9.1%
FY2001
43
$3.4 million
39
4
0
9.3%
FY2002
52
$7.0 million
49
3
0
5.8%
FY2003
93
$6.9 million
84
8
1
8.6%
FY2004
153
$9.8 million
124
29
0
19.0%
FY2005
200
$12.5 million
158
42
0
21.0%
FY2006
189
$11.4 million
142
47
0
24.9%
FY2007
224
$15.6 million
132
92
0
41.1%
FY2008
130
$12.4 million
85
44
1
33.8%
FY2009
96
$8.8 million
82
13
1
13.5%
FY2010
101
$9.1 million
92
9
0
8.9%
FY2011
85
$8.0 million
77
6
2
7.1%
FY2012
82
$7.4 million
74
6
2
7.3%
FY2013
78
$11.7 million
67
9
2
11.5%
FY2014
112
$16.6 million
95
12
5
10.7%
FY2015
154
$30.0 million
132
13
9
8.4%
FY2016
159
$29.1 million
132
14
13
8.8%
FY2017
139
$21.9 million
105
10
24
7.2%
FY2018
157
$34.8 million
111
9
37
5.7%
FY2019
114
$34.2 million
61
13
40
11.4%
FY2020
93
$29.1 million
51
7
35
7.5%
FY2021
119
$42.0 million
58
3
58
2.5%
FY2022
115
$37.2 million
26
11
78
too recent for a share
FY2023
172
$49.4 million
31
8
133
too recent for a share
FY2024
245
$55.3 million
32
2
211
too recent for a share
FY2025
267
$82.7 million
13
0
254
too recent for a share
FY2026
148
$61.0 million
1
0
147
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
380
60
15.8%
Texas
246
40
16.3%
Florida
167
41
24.6%
New York
159
37
23.3%
Ohio
122
11
9.0%
Georgia
92
23
25.0%
Illinois
92
21
22.8%
North Carolina
83
13
15.7%
Pennsylvania
82
11
13.4%
Massachusetts
77
2
2.6%
Michigan
67
8
11.9%
Indiana
61
5
8.2%
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.