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

How have SBA loans to True Value Hardware franchisees turned out?

Of 42 loans approved in fiscal 2006 to 2018 (at least five years old), 4 (9.5%) were charged off by the lender, against 16.4% across all 7(a) loans approved in those same years. True Value Hardware appears on 42 SBA-guaranteed 7(a) loans approved from fiscal 2006 to 2018, $19.6 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.
True Value HardwareFranchise brand · 42 loans
10%of seasoned loans charged off
  1. True Value Hardware appears on 42 SBA-guaranteed 7(a) loans approved from fiscal 2006 to 2018, $19.6 million in gross approvals.
  2. Of 42 loans approved in fiscal 2006 to 2018 (at least five years old), 4 (9.5%) were charged off by the lender, against 16.4% 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.

Every approval year

Approval yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY20062$700,000200few loans
FY20131$950,000100few loans
FY20148$4.7 million422few loans
FY20159$6.6 million810few loans
FY201612$2.9 million10118.3%
FY20178$3.0 million602few loans
FY20182$849,800200few 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.

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