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

How have SBA loans in Used Car Dealers turned out?

Of 4,383 loans approved in fiscal 2000 to 2021 (at least five years old), 919 (21.0%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Used Car Dealers appears on 5,254 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $1.6 billion 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.
Used Car DealersIndustry NAICS 441120 · 5,254 loans
21%of seasoned loans charged off
  1. Used Car Dealers appears on 5,254 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $1.6 billion in gross approvals.
  2. Of 4,383 loans approved in fiscal 2000 to 2021 (at least five years old), 919 (21.0%) 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%43%Fiscal 2000: 8 of 111 loans charged off (7.2%)Fiscal 2001: 15 of 131 loans charged off (11.5%)Fiscal 2002: 18 of 166 loans charged off (10.8%)Fiscal 2003: 32 of 189 loans charged off (16.9%)Fiscal 2004: 81 of 307 loans charged off (26.4%)Fiscal 2005: 123 of 353 loans charged off (34.8%)Fiscal 2006: 126 of 299 loans charged off (42.1%)Fiscal 2007: 162 of 381 loans charged off (42.5%)Fiscal 2008: 89 of 223 loans charged off (39.9%)Fiscal 2009: 20 of 112 loans charged off (17.9%)Fiscal 2010: 21 of 130 loans charged off (16.2%)Fiscal 2011: 16 of 152 loans charged off (10.5%)Fiscal 2012: 11 of 115 loans charged off (9.6%)Fiscal 2013: 8 of 114 loans charged off (7.0%)Fiscal 2014: 17 of 144 loans charged off (11.8%)Fiscal 2015: 21 of 185 loans charged off (11.4%)Fiscal 2016: 37 of 260 loans charged off (14.2%)Fiscal 2017: 34 of 244 loans charged off (13.9%)Fiscal 2018: 35 of 232 loans charged off (15.1%)Fiscal 2019: 24 of 211 loans charged off (11.4%)Fiscal 2020: 15 of 144 loans charged off (10.4%)Fiscal 2021: 6 of 180 loans charged off (3.3%)20002002200420062008201020122014201620182020
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
FY2000111$28.9 million103807.2%
FY2001131$29.8 million11515111.5%
FY2002166$45.4 million14618210.8%
FY2003189$32.2 million15432316.9%
FY2004307$54.0 million22681026.4%
FY2005353$53.2 million227123334.8%
FY2006299$31.0 million169126442.1%
FY2007381$38.6 million217162242.5%
FY2008223$34.5 million13089439.9%
FY2009112$25.0 million8920317.9%
FY2010130$62.6 million10221716.2%
FY2011152$54.6 million12816810.5%
FY2012115$35.5 million9311119.6%
FY2013114$35.5 million101857.0%
FY2014144$37.9 million115171211.8%
FY2015185$58.9 million146211811.4%
FY2016260$62.2 million202372114.2%
FY2017244$81.5 million174343613.9%
FY2018232$64.9 million148354915.1%
FY2019211$66.2 million119246811.4%
FY2020144$68.2 million73155610.4%
FY2021180$144.4 million826923.3%
FY2022147$90.1 million2913105too recent for a share
FY2023198$93.1 million3011157too recent for a share
FY2024210$87.0 million225183too recent for a share
FY2025208$111.5 million33202too recent for a share
FY2026108$79.3 million00108too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California73414219.4%
Texas53610519.6%
Florida2689134.0%
New York1953920.0%
Utah1692514.8%
Pennsylvania1573824.2%
Georgia1483926.4%
New Jersey1253326.4%
Arizona1252016.0%
Ohio1111614.4%
Colorado1072624.3%
Massachusetts1031615.5%

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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