How have SBA loans in Used Merchandise Stores turned out?
Of 1,894 loans approved in fiscal 2000 to 2021 (at least five years old), 328 (17.3%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Used Merchandise Stores appears on 1,934 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $273.3 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.
Used Merchandise StoresIndustry NAICS 453310 · 1,934 loans
17%of seasoned loans charged off
Used Merchandise Stores appears on 1,934 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $273.3 million in gross approvals.
Of 1,894 loans approved in fiscal 2000 to 2021 (at least five years old), 328 (17.3%) 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
$3.3 million
21
1
0
4.5%
FY2001
53
$9.3 million
46
7
0
13.2%
FY2002
88
$11.9 million
74
14
0
15.9%
FY2003
143
$9.0 million
120
23
0
16.1%
FY2004
154
$11.6 million
122
32
0
20.8%
FY2005
174
$13.9 million
118
55
1
31.6%
FY2006
160
$12.9 million
111
49
0
30.6%
FY2007
120
$9.9 million
73
47
0
39.2%
FY2008
69
$8.1 million
45
24
0
34.8%
FY2009
66
$8.7 million
58
8
0
12.1%
FY2010
63
$5.9 million
54
9
0
14.3%
FY2011
59
$7.4 million
50
5
4
8.5%
FY2012
83
$14.1 million
75
7
1
8.4%
FY2013
77
$15.2 million
69
5
3
6.5%
FY2014
80
$17.2 million
64
11
5
13.8%
FY2015
99
$13.0 million
86
5
8
5.1%
FY2016
85
$13.7 million
67
12
6
14.1%
FY2017
80
$17.6 million
61
6
13
7.5%
FY2018
67
$17.5 million
48
4
15
6.0%
FY2019
53
$8.1 million
38
1
14
1.9%
FY2020
49
$13.7 million
32
1
16
2.0%
FY2021
50
$22.9 million
20
2
28
4.0%
FY2022
24
$5.0 million
9
0
15
too recent for a share
FY2023
8
$2.1 million
1
0
7
too recent for a share
FY2024
7
$1.3 million
0
0
7
too recent for a share
FY2025
1
$50,000
0
0
1
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
164
39
23.8%
Texas
125
24
19.2%
New York
108
14
13.0%
Florida
91
22
24.2%
Pennsylvania
85
15
17.6%
Ohio
81
11
13.6%
Missouri
60
6
10.0%
Michigan
59
5
8.5%
Massachusetts
57
9
15.8%
Washington
56
8
14.3%
Indiana
53
12
22.6%
Illinois
50
15
30.0%
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.