360 Painting Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
360 Painting franchisees defaulted on 23.5% of SBA 7(a) loans between FY2010 and FY2019 — 4 of 17 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Painting and Wall Covering Contractors industry average of 10.9%.
- 23.5%SBA default rate, small sample4 of 17 loans
- 17loans resolvedapproved FY2010–FY2019
- 10.9%Painting and Wall Covering Contractors averageall SBA loans in the industry
- 2nd lowestindustry rankof 3 Painting and Wall Covering Contractors brands
| SBA default rate | 23.5% (small sample) |
|---|---|
| Loans approved | 17 |
| Loans charged off | 4 |
| Date range | FY2010–FY2019 |
| Industry | Painting and Wall Covering Contractors |
| Industry average | 10.9% |
| Data source | U.S. SBA 7(a) FOIA loan data |
Most SBA default figures published online use loans approved since 2020 — loans that have had six years or less to fail — so those rates are floors, not outcomes. Every rate on this site is computed from the matured FY2010–FY2019 cohort: loans that have been paid in full or charged off, so the result is settled. Loans approved since 2020 are shown as counts so early charge-offs are visible without being mistaken for a rate.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
4 of 17 360 Painting SBA borrowers failed to repay — too few loans to call a rate; read it as a flag, not a verdict.
What is the 360 Painting franchise failure rate on SBA loans?
360 Painting is a Painting and Wall Covering Contractors franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to 360 Painting franchisees: 17 loans approved between fiscal 2010 and 2019, of which 4 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.
- SBA 7(a) loans approved FY2010–FY201917
- Charged off4
- Charge-off rate (small sample)23.5%
- Painting and Wall Covering Contractors franchise benchmark10.9%
- Brand vs industry2.2x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$115,100
- New SBA loans since 202073
- Early charge-offs since 202010
How does 360 Painting compare with other Painting and Wall Covering Contractors franchises?
The table sets 360 Painting's charge-off rate beside its Painting and Wall Covering Contractors peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable. A cell in red is more than twice the industry benchmark.
| Measure | 360 Painting | Painting and Wall Covering Contractors | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 23.5% (small sample) | 10.9% | 10.2% | 8.0% |
| Loans in sample | 17 | — | — | — |
| Defaults | 4 | — | — | — |
| Average loan size | $115,100 | — | — | — |
What has 360 Painting SBA lending looked like since 2020?
Since 2020, 360 Painting franchisees have taken 73 new SBA 7(a) loans. 10 have already charged off. Early defaults on loans under six years old are worth noting. Most SBA failures take longer to develop.
Loans approved since 2020, by fiscal year — counts only: 10 have charged off to date and most are still outstanding, so no rate is drawn.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
Show the numbers behind this chart
| Fiscal year | Loans | Charged off | Rate |
|---|---|---|---|
| FY2015 | 1 | 0 | 0.0% |
| FY2017 | 1 | 1 | 100.0% |
| FY2018 | 9 | 1 | 11.1% |
| FY2019 | 6 | 2 | 33.3% |
| FY2020 | 22 | — | outstanding |
| FY2021 | 8 | — | outstanding |
| FY2022 | 10 | — | outstanding |
| FY2023 | 15 | — | outstanding |
| FY2024 | 11 | — | outstanding |
| FY2025 | 5 | — | outstanding |
| FY2026 | 2 | — | outstanding |
How to read this
A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.
How reliable is this number?
360 Painting's figure rests on 17 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the count is a settled outcome, not a projection. With 17 resolved loans, one default moves the rate by about 5.9 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every 360 Painting figure is recomputed from the public SBA FOIA file on each rebuild.
Small sample (17 loans). A single default moves this figure substantially.
Is 360 Painting in financial trouble? What the SBA data shows
360 Painting's SBA 7(a) default rate was 23.5% for loans approved FY2010–FY2019 (4 of 17 loans charged off) — 2nd lowest of 3 Painting and Wall Covering Contractors brands tracked here. A default rate this far above the Painting and Wall Covering Contractors average of 10.9% is a signal worth investigating further before investing. With only 17 loans in the sample, one default moves the rate by about 5.9 percentage points, so read it as a flag rather than a verdict.
Frequently asked
- What is 360 Painting's franchise failure rate?
- 360 Painting franchisees defaulted on 23.5% of SBA 7(a) loans between FY2010 and FY2019 — 4 of 17 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Painting and Wall Covering Contractors industry average of 10.9%.
- How does 360 Painting compare to other Painting and Wall Covering Contractors franchises?
- 360 Painting's 23.5% SBA default rate is higher than the Painting and Wall Covering Contractors industry average of 10.9%. See every Painting and Wall Covering Contractors franchise ranked on the Painting and Wall Covering Contractors industry page. Painting and Wall Covering Contractors franchises →
- What does 'SBA default rate' mean?
- An SBA default rate is the share of SBA 7(a) loans, approved FY2010–FY2019 and since resolved (paid in full or charged off), that were charged off — written off after the borrower failed to repay. It is not a measure of unit closures.
Source
Source: U.S. Small Business Administration, 7(a) loan program charge-off data, FY2010–FY2019. Franchise data is matched on the SBA's franchise code / brand name. "Failure rate" here means the share of approved loans (resolved: paid in full or charged off) that were charged off; it is not a measure of unit closures. Last updated September 30, 2026.
Every brand in one table, with percentiles and breakdowns by year, industry and loan size: franchise SBA default rates, all 415 brands.
Cite this page
Franchise Default Rates (2026). 360 Painting franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 23.5% (4 of 17 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/360-painting/ · Data & methodology · Download the dataset (CSV)