Floor Coverings International Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
Floor Coverings International franchisees defaulted on 26.9% of SBA 7(a) loans between FY2010 and FY2019 — 14 of 52 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Flooring Contractors industry average of 8.9%.
- 26.9%SBA default rate14 of 52 loans
- 52loans resolvedapproved FY2010–FY2019
- 8.9%Flooring Contractors averageall SBA loans in the industry
- 10.2%all-franchise average7.8% non-franchised
| SBA default rate | 26.9% |
|---|---|
| Loans approved | 52 |
| Loans charged off | 14 |
| Date range | FY2010–FY2019 |
| Industry | Flooring Contractors |
| Industry average | 8.9% |
| 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.
About 1 in 4 Floor Coverings International SBA borrowers failed to repay — more than double the Flooring Contractors average of 8.9%.
What is the Floor Coverings International franchise failure rate on SBA loans?
Floor Coverings International is a Flooring 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 Floor Coverings International franchisees: 52 loans approved between fiscal 2010 and 2019, of which 14 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–FY201952
- Charged off14
- Charge-off rate26.9%
- Flooring Contractors franchise benchmark8.9%
- Brand vs industry3.0x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$130,094
- New SBA loans since 2020112
- Early charge-offs since 20203
How does Floor Coverings International compare with other Flooring Contractors franchises?
The table sets Floor Coverings International's charge-off rate beside its Flooring 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 | Floor Coverings International | Flooring Contractors | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 26.9% | 8.9% | 10.2% | 8.0% |
| Loans in sample | 52 | — | — | — |
| Defaults | 14 | — | — | — |
| Average loan size | $130,094 | — | — | — |
What has Floor Coverings International SBA lending looked like since 2020?
Since 2020, Floor Coverings International franchisees have taken 112 new SBA 7(a) loans. 3 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: 3 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 |
|---|---|---|---|
| FY2014 | 3 | 0 | 0.0% |
| FY2015 | 5 | 4 | 80.0% |
| FY2016 | 3 | 0 | 0.0% |
| FY2017 | 11 | 2 | 18.2% |
| FY2018 | 16 | 6 | 37.5% |
| FY2019 | 14 | 2 | 14.3% |
| FY2020 | 8 | — | outstanding |
| FY2021 | 12 | — | outstanding |
| FY2022 | 13 | — | outstanding |
| FY2023 | 18 | — | outstanding |
| FY2024 | 27 | — | outstanding |
| FY2025 | 24 | — | outstanding |
| FY2026 | 10 | — | 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?
Floor Coverings International's figure rests on 52 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the rate is a settled outcome, not a projection. With 52 resolved loans, one default moves the rate by about 1.9 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 Floor Coverings International figure is recomputed from the public SBA FOIA file on each rebuild.
Based on 52 resolved loans — directional, not precise.
Is Floor Coverings International in financial trouble? What the SBA data shows
Floor Coverings International's SBA 7(a) default rate was 26.9% for loans approved FY2010–FY2019 (14 of 52 loans charged off) — the only Flooring Contractors brand tracked here. A default rate this far above the Flooring Contractors average of 8.9% is a signal worth investigating further before investing.
Frequently asked
- What is Floor Coverings International's franchise failure rate?
- Floor Coverings International franchisees defaulted on 26.9% of SBA 7(a) loans between FY2010 and FY2019 — 14 of 52 loans were charged off — according to U.S. Small Business Administration data. That is higher than the Flooring Contractors industry average of 8.9%.
- How does Floor Coverings International compare to other Flooring Contractors franchises?
- Floor Coverings International's 26.9% SBA default rate is higher than the Flooring Contractors industry average of 8.9%. See every Flooring Contractors franchise ranked on the Flooring Contractors industry page. Flooring 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). Floor Coverings International franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 26.9% (14 of 52 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/floor-coverings-international/ · Data & methodology · Download the dataset (CSV)