SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026
The Spice & Tea Exchange Franchise Failure Rate on SBA Loans: 1 of 17 Charged Off (Federal Data)
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
1 of 17 The Spice & Tea Exchange SBA borrowers failed to repay — too few loans to call a rate; read it as a flag, not a verdict.
1 of 17 SBA 7(a) loans to The Spice & Tea Exchange franchisees (2010–2019) ended in charge-off. The sample is small; treat this as a diligence flag, not a verdict. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
What is the The Spice & Tea Exchange franchise failure rate on SBA loans?
The Spice & Tea Exchange is a All Other Specialty Food Stores franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to The Spice & Tea Exchange franchisees: 17 loans approved between fiscal 2010 and 2019, of which 1 was 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 off1
- Charge-off rate (small sample)5.9%
- All Other Specialty Food Stores franchise benchmark10.2%
- Brand vs industry0.6x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$190,671
- New SBA loans since 202020
- Early charge-offs since 20200
How does The Spice & Tea Exchange compare with other All Other Specialty Food Stores franchises?
The table sets The Spice & Tea Exchange's charge-off rate beside its All Other Specialty Food Stores 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.
| Measure | The Spice & Tea Exchange | All Other Specialty Food Stores | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 5.9% (small sample) | 10.2% | 10.2% | 8.0% |
| Loans in sample | 17 | — | — | — |
| Defaults | 1 | — | — | — |
| Average loan size | $190,671 | — | — | — |
What has The Spice & Tea Exchange SBA lending looked like since 2020?
Since 2020, The Spice & Tea Exchange franchisees have taken 20 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.
Loans approved since 2020, by fiscal year — counts only: 0 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 | 1 | 0 | 0.0% |
| FY2015 | 2 | 0 | 0.0% |
| FY2016 | 2 | 0 | 0.0% |
| FY2017 | 2 | 0 | 0.0% |
| FY2018 | 6 | 1 | 16.7% |
| FY2019 | 4 | 0 | 0.0% |
| FY2020 | 2 | — | outstanding |
| FY2021 | 4 | — | outstanding |
| FY2022 | 7 | — | outstanding |
| FY2023 | 1 | — | outstanding |
| FY2024 | 1 | — | outstanding |
| FY2025 | 5 | — | 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?
The Spice & Tea Exchange's figure rests on 17 resolved SBA 7(a) loans approved between fiscal 2010 and 2019 — a matured cohort, 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 The Spice & Tea Exchange figure is recomputed from the public SBA FOIA file on each rebuild.
Small sample (17 loans). A single default moves this figure substantially.
Frequently asked
- What is The Spice & Tea Exchange's franchise failure rate on SBA loans?
- 1 of 17 SBA 7(a) loans to The Spice & Tea Exchange franchisees (2010–2019) ended in charge-off. The sample is small; treat this as a diligence flag, not a verdict. Source: U.S. Small Business Administration FOIA dataset, loan statuses as of June 30, 2026.
- Is The Spice & Tea Exchange a safe franchise investment?
- Between 2010–2019, 1 of 17 SBA loans to The Spice & Tea Exchange franchisees were charged off. The sample is small. This data is one input for due diligence; it is not investment advice.
Cite this page
Franchise Default Rates (2026). The Spice & Tea Exchange franchise SBA 7(a) loan outcomes, FY2010–FY2019 cohort: 1 of 17 loans charged off. Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/the-spice-and-tea-exchange/ · Data & methodology · Download the dataset (CSV)