SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026
Locksmiths Franchise Failure Rates: SBA Loan Defaults for 1 Brands
Locksmiths franchises charged off 9.6% of SBA 7(a) loans approved FY2010–FY2019, versus 10.2% for all franchises and 8.0% for all SBA borrowers. This page tracks 1 brand: The Flying Locksmiths, with a default rate of 0.0%. Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
How do Locksmiths franchises perform on SBA loans?
Across the 1 Locksmiths brand tracked here, 20 SBA 7(a) loans were approved between fiscal 2010 and 2019 and 0 were charged off — a pooled rate of 0.0% for these brands against a 9.6% benchmark for all Locksmiths franchise loans. 0 brands with 20+ loans ran at more than twice the industry benchmark; 0 brands with 40+ loans recorded zero defaults. Statuses as of June 30, 2026.
- Brands tracked1
- SBA 7(a) loans, FY2010–201920
- Charged off0
- Pooled rate, these brands0.0%
- Locksmiths benchmark (all franchise loans)9.6%
- All-franchise benchmark10.2%
- All SBA borrowers8.0%
- Lowest rateThe Flying Locksmiths · 0.0%
- Highest rateThe Flying Locksmiths · 0.0%
Which Locksmiths franchise brands have the highest and lowest SBA default rates?
Every Locksmiths brand with at least five resolved SBA 7(a) loans, sorted from highest to lowest default rate. Click a column heading to re-sort; use the filter to find a brand.
| Brand | Loans | Defaults | Rate | vs industry avg | Loans since 2020 | Early charge-offs |
|---|---|---|---|---|---|---|
| The Flying Locksmiths | 20 | 0 | 0.0% | — | 0 | 0 |
* Small sample (5–19 loans): rate shown for completeness; treat as a diligence flag, not a verdict. Loans since 2020 and early charge-offs are counts only — that cohort is too young for a rate.
Frequently asked
- Which Locksmiths franchises have the highest SBA default rates?
- Among Locksmiths brands with 20 or more SBA 7(a) loans approved FY2010–FY2019, the highest charge-off rates were The Flying Locksmiths (0.0%). Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
- What is the Locksmiths franchise SBA default rate benchmark?
- Locksmiths franchise borrowers charged off 9.6% of SBA 7(a) loans approved FY2010–FY2019, compared with 10.2% for all franchises and 8.0% for all SBA borrowers.
Cite this page
Franchise Default Rates (2026). Locksmiths franchise SBA 7(a) default rates, FY2010–FY2019 cohort: 1 brands, pooled 0.0%. Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/industry/locksmiths/ · Data & methodology · Download the dataset (CSV)