SBA 7(a) loan outcomes · FY2010–FY2019 cohort · Statuses as of June 30, 2026 · Last updated August 17, 2026
Shoe Stores Franchise Failure Rates: SBA Loan Defaults for 3 Brands
Shoe Stores franchises charged off 13.1% of SBA 7(a) loans approved FY2010–FY2019, versus 10.2% for all franchises and 8.0% for all SBA borrowers. This page tracks 3 brands: default rates ranged from Fleet Feet Sports (6.1%) to Fleet Feet Sports (6.1%). Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
How do Shoe Stores franchises perform on SBA loans?
Across the 3 Shoe Stores brands tracked here, 66 SBA 7(a) loans were approved between fiscal 2010 and 2019 and 11 were charged off — a pooled rate of 16.7% for these brands against a 13.1% benchmark for all Shoe Stores 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 tracked3
- SBA 7(a) loans, FY2010–201966
- Charged off11
- Pooled rate, these brands16.7%
- Shoe Stores benchmark (all franchise loans)13.1%
- All-franchise benchmark10.2%
- All SBA borrowers8.0%
- Lowest rateFleet Feet Sports · 6.1%
- Highest rateFleet Feet Sports · 6.1%
Which Shoe Stores franchise brands have the highest and lowest SBA default rates?
Every Shoe Stores 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 |
|---|---|---|---|---|---|---|
| Flip Flop Shops | 16 | 8 | 50.0%* | 3.8x | 8 | 2 |
| Fleet Feet Sports | 33 | 2 | 6.1% | 0.5x | 25 | 0 |
| Red Wing Shoes | 17 | 1 | 5.9%* | 0.5x | 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 Shoe Stores franchises have the highest SBA default rates?
- Among Shoe Stores brands with 20 or more SBA 7(a) loans approved FY2010–FY2019, the highest charge-off rates were Fleet Feet Sports (6.1%). Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
- What is the Shoe Stores franchise SBA default rate benchmark?
- Shoe Stores franchise borrowers charged off 13.1% 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). Shoe Stores franchise SBA 7(a) default rates, FY2010–FY2019 cohort: 3 brands, pooled 16.7%. Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/industry/shoe-stores/ · Data & methodology · Download the dataset (CSV)