SBA loan outcome check · industry · SBA data as of 30 September 2026

How have SBA loans in Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing turned out?

Of 295 loans approved in fiscal 2000 to 2021 (at least five years old), 40 (13.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing appears on 350 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $149.4 million in gross approvals. These are loans, not a rating.

Not financial, legal or franchise advice. This page reports what the SBA's loan file records for SBA-guaranteed loans. A charge-off rate is not a rating of a brand or an industry, it does not predict a new loan, and a franchisee's loan is not a measure of the franchisor. Read the franchise's disclosure document and talk to a lender or an adviser before you borrow.

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment ManufacturingIndustry NAICS 333415 · 350 loans

14%of seasoned loans charged off

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing appears on 350 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $149.4 million in gross approvals.
Of 295 loans approved in fiscal 2000 to 2021 (at least five years old), 40 (13.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
A charge-off is a loan the lender wrote off. It is not a statement about the borrower, the brand or the franchisor, and it does not predict how a new loan will turn out.

share of this group's loans charged off, by approval year (years with 10+ loans)all 7(a) loans, same year

Every approval year

Approval year	Loans	Approved	Paid in full	Charged off	Not yet resolved	Charged-off share
FY2000	7	$2.2 million	5	2	0	few loans
FY2001	13	$4.8 million	11	2	0	15.4%
FY2002	14	$7.5 million	12	1	1	7.1%
FY2003	31	$7.7 million	27	4	0	12.9%
FY2004	27	$6.2 million	23	4	0	14.8%
FY2005	27	$6.8 million	21	6	0	22.2%
FY2006	20	$2.3 million	15	5	0	25.0%
FY2007	26	$5.4 million	22	4	0	15.4%
FY2008	13	$2.8 million	12	1	0	7.7%
FY2009	15	$4.0 million	10	5	0	33.3%
FY2010	8	$5.0 million	8	0	0	few loans
FY2011	12	$7.9 million	11	1	0	8.3%
FY2012	5	$5.0 million	4	0	1	few loans
FY2013	9	$6.2 million	8	0	1	few loans
FY2014	13	$11.5 million	11	2	0	15.4%
FY2015	9	$1.5 million	8	1	0	few loans
FY2016	14	$3.8 million	13	1	0	7.1%
FY2017	13	$9.8 million	12	0	1	0.0%
FY2018	3	$1.9 million	2	1	0	few loans
FY2019	6	$1.6 million	4	0	2	few loans
FY2020	4	$2.5 million	2	0	2	few loans
FY2021	6	$4.0 million	4	0	2	few loans
FY2022	8	$7.9 million	1	0	7	too recent for a share
FY2023	14	$11.8 million	2	0	12	too recent for a share
FY2024	16	$10.3 million	3	0	13	too recent for a share
FY2025	10	$3.2 million	1	0	9	too recent for a share
FY2026	7	$5.6 million	0	0	7	too recent for a share

By state, where 30 or more loans are at least five years old

State	Loans (FY2000 to 2021)	Charged off	Share
California	39	2	5.1%
Texas	32	5	15.6%

US Small Business Administration, 7(a) FOIA loan data as of 30 September 2026. SBA-guaranteed 7(a) loans only, aggregated; no borrower or lender is shown. SBA open data.

Where can you go from this record?

Open it in the check to search another brand or industry. Before you borrow for a business in this industry, read the FTC consumer guide to buying a franchise, the SBA guide to buying a franchise and SBA Lender Match.

Compiled and checked by Vincent Wesley Couey (ORCID 0009-0005-6869-308X) from the SBA 7(a) FOIA loan data, as of 30 September 2026. Not an official source.