How have SBA loans in Automotive Oil Change and Lubrication Shops turned out?
Of 1,613 loans approved in fiscal 2001 to 2021 (at least five years old), 248 (15.4%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Automotive Oil Change and Lubrication Shops appears on 1,872 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $1.0 billion 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.
Automotive Oil Change and Lubrication Shops appears on 1,872 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $1.0 billion in gross approvals.
Of 1,613 loans approved in fiscal 2001 to 2021 (at least five years old), 248 (15.4%) 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
FY2001
129
$73.6 million
102
27
0
20.9%
FY2002
118
$71.2 million
97
20
1
16.9%
FY2003
126
$56.0 million
104
22
0
17.5%
FY2004
124
$55.2 million
96
28
0
22.6%
FY2005
103
$44.5 million
73
29
1
28.2%
FY2006
108
$31.9 million
70
38
0
35.2%
FY2007
87
$27.7 million
56
29
2
33.3%
FY2008
65
$25.7 million
50
12
3
18.5%
FY2009
40
$15.2 million
28
11
1
27.5%
FY2010
58
$24.4 million
52
4
2
6.9%
FY2011
63
$36.2 million
53
6
4
9.5%
FY2012
60
$26.1 million
54
3
3
5.0%
FY2013
55
$28.1 million
48
3
4
5.5%
FY2014
64
$43.5 million
56
2
6
3.1%
FY2015
66
$44.0 million
54
5
7
7.6%
FY2016
47
$30.9 million
43
0
4
0.0%
FY2017
62
$38.9 million
47
5
10
8.1%
FY2018
55
$44.8 million
35
1
19
1.8%
FY2019
53
$38.0 million
31
2
20
3.8%
FY2020
58
$46.3 million
30
1
27
1.7%
FY2021
72
$66.9 million
27
0
45
0.0%
FY2022
62
$42.0 million
23
3
36
too recent for a share
FY2023
47
$32.3 million
12
0
35
too recent for a share
FY2024
55
$30.1 million
12
1
42
too recent for a share
FY2025
63
$46.5 million
1
0
62
too recent for a share
FY2026
32
$28.0 million
0
0
32
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
Texas
419
57
13.6%
Michigan
155
47
30.3%
California
147
19
12.9%
Colorado
61
11
18.0%
Florida
51
7
13.7%
Illinois
44
9
20.4%
North Carolina
39
2
5.1%
Georgia
37
6
16.2%
Missouri
37
4
10.8%
Utah
36
5
13.9%
Pennsylvania
34
1
2.9%
Ohio
32
8
25.0%
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.