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

How have SBA loans in Boat Building turned out?

Of 288 loans approved in fiscal 2000 to 2021 (at least five years old), 34 (11.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Boat Building appears on 325 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $139.9 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.
Boat BuildingIndustry NAICS 336612 · 325 loans
12%of seasoned loans charged off
  1. Boat Building appears on 325 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $139.9 million in gross approvals.
  2. Of 288 loans approved in fiscal 2000 to 2021 (at least five years old), 34 (11.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years.
  3. 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.
0%40%Fiscal 2001: 0 of 13 loans charged off (0.0%)Fiscal 2002: 2 of 13 loans charged off (15.4%)Fiscal 2003: 1 of 22 loans charged off (4.5%)Fiscal 2004: 3 of 27 loans charged off (11.1%)Fiscal 2005: 6 of 27 loans charged off (22.2%)Fiscal 2006: 2 of 13 loans charged off (15.4%)Fiscal 2007: 4 of 12 loans charged off (33.3%)Fiscal 2009: 4 of 10 loans charged off (40.0%)Fiscal 2010: 2 of 10 loans charged off (20.0%)Fiscal 2011: 1 of 17 loans charged off (5.9%)Fiscal 2012: 1 of 11 loans charged off (9.1%)Fiscal 2015: 0 of 11 loans charged off (0.0%)Fiscal 2016: 0 of 16 loans charged off (0.0%)Fiscal 2017: 0 of 12 loans charged off (0.0%)Fiscal 2020: 1 of 11 loans charged off (9.1%)Fiscal 2021: 1 of 16 loans charged off (6.3%)20012003200520072010201220162020
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 yearLoansApprovedPaid in fullCharged offNot yet resolvedCharged-off share
FY20006$2.6 million420few loans
FY200113$3.0 million13000.0%
FY200213$3.9 million112015.4%
FY200322$4.3 million21104.5%
FY200427$3.9 million243011.1%
FY200527$5.9 million216022.2%
FY200613$1.1 million112015.4%
FY200712$7.0 million84033.3%
FY20089$1.5 million540few loans
FY200910$3.2 million64040.0%
FY201010$5.9 million82020.0%
FY201117$11.2 million16105.9%
FY201211$8.8 million8129.1%
FY20138$3.5 million800few loans
FY20149$2.6 million900few loans
FY201511$6.3 million10010.0%
FY201616$7.8 million16000.0%
FY201712$4.7 million12000.0%
FY20188$2.7 million800few loans
FY20197$3.4 million502few loans
FY202011$5.9 million7139.1%
FY202116$18.5 million6196.3%
FY202210$6.0 million316too recent for a share
FY20238$5.0 million206too recent for a share
FY20246$947,000006too recent for a share
FY20255$498,900005too recent for a share
FY20268$9.7 million008too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
Washington4025.0%
Florida30620.0%

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.

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.

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