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

How have SBA loans in Car Washes turned out?

Of 5,677 loans approved in fiscal 2000 to 2021 (at least five years old), 784 (13.8%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Car Washes appears on 6,666 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $6.1 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.
Car WashesIndustry NAICS 811192 · 6,666 loans
14%of seasoned loans charged off
  1. Car Washes appears on 6,666 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $6.1 billion in gross approvals.
  2. Of 5,677 loans approved in fiscal 2000 to 2021 (at least five years old), 784 (13.8%) 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%42%Fiscal 2000: 37 of 257 loans charged off (14.4%)Fiscal 2001: 27 of 214 loans charged off (12.6%)Fiscal 2002: 39 of 327 loans charged off (11.9%)Fiscal 2003: 45 of 311 loans charged off (14.5%)Fiscal 2004: 79 of 417 loans charged off (18.9%)Fiscal 2005: 97 of 363 loans charged off (26.7%)Fiscal 2006: 107 of 338 loans charged off (31.7%)Fiscal 2007: 129 of 307 loans charged off (42.0%)Fiscal 2008: 80 of 246 loans charged off (32.5%)Fiscal 2009: 25 of 166 loans charged off (15.1%)Fiscal 2010: 19 of 164 loans charged off (11.6%)Fiscal 2011: 12 of 171 loans charged off (7.0%)Fiscal 2012: 12 of 164 loans charged off (7.3%)Fiscal 2013: 6 of 173 loans charged off (3.5%)Fiscal 2014: 9 of 212 loans charged off (4.2%)Fiscal 2015: 15 of 240 loans charged off (6.3%)Fiscal 2016: 13 of 270 loans charged off (4.8%)Fiscal 2017: 11 of 283 loans charged off (3.9%)Fiscal 2018: 9 of 262 loans charged off (3.4%)Fiscal 2019: 5 of 256 loans charged off (2.0%)Fiscal 2020: 3 of 206 loans charged off (1.5%)Fiscal 2021: 5 of 330 loans charged off (1.5%)20002002200420062008201020122014201620182020
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
FY2000257$125.0 million22037014.4%
FY2001214$100.4 million18527212.6%
FY2002327$194.9 million28639211.9%
FY2003311$153.2 million26545114.5%
FY2004417$202.3 million33479418.9%
FY2005363$182.6 million26397326.7%
FY2006338$168.1 million223107831.7%
FY2007307$125.6 million172129642.0%
FY2008246$106.1 million16180532.5%
FY2009166$95.6 million13525615.1%
FY2010164$104.4 million13819711.6%
FY2011171$169.8 million1521277.0%
FY2012164$135.8 million14012127.3%
FY2013173$167.3 million1556123.5%
FY2014212$210.1 million1749294.2%
FY2015240$238.0 million19915266.3%
FY2016270$291.3 million22013374.8%
FY2017283$379.5 million22411483.9%
FY2018262$379.4 million1939603.4%
FY2019256$424.1 million1735782.0%
FY2020206$353.0 million1343691.5%
FY2021330$580.5 million18551401.5%
FY2022243$379.7 million686169too recent for a share
FY2023213$272.4 million469158too recent for a share
FY2024221$266.8 million313187too recent for a share
FY2025198$233.7 million90189too recent for a share
FY2026114$109.5 million00114too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California88910912.3%
Texas84611713.8%
Florida3276820.8%
Georgia3113711.9%
Ohio2623413.0%
Michigan2114219.9%
New York2042311.3%
New Jersey185179.2%
Pennsylvania1652615.8%
Colorado1532113.7%
Illinois1422719.0%
Utah1351813.3%

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.

☆ Save