How have SBA loans in Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing turned out?
Of 638 loans approved in fiscal 2000 to 2021 (at least five years old), 60 (9.4%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing appears on 747 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $395.2 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.
Construction, Mining, and Forestry Machinery and Equipment Rental and LeasingIndustry NAICS 532412 · 747 loans
9%of seasoned loans charged off
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing appears on 747 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $395.2 million in gross approvals.
Of 638 loans approved in fiscal 2000 to 2021 (at least five years old), 60 (9.4%) 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
FY2000
5
$1.2 million
2
3
0
few loans
FY2001
33
$11.2 million
29
4
0
12.1%
FY2002
38
$16.3 million
35
3
0
7.9%
FY2003
45
$9.3 million
41
4
0
8.9%
FY2004
50
$9.1 million
43
7
0
14.0%
FY2005
39
$7.9 million
34
5
0
12.8%
FY2006
38
$7.0 million
29
9
0
23.7%
FY2007
49
$8.7 million
37
11
1
22.4%
FY2008
20
$5.8 million
15
5
0
25.0%
FY2009
17
$7.9 million
13
3
1
17.6%
FY2010
32
$16.5 million
32
0
0
0.0%
FY2011
31
$27.6 million
30
1
0
3.2%
FY2012
30
$8.4 million
29
1
0
3.3%
FY2013
21
$12.4 million
20
0
1
0.0%
FY2014
14
$8.6 million
13
0
1
0.0%
FY2015
19
$13.8 million
19
0
0
0.0%
FY2016
21
$13.8 million
19
1
1
4.8%
FY2017
29
$11.7 million
20
2
7
6.9%
FY2018
24
$25.6 million
21
1
2
4.2%
FY2019
24
$15.9 million
21
0
3
0.0%
FY2020
28
$35.5 million
21
0
7
0.0%
FY2021
31
$43.3 million
16
0
15
0.0%
FY2022
15
$11.1 million
7
0
8
too recent for a share
FY2023
19
$9.1 million
9
1
9
too recent for a share
FY2024
28
$17.0 million
4
1
23
too recent for a share
FY2025
24
$25.0 million
1
0
23
too recent for a share
FY2026
23
$15.5 million
0
0
23
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
82
6
7.3%
Texas
54
5
9.3%
Utah
32
1
3.1%
Florida
31
8
25.8%
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.