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

How have SBA loans in Cutting Tool and Machine Tool Accessory Manufacturing turned out?

Of 341 loans approved in fiscal 2000 to 2021 (at least five years old), 33 (9.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Cutting Tool and Machine Tool Accessory Manufacturing appears on 380 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $137.9 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.

Cutting Tool and Machine Tool Accessory ManufacturingIndustry NAICS 333515 · 380 loans

10%of seasoned loans charged off

Cutting Tool and Machine Tool Accessory Manufacturing appears on 380 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $137.9 million in gross approvals.
Of 341 loans approved in fiscal 2000 to 2021 (at least five years old), 33 (9.7%) 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	10	$4.3 million	9	1	0	10.0%
FY2001	13	$5.2 million	9	4	0	30.8%
FY2002	12	$2.9 million	12	0	0	0.0%
FY2003	12	$4.6 million	12	0	0	0.0%
FY2004	26	$7.2 million	22	4	0	15.4%
FY2005	36	$6.2 million	30	6	0	16.7%
FY2006	21	$4.1 million	18	3	0	14.3%
FY2007	12	$2.2 million	9	3	0	25.0%
FY2008	12	$3.6 million	11	1	0	8.3%
FY2009	15	$6.2 million	14	1	0	6.7%
FY2010	14	$5.3 million	14	0	0	0.0%
FY2011	9	$5.1 million	9	0	0	few loans
FY2012	14	$4.3 million	14	0	0	0.0%
FY2013	23	$11.9 million	21	2	0	8.7%
FY2014	14	$8.4 million	13	0	1	0.0%
FY2015	16	$10.1 million	12	1	3	6.3%
FY2016	21	$6.0 million	16	3	2	14.3%
FY2017	14	$2.1 million	12	0	2	0.0%
FY2018	19	$5.5 million	15	2	2	10.5%
FY2019	10	$10.0 million	8	1	1	10.0%
FY2020	5	$661,000	3	0	2	few loans
FY2021	13	$8.3 million	7	1	5	7.7%
FY2022	11	$4.4 million	3	0	8	too recent for a share
FY2023	6	$4.3 million	1	0	5	too recent for a share
FY2024	13	$2.6 million	3	0	10	too recent for a share
FY2025	7	$925,000	0	0	7	too recent for a share
FY2026	2	$1.3 million	0	0	2	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
Michigan	53	5	9.4%
Ohio	45	2	4.4%

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.