How have SBA loans in Drywall and Insulation Contractors turned out?
Of 2,235 loans approved in fiscal 2003 to 2021 (at least five years old), 405 (18.1%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Drywall and Insulation Contractors appears on 3,034 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $626.9 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.
Drywall and Insulation ContractorsIndustry NAICS 238310 · 3,034 loans
18%of seasoned loans charged off
Drywall and Insulation Contractors appears on 3,034 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $626.9 million in gross approvals.
Of 2,235 loans approved in fiscal 2003 to 2021 (at least five years old), 405 (18.1%) were charged off by the lender, against 15.7% 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
FY2003
45
$3.1 million
35
10
0
22.2%
FY2004
140
$15.6 million
106
34
0
24.3%
FY2005
192
$16.4 million
133
59
0
30.7%
FY2006
210
$18.2 million
152
58
0
27.6%
FY2007
239
$26.2 million
139
100
0
41.8%
FY2008
133
$12.5 million
88
44
1
33.1%
FY2009
73
$9.2 million
61
12
0
16.4%
FY2010
81
$11.6 million
70
11
0
13.6%
FY2011
109
$16.5 million
101
7
1
6.4%
FY2012
87
$13.8 million
80
7
0
8.0%
FY2013
78
$25.7 million
71
7
0
9.0%
FY2014
89
$14.4 million
83
5
1
5.6%
FY2015
119
$22.7 million
109
6
4
5.0%
FY2016
110
$23.4 million
103
4
3
3.6%
FY2017
116
$27.5 million
99
10
7
8.6%
FY2018
138
$19.9 million
106
13
19
9.4%
FY2019
93
$19.3 million
70
5
18
5.4%
FY2020
77
$19.1 million
49
8
20
10.4%
FY2021
106
$41.5 million
67
5
34
4.7%
FY2022
124
$46.6 million
33
9
82
too recent for a share
FY2023
183
$54.2 million
43
13
127
too recent for a share
FY2024
203
$68.4 million
32
5
166
too recent for a share
FY2025
186
$63.1 million
12
3
171
too recent for a share
FY2026
103
$38.3 million
0
0
103
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2003 to 2021)
Charged off
Share
California
198
34
17.2%
Texas
140
21
15.0%
Ohio
133
16
12.0%
New York
133
21
15.8%
Minnesota
101
13
12.9%
Massachusetts
95
11
11.6%
Florida
93
27
29.0%
Colorado
91
29
31.9%
Washington
86
20
23.3%
Utah
76
18
23.7%
Wisconsin
68
9
13.2%
Michigan
61
11
18.0%
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.