How have SBA loans in "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" turned out?
Of 1,196 loans approved in fiscal 2003 to 2021 (at least five years old), 172 (14.4%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" appears on 1,399 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $754.4 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.
"Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers"Industry NAICS 423610 · 1,399 loans
14%of seasoned loans charged off
"Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" appears on 1,399 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $754.4 million in gross approvals.
Of 1,196 loans approved in fiscal 2003 to 2021 (at least five years old), 172 (14.4%) 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
40
$7.8 million
34
6
0
15.0%
FY2004
81
$15.1 million
72
9
0
11.1%
FY2005
100
$20.5 million
75
25
0
25.0%
FY2006
75
$18.8 million
48
27
0
36.0%
FY2007
60
$13.2 million
32
28
0
46.7%
FY2008
80
$27.2 million
51
27
2
33.8%
FY2009
42
$17.5 million
35
6
1
14.3%
FY2010
50
$16.1 million
48
2
0
4.0%
FY2011
59
$21.0 million
54
5
0
8.5%
FY2012
65
$23.0 million
55
7
3
10.8%
FY2013
60
$33.5 million
57
2
1
3.3%
FY2014
58
$37.4 million
51
4
3
6.9%
FY2015
74
$49.8 million
67
3
4
4.1%
FY2016
67
$23.0 million
59
3
5
4.5%
FY2017
71
$44.7 million
50
9
12
12.7%
FY2018
66
$35.5 million
42
5
19
7.6%
FY2019
50
$41.4 million
29
3
18
6.0%
FY2020
41
$41.6 million
28
0
13
0.0%
FY2021
57
$88.6 million
31
1
25
1.8%
FY2022
35
$30.9 million
15
1
19
too recent for a share
FY2023
52
$45.0 million
12
0
40
too recent for a share
FY2024
49
$32.2 million
10
0
39
too recent for a share
FY2025
52
$55.9 million
3
0
49
too recent for a share
FY2026
15
$14.6 million
0
0
15
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
225
22
9.8%
New York
91
15
16.5%
Texas
87
13
14.9%
Florida
77
22
28.6%
Ohio
69
7
10.1%
Colorado
48
7
14.6%
New Jersey
45
6
13.3%
Utah
37
6
16.2%
Indiana
35
4
11.4%
Illinois
34
5
14.7%
Michigan
34
5
14.7%
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.