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

How have SBA loans in Electrical Contractors and Other Wiring Installation Contractors turned out?

Of 9,588 loans approved in fiscal 2002 to 2021 (at least five years old), 1,406 (14.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Electrical Contractors and Other Wiring Installation Contractors appears on 12,626 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $2.9 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.
Electrical Contractors and Other Wiring Installation ContractorsIndustry NAICS 238210 · 12,626 loans
15%of seasoned loans charged off
  1. Electrical Contractors and Other Wiring Installation Contractors appears on 12,626 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $2.9 billion in gross approvals.
  2. Of 9,588 loans approved in fiscal 2002 to 2021 (at least five years old), 1,406 (14.7%) 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%34%Fiscal 2003: 49 of 224 loans charged off (21.9%)Fiscal 2004: 87 of 507 loans charged off (17.2%)Fiscal 2005: 173 of 732 loans charged off (23.6%)Fiscal 2006: 228 of 776 loans charged off (29.4%)Fiscal 2007: 285 of 838 loans charged off (34.0%)Fiscal 2008: 146 of 543 loans charged off (26.9%)Fiscal 2009: 55 of 362 loans charged off (15.2%)Fiscal 2010: 48 of 421 loans charged off (11.4%)Fiscal 2011: 27 of 432 loans charged off (6.3%)Fiscal 2012: 21 of 405 loans charged off (5.2%)Fiscal 2013: 16 of 420 loans charged off (3.8%)Fiscal 2014: 28 of 461 loans charged off (6.1%)Fiscal 2015: 32 of 527 loans charged off (6.1%)Fiscal 2016: 43 of 556 loans charged off (7.7%)Fiscal 2017: 48 of 551 loans charged off (8.7%)Fiscal 2018: 44 of 566 loans charged off (7.8%)Fiscal 2019: 38 of 480 loans charged off (7.9%)Fiscal 2020: 24 of 365 loans charged off (6.6%)Fiscal 2021: 14 of 421 loans charged off (3.3%)2003200520072009201120132015201720192021
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
FY20021$785,700100few loans
FY2003224$18.0 million17549021.9%
FY2004507$55.1 million41987117.2%
FY2005732$65.2 million559173023.6%
FY2006776$76.0 million547228129.4%
FY2007838$72.3 million551285234.0%
FY2008543$70.7 million393146426.9%
FY2009362$55.8 million30655115.2%
FY2010421$63.7 million37048311.4%
FY2011432$72.3 million4012746.3%
FY2012405$73.9 million3792155.2%
FY2013420$83.7 million3991653.8%
FY2014461$84.4 million42028136.1%
FY2015527$85.5 million47832176.1%
FY2016556$88.5 million49143227.7%
FY2017551$110.9 million44848558.7%
FY2018566$132.8 million43044927.8%
FY2019480$131.4 million334381087.9%
FY2020365$162.9 million232241096.6%
FY2021421$220.3 million225141823.3%
FY2022462$177.3 million15523284too recent for a share
FY2023607$228.6 million14725435too recent for a share
FY2024732$272.6 million899634too recent for a share
FY2025792$326.1 million441747too recent for a share
FY2026445$190.5 million20443too recent for a share

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

StateLoans (FY2002 to 2021)Charged offShare
California1,12420418.1%
Texas6228213.2%
New York6077812.8%
Massachusetts467449.4%
Ohio4645511.8%
Florida4358519.5%
Pennsylvania3293610.9%
Illinois3086922.4%
Colorado2995016.7%
Utah2934214.3%
Michigan2924415.1%
Washington2803512.5%

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.

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