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

How have SBA loans in Finish Carpentry Contractors turned out?

Of 2,770 loans approved in fiscal 2002 to 2021 (at least five years old), 557 (20.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Finish Carpentry Contractors appears on 3,663 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $602.7 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.
Finish Carpentry ContractorsIndustry NAICS 238350 · 3,663 loans
20%of seasoned loans charged off
  1. Finish Carpentry Contractors appears on 3,663 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $602.7 million in gross approvals.
  2. Of 2,770 loans approved in fiscal 2002 to 2021 (at least five years old), 557 (20.1%) 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%42%Fiscal 2003: 7 of 35 loans charged off (20.0%)Fiscal 2004: 24 of 126 loans charged off (19.0%)Fiscal 2005: 85 of 253 loans charged off (33.6%)Fiscal 2006: 110 of 275 loans charged off (40.0%)Fiscal 2007: 123 of 292 loans charged off (42.1%)Fiscal 2008: 71 of 191 loans charged off (37.2%)Fiscal 2009: 14 of 84 loans charged off (16.7%)Fiscal 2010: 16 of 97 loans charged off (16.5%)Fiscal 2011: 8 of 84 loans charged off (9.5%)Fiscal 2012: 0 of 89 loans charged off (0.0%)Fiscal 2013: 4 of 88 loans charged off (4.5%)Fiscal 2014: 7 of 117 loans charged off (6.0%)Fiscal 2015: 10 of 143 loans charged off (7.0%)Fiscal 2016: 9 of 164 loans charged off (5.5%)Fiscal 2017: 15 of 165 loans charged off (9.1%)Fiscal 2018: 21 of 166 loans charged off (12.7%)Fiscal 2019: 17 of 155 loans charged off (11.0%)Fiscal 2020: 6 of 113 loans charged off (5.3%)Fiscal 2021: 10 of 132 loans charged off (7.6%)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$40,000100few loans
FY200335$3.7 million287020.0%
FY2004126$12.4 million10124119.0%
FY2005253$22.9 million16685233.6%
FY2006275$18.4 million163110240.0%
FY2007292$24.0 million169123042.1%
FY2008191$16.2 million11771337.2%
FY200984$8.2 million6914116.7%
FY201097$7.0 million7916216.5%
FY201184$9.0 million76809.5%
FY201289$8.6 million89000.0%
FY201388$11.1 million83414.5%
FY2014117$12.9 million107736.0%
FY2015143$23.4 million1281057.0%
FY2016164$17.7 million150955.5%
FY2017165$22.8 million12715239.1%
FY2018166$25.4 million119212612.7%
FY2019155$25.1 million94174411.0%
FY2020113$24.6 million796285.3%
FY2021132$47.7 million7810447.6%
FY2022137$35.0 million441182too recent for a share
FY2023169$32.7 million3512122too recent for a share
FY2024224$57.2 million273194too recent for a share
FY2025225$72.2 million81216too recent for a share
FY2026138$64.4 million20136too recent for a share

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

StateLoans (FY2002 to 2021)Charged offShare
California2436125.1%
New York1953216.4%
Ohio194199.8%
Florida1925428.1%
Massachusetts1492214.8%
Utah1363022.1%
Texas1132320.3%
Illinois902325.6%
Colorado882225.0%
Minnesota871213.8%
Wisconsin871011.5%
Washington862124.4%

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.

☆ Save