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

How have SBA loans in Flooring Contractors turned out?

Of 2,843 loans approved in fiscal 2002 to 2021 (at least five years old), 569 (20.0%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Flooring Contractors appears on 3,773 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $773.9 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.
Flooring ContractorsIndustry NAICS 238330 · 3,773 loans
20%of seasoned loans charged off
  1. Flooring Contractors appears on 3,773 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $773.9 million in gross approvals.
  2. Of 2,843 loans approved in fiscal 2002 to 2021 (at least five years old), 569 (20.0%) 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%44%Fiscal 2003: 6 of 38 loans charged off (15.8%)Fiscal 2004: 29 of 117 loans charged off (24.8%)Fiscal 2005: 65 of 214 loans charged off (30.4%)Fiscal 2006: 117 of 274 loans charged off (42.7%)Fiscal 2007: 141 of 318 loans charged off (44.3%)Fiscal 2008: 60 of 176 loans charged off (34.1%)Fiscal 2009: 21 of 85 loans charged off (24.7%)Fiscal 2010: 13 of 83 loans charged off (15.7%)Fiscal 2011: 6 of 96 loans charged off (6.3%)Fiscal 2012: 3 of 86 loans charged off (3.5%)Fiscal 2013: 7 of 112 loans charged off (6.3%)Fiscal 2014: 4 of 148 loans charged off (2.7%)Fiscal 2015: 10 of 149 loans charged off (6.7%)Fiscal 2016: 13 of 172 loans charged off (7.6%)Fiscal 2017: 15 of 163 loans charged off (9.2%)Fiscal 2018: 29 of 187 loans charged off (15.5%)Fiscal 2019: 10 of 168 loans charged off (6.0%)Fiscal 2020: 13 of 138 loans charged off (9.4%)Fiscal 2021: 7 of 118 loans charged off (5.9%)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$353,000100few loans
FY200338$4.3 million326015.8%
FY2004117$14.1 million8829024.8%
FY2005214$23.6 million14965030.4%
FY2006274$22.7 million157117042.7%
FY2007318$25.2 million176141144.3%
FY2008176$15.3 million11360334.1%
FY200985$8.2 million6321124.7%
FY201083$14.5 million6913115.7%
FY201196$16.0 million90606.3%
FY201286$20.1 million81323.5%
FY2013112$25.6 million100756.3%
FY2014148$19.9 million141432.7%
FY2015149$39.4 million1341056.7%
FY2016172$17.6 million1501397.6%
FY2017163$32.1 million13315159.2%
FY2018187$48.4 million125293315.5%
FY2019168$40.0 million10410546.0%
FY2020138$47.2 million7613499.4%
FY2021118$56.0 million527595.9%
FY2022118$38.8 million43768too recent for a share
FY2023198$56.8 million3916143too recent for a share
FY2024268$68.6 million251242too recent for a share
FY2025210$72.7 million110199too recent for a share
FY2026136$46.5 million10135too recent for a share

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

StateLoans (FY2002 to 2021)Charged offShare
California3047424.3%
Texas1953115.9%
New York1854725.4%
Florida1634527.6%
Ohio15674.5%
Massachusetts1361914.0%
Illinois1102522.7%
Minnesota1101210.9%
Washington1082422.2%
Michigan1072018.7%
Colorado961717.7%
Utah881719.3%

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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