How have SBA loans in Food Service Contractors turned out?
Of 1,599 loans approved in fiscal 2000 to 2021 (at least five years old), 211 (13.2%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Food Service Contractors appears on 1,885 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $459.4 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.
Food Service ContractorsIndustry NAICS 722310 · 1,885 loans
13%of seasoned loans charged off
Food Service Contractors appears on 1,885 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $459.4 million in gross approvals.
Of 1,599 loans approved in fiscal 2000 to 2021 (at least five years old), 211 (13.2%) were charged off by the lender, against 15.6% 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
FY2000
1
$247,000
1
0
0
few loans
FY2001
47
$12.3 million
38
9
0
19.1%
FY2002
51
$14.4 million
47
4
0
7.8%
FY2003
49
$8.5 million
40
9
0
18.4%
FY2004
42
$4.9 million
36
6
0
14.3%
FY2005
68
$5.7 million
48
20
0
29.4%
FY2006
86
$10.1 million
61
24
1
27.9%
FY2007
108
$12.0 million
76
32
0
29.6%
FY2008
62
$8.5 million
44
17
1
27.4%
FY2009
29
$8.4 million
24
5
0
17.2%
FY2010
49
$10.2 million
44
5
0
10.2%
FY2011
41
$11.1 million
35
6
0
14.6%
FY2012
28
$8.8 million
25
3
0
10.7%
FY2013
210
$43.8 million
189
17
4
8.1%
FY2014
219
$31.6 million
196
21
2
9.6%
FY2015
170
$35.9 million
151
14
5
8.2%
FY2016
73
$19.4 million
69
1
3
1.4%
FY2017
61
$17.4 million
52
5
4
8.2%
FY2018
65
$20.2 million
53
4
8
6.2%
FY2019
63
$20.2 million
42
6
15
9.5%
FY2020
33
$14.8 million
22
2
9
6.1%
FY2021
44
$24.3 million
15
1
28
2.3%
FY2022
45
$27.6 million
15
1
29
too recent for a share
FY2023
66
$21.5 million
15
2
49
too recent for a share
FY2024
73
$29.1 million
17
3
53
too recent for a share
FY2025
65
$23.2 million
2
0
63
too recent for a share
FY2026
37
$15.0 million
0
0
37
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2000 to 2021)
Charged off
Share
Ohio
238
28
11.8%
California
163
22
13.5%
New York
118
15
12.7%
Texas
101
22
21.8%
Michigan
98
10
10.2%
Pennsylvania
96
6
6.3%
Florida
70
16
22.9%
Indiana
49
9
18.4%
Georgia
44
8
18.2%
Massachusetts
42
2
4.8%
New Jersey
38
7
18.4%
Maryland
35
4
11.4%
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.