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

How have SBA loans in Hardware Merchant Wholesalers turned out?

Of 545 loans approved in fiscal 2003 to 2021 (at least five years old), 85 (15.6%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Hardware Merchant Wholesalers appears on 672 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $301.9 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.
Hardware Merchant WholesalersIndustry NAICS 423710 · 672 loans
16%of seasoned loans charged off
  1. Hardware Merchant Wholesalers appears on 672 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $301.9 million in gross approvals.
  2. Of 545 loans approved in fiscal 2003 to 2021 (at least five years old), 85 (15.6%) were charged off by the lender, against 15.7% 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 20 loans charged off (35.0%)Fiscal 2004: 8 of 31 loans charged off (25.8%)Fiscal 2005: 7 of 37 loans charged off (18.9%)Fiscal 2006: 20 of 48 loans charged off (41.7%)Fiscal 2007: 11 of 43 loans charged off (25.6%)Fiscal 2008: 8 of 38 loans charged off (21.1%)Fiscal 2009: 4 of 24 loans charged off (16.7%)Fiscal 2010: 3 of 28 loans charged off (10.7%)Fiscal 2011: 0 of 29 loans charged off (0.0%)Fiscal 2012: 1 of 21 loans charged off (4.8%)Fiscal 2013: 0 of 18 loans charged off (0.0%)Fiscal 2014: 1 of 19 loans charged off (5.3%)Fiscal 2015: 1 of 33 loans charged off (3.0%)Fiscal 2016: 2 of 24 loans charged off (8.3%)Fiscal 2017: 3 of 41 loans charged off (7.3%)Fiscal 2018: 6 of 27 loans charged off (22.2%)Fiscal 2019: 1 of 27 loans charged off (3.7%)Fiscal 2020: 2 of 14 loans charged off (14.3%)Fiscal 2021: 0 of 23 loans charged off (0.0%)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
FY200320$1.4 million137035.0%
FY200431$4.5 million238025.8%
FY200537$2.0 million307018.9%
FY200648$8.8 million2820041.7%
FY200743$6.1 million3211025.6%
FY200838$7.7 million308021.1%
FY200924$12.9 million204016.7%
FY201028$11.0 million253010.7%
FY201129$10.4 million29000.0%
FY201221$6.2 million20104.8%
FY201318$9.8 million17010.0%
FY201419$5.6 million18105.3%
FY201533$16.2 million31113.0%
FY201624$11.7 million21218.3%
FY201741$17.9 million34347.3%
FY201827$10.2 million156622.2%
FY201927$23.1 million22143.7%
FY202014$11.5 million92314.3%
FY202123$18.7 million80150.0%
FY202230$25.8 million16014too recent for a share
FY202326$21.8 million7019too recent for a share
FY202430$16.3 million4026too recent for a share
FY202525$31.3 million1024too recent for a share
FY202616$11.1 million0016too recent for a share

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

StateLoans (FY2003 to 2021)Charged offShare
California811417.3%
Florida47510.6%
New York42921.4%
Texas4037.5%
Illinois30413.3%

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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