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

How have SBA loans in Heating Equipment (except Warm Air Furnaces) Manufacturing turned out?

Of 130 loans approved in fiscal 2000 to 2019 (at least five years old), 16 (12.3%) were charged off by the lender, against 16.4% across all 7(a) loans approved in those same years. Heating Equipment (except Warm Air Furnaces) Manufacturing appears on 139 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $50.7 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.
Heating Equipment (except Warm Air Furnaces) ManufacturingIndustry NAICS 333414 · 139 loans
12%of seasoned loans charged off
  1. Heating Equipment (except Warm Air Furnaces) Manufacturing appears on 139 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $50.7 million in gross approvals.
  2. Of 130 loans approved in fiscal 2000 to 2019 (at least five years old), 16 (12.3%) were charged off by the lender, against 16.4% 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%30%Fiscal 2000: 0 of 11 loans charged off (0.0%)Fiscal 2004: 1 of 10 loans charged off (10.0%)Fiscal 2009: 3 of 10 loans charged off (30.0%)Fiscal 2015: 1 of 12 loans charged off (8.3%)2000200420092015
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
FY200011$2.8 million11000.0%
FY20015$1.1 million410few loans
FY20025$1.4 million500few loans
FY20034$1.4 million310few loans
FY200410$3.1 million91010.0%
FY20054$220,000400few loans
FY20068$1.3 million620few loans
FY20076$1.4 million240few loans
FY20087$1.5 million610few loans
FY200910$3.2 million73030.0%
FY20104$1.1 million400few loans
FY20116$3.4 million600few loans
FY20127$2.0 million610few loans
FY20135$1.7 million500few loans
FY20145$6.9 million311few loans
FY201512$3.7 million10118.3%
FY20164$939,000202few loans
FY20179$5.9 million603few loans
FY20185$4.1 million500few loans
FY20193$650,000201few loans
FY20221$408,000001too recent for a share
FY20235$1.6 million104too recent for a share
FY20252$955,000002too recent for a share
FY20261$35,000001too recent for a share

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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