How have SBA loans in Industrial Machinery and Equipment Merchant Wholesalers turned out?
Of 1,731 loans approved in fiscal 2003 to 2021 (at least five years old), 180 (10.4%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Industrial Machinery and Equipment Merchant Wholesalers appears on 2,074 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $1.0 billion 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.
Industrial Machinery and Equipment Merchant Wholesalers appears on 2,074 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $1.0 billion in gross approvals.
Of 1,731 loans approved in fiscal 2003 to 2021 (at least five years old), 180 (10.4%) were charged off by the lender, against 15.7% 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
FY2003
53
$5.8 million
50
3
0
5.7%
FY2004
124
$19.3 million
100
24
0
19.4%
FY2005
104
$20.6 million
87
17
0
16.3%
FY2006
128
$30.9 million
99
27
2
21.1%
FY2007
124
$30.1 million
85
39
0
31.5%
FY2008
82
$27.7 million
65
17
0
20.7%
FY2009
68
$23.5 million
62
5
1
7.4%
FY2010
90
$35.6 million
84
5
1
5.6%
FY2011
100
$49.0 million
97
2
1
2.0%
FY2012
97
$38.3 million
95
2
0
2.1%
FY2013
103
$53.8 million
96
3
4
2.9%
FY2014
88
$50.1 million
80
3
5
3.4%
FY2015
85
$45.6 million
77
4
4
4.7%
FY2016
107
$54.3 million
93
5
9
4.7%
FY2017
76
$43.1 million
59
5
12
6.6%
FY2018
96
$47.5 million
70
8
18
8.3%
FY2019
75
$38.8 million
52
8
15
10.7%
FY2020
61
$36.2 million
41
0
20
0.0%
FY2021
70
$58.2 million
37
3
30
4.3%
FY2022
66
$64.6 million
28
1
37
too recent for a share
FY2023
87
$55.0 million
29
2
56
too recent for a share
FY2024
73
$56.2 million
16
0
57
too recent for a share
FY2025
74
$78.8 million
9
0
65
too recent for a share
FY2026
43
$44.5 million
0
0
43
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2003 to 2021)
Charged off
Share
Texas
192
18
9.4%
California
181
28
15.5%
Ohio
131
12
9.2%
Florida
128
22
17.2%
Michigan
93
8
8.6%
New York
85
9
10.6%
Illinois
68
4
5.9%
Massachusetts
59
6
10.2%
Pennsylvania
55
5
9.1%
Missouri
51
5
9.8%
Utah
48
3
6.3%
Indiana
47
3
6.4%
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.