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

How have SBA loans in Iron and Steel Forging turned out?

Of 208 loans approved in fiscal 2000 to 2021 (at least five years old), 20 (9.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Iron and Steel Forging appears on 236 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $127.4 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.
Iron and Steel ForgingIndustry NAICS 332111 · 236 loans
10%of seasoned loans charged off
  1. Iron and Steel Forging appears on 236 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2025, $127.4 million in gross approvals.
  2. Of 208 loans approved in fiscal 2000 to 2021 (at least five years old), 20 (9.6%) 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%29%Fiscal 2002: 2 of 10 loans charged off (20.0%)Fiscal 2003: 1 of 14 loans charged off (7.1%)Fiscal 2004: 2 of 15 loans charged off (13.3%)Fiscal 2005: 3 of 20 loans charged off (15.0%)Fiscal 2007: 5 of 17 loans charged off (29.4%)Fiscal 2012: 1 of 10 loans charged off (10.0%)Fiscal 2013: 0 of 12 loans charged off (0.0%)Fiscal 2017: 1 of 12 loans charged off (8.3%)Fiscal 2020: 0 of 15 loans charged off (0.0%)Fiscal 2021: 0 of 16 loans charged off (0.0%)2002200320042005200720122013201720202021
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
FY20005$1.5 million500few loans
FY20014$3.0 million400few loans
FY200210$2.8 million82020.0%
FY200314$5.2 million13107.1%
FY200415$7.8 million132013.3%
FY200520$6.6 million173015.0%
FY20068$1.6 million710few loans
FY200717$6.7 million125029.4%
FY20087$3.7 million610few loans
FY20095$1.1 million410few loans
FY20106$3.0 million510few loans
FY20119$3.6 million810few loans
FY201210$6.3 million81110.0%
FY201312$5.3 million11010.0%
FY20147$560,000601few loans
FY20155$3.5 million500few loans
FY20168$7.2 million701few loans
FY201712$3.7 million9128.3%
FY20182$175,000200few loans
FY20191$217,000001few loans
FY202015$16.0 million7080.0%
FY202116$16.0 million60100.0%
FY20227$6.8 million403too recent for a share
FY20239$9.4 million108too recent for a share
FY20247$2.2 million106too recent for a share
FY20255$3.3 million005too 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.

☆ Save