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

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

Of 98 loans approved in fiscal 2000 to 2018 (at least five years old), 16 (16.3%) were charged off by the lender, against 16.9% across all 7(a) loans approved in those same years. Iron and Steel Mills appears on 99 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $27.1 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 MillsIndustry NAICS 331111 · 99 loans
16%of seasoned loans charged off
  1. Iron and Steel Mills appears on 99 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2024, $27.1 million in gross approvals.
  2. Of 98 loans approved in fiscal 2000 to 2018 (at least five years old), 16 (16.3%) were charged off by the lender, against 16.9% 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%15%Fiscal 2003: 1 of 12 loans charged off (8.3%)Fiscal 2004: 1 of 10 loans charged off (10.0%)Fiscal 2005: 1 of 14 loans charged off (7.1%)Fiscal 2006: 2 of 14 loans charged off (14.3%)2003200420052006
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
FY20003$3.0 million210few loans
FY20014$970,900400few loans
FY20024$1.5 million400few loans
FY200312$1.9 million11108.3%
FY200410$1.4 million91010.0%
FY200514$5.7 million13107.1%
FY200614$1.3 million122014.3%
FY20077$632,500520few loans
FY20086$1.0 million510few loans
FY20096$782,000240few loans
FY20101$50,000100few loans
FY20116$6.0 million600few loans
FY20128$2.6 million620few loans
FY20132$170,000110few loans
FY20181$65,000100few loans
FY20241$150,000001too 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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