How have SBA loans in Lessors of Miniwarehouses and Self-Storage Units turned out?
Of 1,436 loans approved in fiscal 2001 to 2021 (at least five years old), 19 (1.3%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Lessors of Miniwarehouses and Self-Storage Units appears on 2,010 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $2.7 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.
Lessors of Miniwarehouses and Self-Storage UnitsIndustry NAICS 531130 · 2,010 loans
1%of seasoned loans charged off
Lessors of Miniwarehouses and Self-Storage Units appears on 2,010 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $2.7 billion in gross approvals.
Of 1,436 loans approved in fiscal 2001 to 2021 (at least five years old), 19 (1.3%) were charged off by the lender, against 15.6% 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
FY2001
4
$962,000
4
0
0
few loans
FY2002
1
$143,100
1
0
0
few loans
FY2003
6
$1.3 million
5
1
0
few loans
FY2004
9
$662,700
7
2
0
few loans
FY2005
11
$1.6 million
9
2
0
18.2%
FY2006
11
$1.5 million
8
3
0
27.3%
FY2007
6
$495,000
2
3
1
few loans
FY2008
3
$875,000
2
0
1
few loans
FY2009
5
$1.6 million
5
0
0
few loans
FY2010
1
$175,000
1
0
0
few loans
FY2011
77
$93.6 million
72
0
5
0.0%
FY2012
81
$97.8 million
77
0
4
0.0%
FY2013
87
$83.8 million
78
1
8
1.1%
FY2014
105
$93.9 million
97
0
8
0.0%
FY2015
97
$91.5 million
81
1
15
1.0%
FY2016
126
$178.7 million
110
2
14
1.6%
FY2017
159
$266.9 million
136
2
21
1.3%
FY2018
151
$209.9 million
115
1
35
0.7%
FY2019
95
$137.5 million
71
0
24
0.0%
FY2020
145
$198.6 million
100
0
45
0.0%
FY2021
256
$368.0 million
130
1
125
0.4%
FY2022
177
$227.8 million
75
1
101
too recent for a share
FY2023
110
$165.8 million
27
0
83
too recent for a share
FY2024
108
$174.3 million
10
0
98
too recent for a share
FY2025
104
$147.0 million
1
0
103
too recent for a share
FY2026
75
$123.4 million
0
0
75
too recent for a share
By state, where 30 or more loans are at least five years old
State
Loans (FY2001 to 2021)
Charged off
Share
Texas
152
1
0.7%
Wisconsin
121
1
0.8%
California
100
0
0.0%
Georgia
71
1
1.4%
Florida
68
2
2.9%
North Carolina
67
0
0.0%
Ohio
55
0
0.0%
New York
54
4
7.4%
South Carolina
48
3
6.3%
Washington
45
0
0.0%
Michigan
44
0
0.0%
Illinois
42
0
0.0%
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.