How have SBA loans in "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" turned out?
Of 1,048 loans approved in fiscal 2003 to 2021 (at least five years old), 200 (19.1%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" appears on 1,242 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $645.8 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.
"Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" appears on 1,242 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $645.8 million in gross approvals.
Of 1,048 loans approved in fiscal 2003 to 2021 (at least five years old), 200 (19.1%) 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
45
$7.7 million
35
10
0
22.2%
FY2004
89
$14.6 million
69
20
0
22.5%
FY2005
98
$21.2 million
70
28
0
28.6%
FY2006
78
$14.9 million
39
38
1
48.7%
FY2007
81
$15.0 million
47
34
0
42.0%
FY2008
81
$18.0 million
55
26
0
32.1%
FY2009
37
$17.1 million
30
7
0
18.9%
FY2010
57
$16.3 million
53
4
0
7.0%
FY2011
70
$39.3 million
60
8
2
11.4%
FY2012
22
$9.5 million
20
2
0
9.1%
FY2013
47
$23.3 million
38
6
3
12.8%
FY2014
31
$20.8 million
27
3
1
9.7%
FY2015
60
$28.6 million
51
7
2
11.7%
FY2016
33
$18.4 million
31
1
1
3.0%
FY2017
58
$41.3 million
45
2
11
3.4%
FY2018
35
$36.5 million
29
2
4
5.7%
FY2019
42
$33.3 million
32
0
10
0.0%
FY2020
37
$27.1 million
28
1
8
2.7%
FY2021
47
$65.4 million
27
1
19
2.1%
FY2022
30
$35.8 million
9
1
20
too recent for a share
FY2023
35
$35.2 million
6
1
28
too recent for a share
FY2024
62
$47.6 million
4
1
57
too recent for a share
FY2025
44
$35.1 million
2
0
42
too recent for a share
FY2026
23
$23.9 million
0
0
23
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
California
105
21
20.0%
Florida
83
29
34.9%
New York
82
11
13.4%
Texas
65
12
18.5%
Washington
47
7
14.9%
Pennsylvania
42
4
9.5%
Minnesota
41
6
14.6%
Ohio
40
8
20.0%
North Carolina
39
5
12.8%
Oregon
31
2
6.5%
Illinois
31
11
35.5%
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.