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

How have SBA loans in Machine Shops turned out?

Of 4,498 loans approved in fiscal 2001 to 2021 (at least five years old), 386 (8.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Machine Shops appears on 5,194 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $2.4 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.
Machine ShopsIndustry NAICS 332710 · 5,194 loans
9%of seasoned loans charged off
  1. Machine Shops appears on 5,194 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $2.4 billion in gross approvals.
  2. Of 4,498 loans approved in fiscal 2001 to 2021 (at least five years old), 386 (8.6%) 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%21%Fiscal 2001: 23 of 201 loans charged off (11.4%)Fiscal 2002: 22 of 204 loans charged off (10.8%)Fiscal 2003: 17 of 219 loans charged off (7.8%)Fiscal 2004: 31 of 282 loans charged off (11.0%)Fiscal 2005: 48 of 331 loans charged off (14.5%)Fiscal 2006: 38 of 243 loans charged off (15.6%)Fiscal 2007: 52 of 247 loans charged off (21.1%)Fiscal 2008: 30 of 207 loans charged off (14.5%)Fiscal 2009: 15 of 182 loans charged off (8.2%)Fiscal 2010: 10 of 185 loans charged off (5.4%)Fiscal 2011: 11 of 273 loans charged off (4.0%)Fiscal 2012: 15 of 244 loans charged off (6.1%)Fiscal 2013: 9 of 196 loans charged off (4.6%)Fiscal 2014: 13 of 204 loans charged off (6.4%)Fiscal 2015: 10 of 208 loans charged off (4.8%)Fiscal 2016: 17 of 230 loans charged off (7.4%)Fiscal 2017: 6 of 192 loans charged off (3.1%)Fiscal 2018: 10 of 167 loans charged off (6.0%)Fiscal 2019: 2 of 168 loans charged off (1.2%)Fiscal 2020: 1 of 125 loans charged off (0.8%)Fiscal 2021: 6 of 190 loans charged off (3.2%)20012003200520072009201120132015201720192021
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
FY2001201$55.4 million17823011.4%
FY2002204$55.8 million18222010.8%
FY2003219$49.2 million2011717.8%
FY2004282$63.1 million25131011.0%
FY2005331$73.2 million28348014.5%
FY2006243$57.6 million20338215.6%
FY2007247$69.2 million19452121.1%
FY2008207$56.8 million17630114.5%
FY2009182$57.1 million1611568.2%
FY2010185$69.5 million1741015.4%
FY2011273$121.8 million2571154.0%
FY2012244$110.0 million21915106.1%
FY2013196$99.3 million178994.6%
FY2014204$101.7 million17713146.4%
FY2015208$89.6 million1921064.8%
FY2016230$116.5 million19317207.4%
FY2017192$102.1 million1526343.1%
FY2018167$113.6 million11110466.0%
FY2019168$131.7 million1032631.2%
FY2020125$88.0 million591650.8%
FY2021190$170.8 million936913.2%
FY2022139$100.1 million340105too recent for a share
FY2023153$108.7 million242127too recent for a share
FY2024141$115.3 million153123too recent for a share
FY2025149$120.3 million30146too recent for a share
FY2026114$96.1 million00114too recent for a share

By state, where 30 or more loans are at least five years old

StateLoans (FY2001 to 2021)Charged offShare
California558468.2%
Wisconsin324319.6%
Ohio314268.3%
Minnesota294268.8%
Texas290258.6%
Michigan256207.8%
New York231156.5%
Pennsylvania227167.0%
Massachusetts1531912.4%
Illinois147128.2%
Indiana1421712.0%
Utah10643.8%

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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