How have SBA loans in Mobile Food Services turned out?
Of 1,736 loans approved in fiscal 2001 to 2021 (at least five years old), 193 (11.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Mobile Food Services appears on 2,767 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $270.9 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.
Mobile Food ServicesIndustry NAICS 722330 · 2,767 loans
11%of seasoned loans charged off
Mobile Food Services appears on 2,767 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $270.9 million in gross approvals.
Of 1,736 loans approved in fiscal 2001 to 2021 (at least five years old), 193 (11.1%) 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
36
$2.6 million
34
2
0
5.6%
FY2002
31
$3.8 million
27
4
0
12.9%
FY2003
26
$2.5 million
19
7
0
26.9%
FY2004
58
$5.1 million
48
10
0
17.2%
FY2005
60
$7.7 million
50
9
1
15.0%
FY2006
59
$4.2 million
39
20
0
33.9%
FY2007
46
$3.5 million
34
11
1
23.9%
FY2008
41
$2.9 million
33
8
0
19.5%
FY2009
28
$2.0 million
23
5
0
17.9%
FY2010
44
$4.7 million
36
8
0
18.2%
FY2011
80
$3.5 million
73
7
0
8.8%
FY2012
62
$3.9 million
58
4
0
6.5%
FY2013
121
$34.9 million
114
6
1
5.0%
FY2014
117
$13.6 million
104
12
1
10.3%
FY2015
121
$7.9 million
106
11
4
9.1%
FY2016
134
$10.1 million
113
16
5
11.9%
FY2017
165
$13.2 million
132
17
16
10.3%
FY2018
156
$10.7 million
116
19
21
12.2%
FY2019
128
$12.4 million
99
6
23
4.7%
FY2020
98
$9.5 million
71
6
21
6.1%
FY2021
125
$13.9 million
70
5
50
4.0%
FY2022
153
$14.9 million
45
19
89
too recent for a share
FY2023
223
$22.3 million
46
10
167
too recent for a share
FY2024
263
$19.9 million
32
6
225
too recent for a share
FY2025
232
$25.0 million
16
0
216
too recent for a share
FY2026
160
$16.0 million
1
0
159
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
California
188
21
11.2%
Texas
135
19
14.1%
Ohio
131
19
14.5%
New York
83
10
12.0%
Minnesota
73
4
5.5%
Florida
67
10
14.9%
Washington
58
3
5.2%
Oregon
57
3
5.3%
Michigan
51
5
9.8%
Utah
48
6
12.5%
Massachusetts
46
2
4.3%
Hawaii
43
1
2.3%
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.