How have SBA loans in Motor Vehicle Towing turned out?
Of 2,073 loans approved in fiscal 2001 to 2021 (at least five years old), 313 (15.1%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Motor Vehicle Towing appears on 2,592 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $700.6 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.
Motor Vehicle TowingIndustry NAICS 488410 · 2,592 loans
15%of seasoned loans charged off
Motor Vehicle Towing appears on 2,592 SBA-guaranteed 7(a) loans approved from fiscal 2001 to 2026, $700.6 million in gross approvals.
Of 2,073 loans approved in fiscal 2001 to 2021 (at least five years old), 313 (15.1%) 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
58
$10.9 million
47
11
0
19.0%
FY2002
81
$15.3 million
67
14
0
17.3%
FY2003
103
$15.0 million
86
17
0
16.5%
FY2004
129
$18.4 million
108
21
0
16.3%
FY2005
151
$23.5 million
110
38
3
25.2%
FY2006
167
$21.4 million
117
49
1
29.3%
FY2007
141
$15.7 million
87
53
1
37.6%
FY2008
111
$22.5 million
75
32
4
28.8%
FY2009
68
$12.0 million
52
16
0
23.5%
FY2010
63
$10.3 million
58
3
2
4.8%
FY2011
90
$20.5 million
87
2
1
2.2%
FY2012
57
$10.1 million
49
4
4
7.0%
FY2013
85
$21.8 million
75
6
4
7.1%
FY2014
105
$20.9 million
92
8
5
7.6%
FY2015
100
$23.3 million
96
3
1
3.0%
FY2016
96
$26.4 million
85
8
3
8.3%
FY2017
105
$31.9 million
81
5
19
4.8%
FY2018
119
$49.1 million
90
9
20
7.6%
FY2019
77
$21.1 million
49
9
19
11.7%
FY2020
89
$53.0 million
50
2
37
2.2%
FY2021
78
$45.7 million
38
3
37
3.8%
FY2022
96
$45.6 million
20
4
72
too recent for a share
FY2023
112
$45.7 million
19
8
85
too recent for a share
FY2024
120
$42.7 million
12
2
106
too recent for a share
FY2025
124
$55.6 million
7
1
116
too recent for a share
FY2026
67
$22.2 million
2
0
65
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
333
54
16.2%
Ohio
113
11
9.7%
Texas
111
19
17.1%
New York
103
13
12.6%
Florida
98
25
25.5%
Michigan
89
17
19.1%
Minnesota
71
2
2.8%
Washington
71
11
15.5%
Utah
70
2
2.9%
Pennsylvania
68
14
20.6%
Missouri
68
10
14.7%
Massachusetts
67
11
16.4%
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.