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

How have SBA loans in New Multifamily Housing Construction (except Operative Builders) turned out?

Of 980 loans approved in fiscal 2003 to 2021 (at least five years old), 342 (34.9%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. New Multifamily Housing Construction (except Operative Builders) appears on 1,095 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $147.0 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.

New Multifamily Housing Construction (except Operative Builders)Industry NAICS 236116 · 1,095 loans

35%of seasoned loans charged off

New Multifamily Housing Construction (except Operative Builders) appears on 1,095 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $147.0 million in gross approvals.
Of 980 loans approved in fiscal 2003 to 2021 (at least five years old), 342 (34.9%) 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	9	$335,000	9	0	0	few loans
FY2004	24	$1.7 million	20	4	0	16.7%
FY2005	62	$6.2 million	37	25	0	40.3%
FY2006	166	$6.7 million	90	76	0	45.8%
FY2007	255	$12.1 million	129	126	0	49.4%
FY2008	177	$8.4 million	106	71	0	40.1%
FY2009	27	$1.7 million	18	9	0	33.3%
FY2010	14	$2.0 million	11	3	0	21.4%
FY2011	13	$1.5 million	13	0	0	0.0%
FY2012	22	$5.3 million	20	2	0	9.1%
FY2013	20	$2.5 million	15	5	0	25.0%
FY2014	33	$3.8 million	28	4	1	12.1%
FY2015	32	$2.5 million	29	2	1	6.3%
FY2016	22	$1.3 million	19	2	1	9.1%
FY2017	23	$8.2 million	14	4	5	17.4%
FY2018	21	$2.3 million	15	0	6	0.0%
FY2019	28	$6.1 million	12	8	8	28.6%
FY2020	15	$3.7 million	10	1	4	6.7%
FY2021	17	$21.2 million	10	0	7	0.0%
FY2022	18	$12.1 million	6	2	10	too recent for a share
FY2023	18	$6.5 million	3	3	12	too recent for a share
FY2024	36	$15.9 million	5	3	28	too recent for a share
FY2025	29	$6.0 million	1	0	28	too recent for a share
FY2026	14	$9.2 million	0	0	14	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	142	63	44.4%
New York	141	42	29.8%
Texas	99	32	32.3%
Illinois	59	22	37.3%
Arizona	36	12	33.3%
Washington	34	11	32.4%

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.

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.