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

How have SBA loans in Offices of Physicians (except Mental Health Specialists) turned out?

Of 14,572 loans approved in fiscal 2000 to 2021 (at least five years old), 963 (6.6%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Offices of Physicians (except Mental Health Specialists) appears on 17,148 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $6.8 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.
Offices of Physicians (except Mental Health Specialists)Industry NAICS 621111 · 17,148 loans
7%of seasoned loans charged off
  1. Offices of Physicians (except Mental Health Specialists) appears on 17,148 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $6.8 billion in gross approvals.
  2. Of 14,572 loans approved in fiscal 2000 to 2021 (at least five years old), 963 (6.6%) 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%16%Fiscal 2000: 11 of 138 loans charged off (8.0%)Fiscal 2001: 23 of 448 loans charged off (5.1%)Fiscal 2002: 34 of 636 loans charged off (5.3%)Fiscal 2003: 37 of 772 loans charged off (4.8%)Fiscal 2004: 58 of 825 loans charged off (7.0%)Fiscal 2005: 107 of 919 loans charged off (11.6%)Fiscal 2006: 127 of 802 loans charged off (15.8%)Fiscal 2007: 111 of 753 loans charged off (14.7%)Fiscal 2008: 81 of 669 loans charged off (12.1%)Fiscal 2009: 43 of 668 loans charged off (6.4%)Fiscal 2010: 48 of 862 loans charged off (5.6%)Fiscal 2011: 33 of 933 loans charged off (3.5%)Fiscal 2012: 28 of 711 loans charged off (3.9%)Fiscal 2013: 29 of 641 loans charged off (4.5%)Fiscal 2014: 27 of 652 loans charged off (4.1%)Fiscal 2015: 36 of 848 loans charged off (4.2%)Fiscal 2016: 36 of 734 loans charged off (4.9%)Fiscal 2017: 31 of 627 loans charged off (4.9%)Fiscal 2018: 18 of 540 loans charged off (3.3%)Fiscal 2019: 17 of 420 loans charged off (4.0%)Fiscal 2020: 15 of 418 loans charged off (3.6%)Fiscal 2021: 13 of 556 loans charged off (2.3%)20002002200420062008201020122014201620182020
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
FY2000138$34.4 million1271108.0%
FY2001448$97.3 million4242315.1%
FY2002636$158.5 million5993435.3%
FY2003772$135.3 million7333724.8%
FY2004825$178.3 million7605877.0%
FY2005919$202.5 million8001071211.6%
FY2006802$194.5 million6581271715.8%
FY2007753$180.0 million6281111414.7%
FY2008669$174.7 million571811712.1%
FY2009668$186.8 million60543206.4%
FY2010862$243.1 million79248225.6%
FY2011933$345.6 million86333373.5%
FY2012711$265.2 million64628373.9%
FY2013641$282.9 million57129414.5%
FY2014652$295.6 million57527504.1%
FY2015848$365.9 million73636764.2%
FY2016734$347.7 million60036984.9%
FY2017627$306.5 million467311294.9%
FY2018540$276.5 million408181143.3%
FY2019420$249.1 million253171504.0%
FY2020418$243.2 million240151633.6%
FY2021556$425.9 million232133112.3%
FY2022425$314.5 million1214300too recent for a share
FY2023487$274.1 million978382too recent for a share
FY2024650$376.2 million796565too recent for a share
FY2025643$360.4 million390604too recent for a share
FY2026371$260.9 million20369too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California2,2271386.2%
Texas1,6371106.7%
New York1,194736.1%
Florida1,132887.8%
Arizona737577.7%
Georgia486398.0%
Illinois438296.6%
New Jersey407194.7%
Puerto Rico40382.0%
Pennsylvania396215.3%
Michigan395297.3%
Ohio365236.3%

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.

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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