How have SBA loans in Other Building Equipment Contractors turned out?
Of 1,499 loans approved in fiscal 2003 to 2021 (at least five years old), 256 (17.1%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Other Building Equipment Contractors appears on 1,940 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $564.2 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.
Other Building Equipment ContractorsIndustry NAICS 238290 · 1,940 loans
17%of seasoned loans charged off
Other Building Equipment Contractors appears on 1,940 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $564.2 million in gross approvals.
Of 1,499 loans approved in fiscal 2003 to 2021 (at least five years old), 256 (17.1%) 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
41
$2.2 million
34
7
0
17.1%
FY2004
107
$13.0 million
86
21
0
19.6%
FY2005
99
$8.6 million
69
30
0
30.3%
FY2006
145
$16.2 million
105
40
0
27.6%
FY2007
153
$12.0 million
92
61
0
39.9%
FY2008
100
$18.6 million
73
27
0
27.0%
FY2009
65
$10.1 million
58
7
0
10.8%
FY2010
64
$11.0 million
60
4
0
6.3%
FY2011
55
$13.5 million
48
6
1
10.9%
FY2012
58
$15.2 million
54
4
0
6.9%
FY2013
43
$10.1 million
38
5
0
11.6%
FY2014
69
$19.6 million
61
4
4
5.8%
FY2015
86
$23.4 million
74
6
6
7.0%
FY2016
72
$21.0 million
60
9
3
12.5%
FY2017
71
$23.0 million
60
4
7
5.6%
FY2018
73
$16.9 million
61
5
7
6.8%
FY2019
71
$23.1 million
54
5
12
7.0%
FY2020
57
$27.7 million
35
6
16
10.5%
FY2021
70
$51.8 million
39
5
26
7.1%
FY2022
79
$45.1 million
22
5
52
too recent for a share
FY2023
93
$43.2 million
26
3
64
too recent for a share
FY2024
115
$48.9 million
14
0
101
too recent for a share
FY2025
97
$63.1 million
3
0
94
too recent for a share
FY2026
57
$27.0 million
0
0
57
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
156
32
20.5%
Texas
97
15
15.5%
New York
93
16
17.2%
Ohio
80
10
12.5%
Florida
66
18
27.3%
Pennsylvania
62
7
11.3%
Illinois
61
18
29.5%
Utah
60
12
20.0%
Michigan
57
16
28.1%
Arizona
56
15
26.8%
Wisconsin
51
5
9.8%
Massachusetts
49
6
12.2%
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.