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

How have SBA loans in Painting and Wall Covering Contractors turned out?

Of 4,088 loans approved in fiscal 2002 to 2021 (at least five years old), 846 (20.7%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Painting and Wall Covering Contractors appears on 5,585 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $745.5 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.
Painting and Wall Covering ContractorsIndustry NAICS 238320 · 5,585 loans
21%of seasoned loans charged off
  1. Painting and Wall Covering Contractors appears on 5,585 SBA-guaranteed 7(a) loans approved from fiscal 2002 to 2026, $745.5 million in gross approvals.
  2. Of 4,088 loans approved in fiscal 2002 to 2021 (at least five years old), 846 (20.7%) 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%44%Fiscal 2003: 11 of 70 loans charged off (15.7%)Fiscal 2004: 46 of 205 loans charged off (22.4%)Fiscal 2005: 95 of 338 loans charged off (28.1%)Fiscal 2006: 144 of 387 loans charged off (37.2%)Fiscal 2007: 202 of 461 loans charged off (43.8%)Fiscal 2008: 106 of 293 loans charged off (36.2%)Fiscal 2009: 21 of 133 loans charged off (15.8%)Fiscal 2010: 5 of 107 loans charged off (4.7%)Fiscal 2011: 22 of 126 loans charged off (17.5%)Fiscal 2012: 4 of 121 loans charged off (3.3%)Fiscal 2013: 5 of 112 loans charged off (4.5%)Fiscal 2014: 12 of 180 loans charged off (6.7%)Fiscal 2015: 20 of 238 loans charged off (8.4%)Fiscal 2016: 18 of 212 loans charged off (8.5%)Fiscal 2017: 34 of 242 loans charged off (14.0%)Fiscal 2018: 32 of 290 loans charged off (11.0%)Fiscal 2019: 35 of 225 loans charged off (15.6%)Fiscal 2020: 18 of 192 loans charged off (9.4%)Fiscal 2021: 15 of 154 loans charged off (9.7%)2003200520072009201120132015201720192021
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
FY20022$148,500110few loans
FY200370$6.6 million5911015.7%
FY2004205$12.2 million15946022.4%
FY2005338$21.8 million24295128.1%
FY2006387$18.7 million243144037.2%
FY2007461$29.7 million259202043.8%
FY2008293$22.0 million186106136.2%
FY2009133$11.3 million11121115.8%
FY2010107$10.3 million99534.7%
FY2011126$13.3 million10322117.5%
FY2012121$13.7 million117403.3%
FY2013112$13.4 million106514.5%
FY2014180$26.0 million1631256.7%
FY2015238$18.8 million2132058.4%
FY2016212$22.5 million1851898.5%
FY2017242$30.8 million190341814.0%
FY2018290$34.6 million209324911.0%
FY2019225$26.1 million138355215.6%
FY2020192$41.2 million11518599.4%
FY2021154$60.8 million7115689.7%
FY2022202$46.5 million6411127too recent for a share
FY2023309$57.0 million6018231too recent for a share
FY2024390$66.7 million468336too recent for a share
FY2025382$80.2 million284350too recent for a share
FY2026214$61.2 million01213too recent for a share

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

StateLoans (FY2002 to 2021)Charged offShare
California43612929.6%
Ohio2743512.8%
Florida2439237.9%
Massachusetts2213214.5%
New York2034723.2%
Texas1994120.6%
Colorado1813821.0%
Washington1702715.9%
Michigan1372619.0%
Pennsylvania1322115.9%
Minnesota1212117.4%
Illinois1172521.4%

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.

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