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

How have SBA loans in Plumbing, Heating, and Air-Conditioning Contractors turned out?

Of 12,447 loans approved in fiscal 2000 to 2021 (at least five years old), 1,665 (13.4%) were charged off by the lender, against 15.6% across all 7(a) loans approved in those same years. Plumbing, Heating, and Air-Conditioning Contractors appears on 16,940 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $4.7 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.
Plumbing, Heating, and Air-Conditioning ContractorsIndustry NAICS 238220 · 16,940 loans
13%of seasoned loans charged off
  1. Plumbing, Heating, and Air-Conditioning Contractors appears on 16,940 SBA-guaranteed 7(a) loans approved from fiscal 2000 to 2026, $4.7 billion in gross approvals.
  2. Of 12,447 loans approved in fiscal 2000 to 2021 (at least five years old), 1,665 (13.4%) 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%35%Fiscal 2003: 46 of 251 loans charged off (18.3%)Fiscal 2004: 81 of 553 loans charged off (14.6%)Fiscal 2005: 212 of 857 loans charged off (24.7%)Fiscal 2006: 277 of 911 loans charged off (30.4%)Fiscal 2007: 332 of 940 loans charged off (35.3%)Fiscal 2008: 174 of 680 loans charged off (25.6%)Fiscal 2009: 71 of 497 loans charged off (14.3%)Fiscal 2010: 46 of 448 loans charged off (10.3%)Fiscal 2011: 37 of 543 loans charged off (6.8%)Fiscal 2012: 35 of 583 loans charged off (6.0%)Fiscal 2013: 30 of 505 loans charged off (5.9%)Fiscal 2014: 37 of 593 loans charged off (6.2%)Fiscal 2015: 38 of 730 loans charged off (5.2%)Fiscal 2016: 37 of 777 loans charged off (4.8%)Fiscal 2017: 61 of 834 loans charged off (7.3%)Fiscal 2018: 58 of 822 loans charged off (7.1%)Fiscal 2019: 45 of 688 loans charged off (6.5%)Fiscal 2020: 24 of 617 loans charged off (3.9%)Fiscal 2021: 24 of 617 loans charged off (3.9%)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
FY20001$322,200100few loans
FY2003251$26.5 million20546018.3%
FY2004553$70.1 million47081214.6%
FY2005857$94.1 million637212824.7%
FY2006911$106.7 million630277430.4%
FY2007940$109.1 million606332235.3%
FY2008680$110.2 million497174925.6%
FY2009497$79.4 million42171514.3%
FY2010448$77.0 million39546710.3%
FY2011543$108.1 million4993776.8%
FY2012583$108.9 million5433556.0%
FY2013505$95.2 million45430215.9%
FY2014593$112.4 million53137256.2%
FY2015730$153.5 million66638265.2%
FY2016777$180.0 million69037504.8%
FY2017834$209.8 million670611037.3%
FY2018822$215.6 million618581467.1%
FY2019688$225.3 million462451816.5%
FY2020617$257.0 million398241953.9%
FY2021617$358.1 million293243003.9%
FY2022646$319.8 million21618412too recent for a share
FY2023888$358.4 million17837673too recent for a share
FY20241,151$466.9 million130191,002too recent for a share
FY20251,127$553.0 million5711,069too recent for a share
FY2026681$334.6 million10680too recent for a share

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

StateLoans (FY2000 to 2021)Charged offShare
California1,31122517.2%
Texas8159411.5%
New York80710713.3%
Ohio710689.6%
Florida63911918.6%
Massachusetts4975911.9%
Pennsylvania486387.8%
Illinois3975714.4%
Minnesota380338.7%
Utah3785414.3%
Wisconsin3763810.1%
Arizona3656116.7%

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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