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

How have SBA loans in Residential Remodelers turned out?

Of 12,343 loans approved in fiscal 2003 to 2021 (at least five years old), 2,559 (20.7%) were charged off by the lender, against 15.7% across all 7(a) loans approved in those same years. Residential Remodelers appears on 17,925 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $2.2 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.
Residential RemodelersIndustry NAICS 236118 · 17,925 loans
21%of seasoned loans charged off
  1. Residential Remodelers appears on 17,925 SBA-guaranteed 7(a) loans approved from fiscal 2003 to 2026, $2.2 billion in gross approvals.
  2. Of 12,343 loans approved in fiscal 2003 to 2021 (at least five years old), 2,559 (20.7%) were charged off by the lender, against 15.7% 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%45%Fiscal 2003: 39 of 168 loans charged off (23.2%)Fiscal 2004: 106 of 434 loans charged off (24.4%)Fiscal 2005: 294 of 902 loans charged off (32.6%)Fiscal 2006: 480 of 1,169 loans charged off (41.1%)Fiscal 2007: 494 of 1,103 loans charged off (44.8%)Fiscal 2008: 207 of 618 loans charged off (33.5%)Fiscal 2009: 56 of 265 loans charged off (21.1%)Fiscal 2010: 34 of 317 loans charged off (10.7%)Fiscal 2011: 33 of 284 loans charged off (11.6%)Fiscal 2012: 32 of 334 loans charged off (9.6%)Fiscal 2013: 37 of 393 loans charged off (9.4%)Fiscal 2014: 50 of 540 loans charged off (9.3%)Fiscal 2015: 66 of 829 loans charged off (8.0%)Fiscal 2016: 114 of 910 loans charged off (12.5%)Fiscal 2017: 121 of 974 loans charged off (12.4%)Fiscal 2018: 163 of 1,030 loans charged off (15.8%)Fiscal 2019: 114 of 815 loans charged off (14.0%)Fiscal 2020: 72 of 635 loans charged off (11.3%)Fiscal 2021: 47 of 623 loans charged off (7.5%)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
FY2003168$9.8 million12939023.2%
FY2004434$23.3 million328106024.4%
FY2005902$43.3 million608294032.6%
FY20061,169$58.8 million688480141.1%
FY20071,103$52.0 million609494044.8%
FY2008618$38.2 million410207133.5%
FY2009265$19.5 million20856121.1%
FY2010317$20.8 million28234110.7%
FY2011284$26.2 million25033111.6%
FY2012334$28.9 million2983249.6%
FY2013393$33.0 million3503769.4%
FY2014540$50.3 million4825089.3%
FY2015829$66.3 million74466198.0%
FY2016910$74.6 million7701142612.5%
FY2017974$98.9 million7661218712.4%
FY20181,030$95.0 million71516315215.8%
FY2019815$105.1 million51911418214.0%
FY2020635$85.3 million3987216511.3%
FY2021623$157.6 million338472387.5%
FY2022809$140.9 million21652541too recent for a share
FY20231,167$183.0 million22181865too recent for a share
FY20241,446$257.4 million164311,251too recent for a share
FY20251,420$316.5 million73121,335too recent for a share
FY2026740$175.1 million100730too recent for a share

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

StateLoans (FY2003 to 2021)Charged offShare
California1,27831724.8%
New York1,11022620.4%
Ohio1,00213713.7%
Texas62215024.1%
Massachusetts58911419.4%
Florida54517331.7%
Illinois48315932.9%
Pennsylvania4807315.2%
Washington4368820.2%
New Jersey4118019.5%
Minnesota3906717.2%
Michigan3745715.2%

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.

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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