Main Street Launch: 284 loans in the SBA file

SBA lists Main Street Launch as present or last holder of 284 loans approved from FY2017 to FY2026. The gross dollars total $56.1 million. The 7(a) program holds every one of the 284, and 504 holds 0. The page lists holdings as SBA reports them and gives no account of the loans' earlier history. It also takes no view of the bank's credit standards, which no figure here describes.

Restaurants, fitness and coffee

171 loans carry no class of ours. Full-service restaurant has 42 of the classed loans, limited-service restaurant 18, fitness center 15, coffee shop and snack bar 9, beauty salon 7 and child care center 6. Small service and food trades make up the classed record. A coffee study looks at foot traffic, lease cost and the daily volume that carries the payment; a beauty salon study looks at chair count, client retention and the build-out.

Only the printed counts

This page carries no state breakdown for this holder, so none is given and none should be assumed. A borrower should look for a local fit in the project's own market instead.

A high charge-off floor on a cohort of 179

For the cohort of 179 loans, the charge-off floor so far is 33.0%, and the five-year figure is 13.4%. Those are high figures for this holder's cohort, and they apply to that cohort only. Of FY2017 to FY2024 approvals, 5.1% ended in cancellation (a floor), and the ceiling matches it. Two different events are measured here: loans that never disbursed and loans that did. A low cancellation share beside a high charge-off share shows that the loans which disbursed account for the problem. Loans keep seasoning, so the floors can rise.

What a borrower should do with it

This record is not a judgement of the lender, whose practices this page does not describe. The practical message for a borrower is that outcomes in a past cohort do not settle the outcome of a new project, which depends on demand, cost, payment coverage and the appraisal. A feasibility study tests all four.

SBA loans held by Main Street Launch

SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).

7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.

Loans approved, FY2017 to FY2026	284
Gross dollars approved	$56.1 million
SBA 7(a) loans	284
SBA 504 loans	0

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	5.1%
The same, counting loans still undisbursed as cancelled (a ceiling)	5.1%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	33.0%
Charged off within five years of approval	13.4%
Loans in that cohort	179

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	171
Full-service restaurant	42
Limited-service restaurant	18
Fitness center	15
Coffee shop and snack bar	9
Beauty salon	7
Child care center	6

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

The state breakdown is withheld, so that no group of fewer than 5 loans can be derived.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-name-main-street-launch.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Main Street Launch or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Main Street Launch: SBA Lending Record