CS
SBA 7(a) franchise lending portfolio
Carolina Small Business Development Fund
EXCELLENT risk
- Total loans
- 21
- Loan volume
- $3.8M
- Avg loan size
- $180K
- Charge-off rate
- 0.0%
- vs 15.4% national avg
Defaults
0
Avg interest
8.42%
Franchises funded
19
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Smallcakes | 2 | $424K | 0.0% (low risk) |
| Hwy 55 Burgers Shakes & Fries | 2 | $425K | N/A |
| AAMCO Transmissions | 1 | $250K | N/A |
| The Grounds Guys | 1 | $60K | 0.0% (low risk) |
| Barberitos | 1 | $245K | 0.0% (low risk) |
| Anytime Fitness | 1 | $200K | N/A |
| Fit Body Boot Camp | 1 | $38K | 0.0% (low risk) |
| Liberty Tax Service | 1 | $50K | 0.0% (low risk) |
| Smallcakes Cupcakery | 1 | $181K | 0.0% (low risk) |
| Signal 88 Security | 1 | $80K | 0.0% (low risk) |
| Wine & design | 1 | $60K | 0.0% (low risk) |
| Hobbytown Usa | 1 | $178K | 0.0% (low risk) |
| Righttime Kids | 1 | $150K | N/A |
| No Grease! | 1 | $180K | N/A |
| Five Guys Burgers and Fries | 1 | $204K | 0.0% (low risk) |
| Supply Pointe | 1 | $165K | N/A |
| 101 Mobility | 1 | $290K | N/A |
| Abbott's Frozen Custard | 1 | $249K | N/A |
| Tempory Wall Systems | 1 | $350K | N/A |
Lending volume by year
2'14
5'15
3'16
1'17
4'18
2'19
3'24
1'25
Geographic exposure
210.0% (low risk)
Portfolio summary
Total funded$3.8M
Defaults0 of 21
Risk tierEXCELLENT
Avg rate8.42%
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), High Risk (>20%).
Frequently asked questions
- How many SBA 7(a) franchise loans has Carolina Small Business Development Fund originated?
- 21 loans totaling $3.8M. The portfolio carries a 0.0% charge-off rate, earning a “EXCELLENT” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Portfolios materially above that signal either riskier franchise selection or weaker underwriting.
- Where does this lending data come from?
- SBA 7(a) loan records released under the Freedom of Information Act. Each record carries approval date, amount, lender, business type, NAICS code, location, and outcome. See methodology.
- Which franchise brands does Carolina Small Business Development Fund fund the most?
- The “Top franchise exposures” table above lists the brands Carolina Small Business Development Fund has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.