![South Central Bank, Inc. logo](https://cdn.brandfetch.io/southcentralbank.com/w/128/h/128/fallback/lettermark?c=<img src="https://cdn.brandfetch.io/domain/apple.com?c=1idsvcTjLv919Ax0E2s" alt="Logo by Brandfetch" />){kind=small}
SBA 7(a) franchise lending portfolio
South Central Bank, Inc.
CRITICAL risk
- Total loans
- 17
- Loan volume
- $5.3M
- Avg loan size
- $310K
- Default rate
- 33.3%
- vs 15.4% national avg
Defaults
4
Avg interest
6.07%
Franchises funded
15
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Subway Sandwich Shop | 2 | $160K | 50.0% |
| Great Harvest Bread Co. | 2 | $250K | 50.0% |
| Marble Slab Creamery | 1 | $765K | 100.0% |
| Merle Norman Cosmetics | 1 | $82K | 0.0% |
| Quiznos | 1 | $212K | 100.0% |
| Tumbleweed Mexican Food | 1 | $40K | 0.0% |
| Fedex | 1 | $41K | 0.0% |
| Snap Fitness | 1 | $135K | 0.0% |
| Stanley's Steamer Carpet Clean | 1 | $414K | 0.0% |
| Subway | 1 | $85K | 0.0% |
| Fuel Fortress | 1 | $644K | — |
| Auntie Anne's | 1 | $500K | — |
| Pigtails & Crewcuts | 1 | $200K | — |
| Servpro | 1 | $1.0M | — |
| Stanley Steemer | 1 | $740K | — |
Lending volume by year
2'03
1'05
2'07
1'08
1'09
2'10
2'13
1'15
2'21
2'23
1'25
Source: SBA 7(a) FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).