SB
SBA 7(a) franchise lending portfolio
SouthState Bank, National Association
Risk rating: Average
- Total loans
- 942
- Loan volume
- $608.0M
- Avg loan size
- $645K
- Charge-off rate
- 10.4%
- vs 16.0% national
Charged off
65
Avg interest
6.51%
Franchises funded
457
Risk rating
Average
Top franchise exposures
| Franchise | Loans | Volume | Charge-off % |
|---|---|---|---|
| Christian Brothers Automotive | 34 | $14.7M | 0.0% (excellent) |
| Allstate Insurance | 28 | $15.3M | 3.7% (excellent) |
| Subway Sandwich Shop | 22 | $4.6M | 9.1% (good) |
| The Joint...The Chiropractic P | 18 | $6.8M | 0.0% (excellent) |
| Tropical Smoothie Cafe | 15 | $8.0M | N/A |
| Firehouse Subs | 14 | $6.5M | N/A |
| Primrose Schools | 12 | $24.8M | N/A |
| Your Pie | 12 | $5.8M | N/A |
| Fastsigns | 11 | $2.6M | N/A |
| Quiznos | 11 | $1.6M | 27.3% (high risk) |
| Tint World | 11 | $4.2M | N/A |
| Comfort/ Comfort Inn & Suites/ | 10 | $27.5M | N/A |
| Dogtopia | 10 | $8.4M | N/A |
| Batteries Plus | 10 | $6.6M | N/A |
| Jersey Mike's | 9 | $5.0M | N/A |
| Nothing Bundt Cakes | 9 | $4.3M | N/A |
| Planet Beach | 8 | $1.1M | N/A |
| Sports Clips | 7 | $914K | N/A |
| Smoothie Factory | 7 | $1.0M | N/A |
Lending volume by year
Show the numbers by year
| Fiscal year | Loans |
|---|---|
| FY1992 | 1 |
| FY1993 | 2 |
| FY1994 | 4 |
| FY1995 | 5 |
| FY1996 | 8 |
| FY1997 | 4 |
| FY1998 | 4 |
| FY1999 | 10 |
| FY2000 | 12 |
| FY2001 | 6 |
| FY2002 | 19 |
| FY2003 | 43 |
| FY2004 | 32 |
| FY2005 | 31 |
| FY2006 | 13 |
| FY2007 | 13 |
| FY2008 | 16 |
| FY2009 | 10 |
| FY2010 | 12 |
| FY2011 | 24 |
| FY2012 | 15 |
| FY2013 | 26 |
| FY2014 | 37 |
| FY2015 | 58 |
| FY2016 | 52 |
| FY2017 | 26 |
| FY2018 | 64 |
| FY2019 | 84 |
| FY2020 | 56 |
| FY2021 | 95 |
| FY2022 | 61 |
| FY2023 | 29 |
| FY2024 | 37 |
| FY2025 | 30 |
| FY2026 | 3 |
SBA 7(a) · charge-off rate by approval year
SouthState Bank, National Association: below all franchise loans in 17 of 23 rated years
Hollow rings on the axis: years with fewer than 10 resolved loans, not rated (too few to judge; recent years are too early to judge while loans are still being repaid). Their numbers are in the table.
Show the numbers by year
| Year | Resolved | Charged off | Rate |
|---|---|---|---|
| 1994 | 4 | 1 | Too few |
| 1995 | 5 | 0 | Too few |
| 1996 | 8 | 1 | Too few |
| 1997 | 4 | 1 | Too few |
| 1998 | 4 | 1 | Too few |
| 1999 | 10 | 2 | 20.0% |
| 2000 | 12 | 3 | 25.0% |
| 2001 | 6 | 0 | Too few |
| 2002 | 19 | 3 | 15.8% |
| 2003 | 43 | 15 | 34.9% |
| 2004 | 32 | 10 | 31.2% |
| 2005 | 31 | 3 | 9.7% |
| 2006 | 13 | 3 | 23.1% |
| 2007 | 13 | 1 | 7.7% |
| 2008 | 16 | 4 | 25.0% |
| 2009 | 10 | 0 | 0.0% |
| 2010 | 12 | 0 | 0.0% |
| 2011 | 23 | 0 | 0.0% |
| 2012 | 15 | 3 | 20.0% |
| 2013 | 24 | 0 | 0.0% |
| 2014 | 36 | 3 | 8.3% |
| 2015 | 53 | 2 | 3.8% |
| 2016 | 43 | 2 | 4.7% |
| 2017 | 18 | 1 | 5.6% |
| 2018 | 43 | 3 | 7.0% |
| 2019 | 44 | 2 | 4.5% |
| 2020 | 25 | 1 | 4.0% |
| 2021 | 34 | 0 | 0.0% |
| 2022 | 13 | 0 | 0.0% |
| 2023 | 3 | 0 | Too early |
| 2024 | 3 | 0 | Too early |
Dashed line: all franchise 7(a) loans approved the same year.
Source and method
SBA 7(a) FOIA loan records. Rate: charged-off loans over resolved loans (paid in full plus charged off) for loans approved that year; it moves as loans are resolved.
Geographic exposure
26019.0% (elevated)
1807.7% (good)
1668.7% (good)
806.8% (good)
542.5% (excellent)
506.1% (good)
187.1% (good)
170.0% (excellent)
130.0% (excellent)
130.0% (excellent)
Portfolio summary
Total funded$608.0M
Charged off65 of 942
Risk tierAverage
Avg rate6.51%
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 SouthState Bank, National Association originated?
- 942 loans totaling $608.0M. The portfolio carries a 10.4% charge-off rate, earning a “Average” risk rating.
- What is the charge-off rate and why does it matter?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). Across SBA 7(a) franchise lending, the national charge-off rate is 16.0% over 94,550 resolved loans.Portfolios materially above that signal either riskier franchise selection or weaker underwriting. SouthState Bank, National Association's rate of 10.4% is below the national rate.
- 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 SouthState Bank, National Association fund the most?
- The “Top franchise exposures” table above lists the brands SouthState Bank, National Association has the largest concentration in. Click any brand to see its full FDD-disclosed financials, growth trajectory, and SBA loan performance across all lenders.