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SBA 7(a) franchise lending
North Carolina
NC
- Total loans
- 4,071
- Loan volume
- $2.9B
- Default rate
- 14.1%
- Jobs created
- 60,445
Defaults
363
Avg interest
7.30%
Job velocity
2.1
per $100K loaned
Franchises active
1,367
Highest default rates in North Carolina
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Golf Etc. | 6 | 83.3% | 54.5% |
| Planet Beach | 12 | 75.0% | 55.7% |
| Wingstop Restaurant | 6 | 66.7% | 12.0% |
| Steak Escape | 5 | 60.0% | 36.8% |
| Carvel Ice Cream | 7 | 57.1% | 42.7% |
| Cold Stone Creamery, Inc. | 13 | 53.8% | 33.9% |
| Minuteman Press | 6 | 50.0% | 24.0% |
| Rita's Real Italian Water Ice | 7 | 42.9% | 14.0% |
| Golden Corral (restaurant) | 5 | 40.0% | 16.8% |
| Hollywood Tans | 5 | 40.0% | 24.1% |
Lowest default rates in North Carolina
| Franchise | Loans | Default % |
|---|---|---|
| Supercuts | 9 | 0.0% |
| Comfort Inn | 7 | 0.0% |
| Great Clips | 8 | 0.0% |
| Huddle House | 6 | 0.0% |
| Domino's Pizza | 19 | 0.0% |
| Holiday Inn Express | 5 | 0.0% |
| Primrose School (daycare) | 10 | 0.0% |
| Grease Monkey | 7 | 0.0% |
| Quality Inn | 10 | 0.0% |
| Hampton Inns | 7 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 502 | $1.2B | 6.6% | |
| Limited-Service Restaurants722513 | 371 | $221.2M | 9.7% | |
| Limited-Service Restaurants722211 | 232 | $64.2M | 19.4% | |
| Fitness & Recreational Sports713940 | 207 | $94.2M | 15.0% | |
| Child Day Care Services624410 | 132 | $232.4M | 4.5% | |
| Full-Service Restaurants722511 | 132 | $93.2M | 11.6% | |
| Full-Service Restaurants722110 | 126 | $45.0M | 20.2% | |
| Snack & Beverage Bars722515 | 101 | $40.3M | 9.1% | |
| Other Personal Care Services812199 | 83 | $39.6M | 19.6% | |
| Beauty Salons812112 | 80 | $25.0M | 13.0% |
Franchise lending volume by year
27'92
22
28
15
26
57'97
53
79
60
74
101'02
102
88
127
79
72'07
108
48
46
57
58'12
58
136
158
164
218'17
222
231
195
257
232'22
280
237
298
58'26
North Carolina default rate by loan vintage
BrandNational avg
Shaded area: recent vintages with few resolved loans; rates may change as loans mature.
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. Job velocity = jobs created per $100K loaned.