NC
SBA 7(a) franchise lending
North Carolina
NC
- Total loans
- 4,071
- Loan volume
- $2.9B
- Charge-off 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 charge-off rates in North Carolina
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Golf Etc. | 6 | charge-off rate: 83.3% | 54.5% |
| Planet Beach | 12 | charge-off rate: 75.0% | 55.7% |
| Wingstop Restaurant | 6 | charge-off rate: 66.7% | 12.0% |
| Steak Escape | 5 | charge-off rate: 60.0% | 36.8% |
| Carvel Ice Cream | 7 | charge-off rate: 57.1% | 42.7% |
| Cold Stone Creamery, Inc. | 13 | charge-off rate: 53.8% | 33.9% |
| Minuteman Press | 6 | charge-off rate: 50.0% | 24.0% |
| Rita's Real Italian Water Ice | 7 | charge-off rate: 42.9% | 14.0% |
| Golden Corral (restaurant) | 5 | charge-off rate: 40.0% | 16.8% |
| Hollywood Tans | 5 | charge-off rate: 40.0% | 24.1% |
Lowest charge-off rates in North Carolina
| Franchise | Loans | Default % |
|---|---|---|
| Supercuts | 9 | charge-off rate: 0.0% |
| Comfort Inn | 7 | charge-off rate: 0.0% |
| Great Clips | 8 | charge-off rate: 0.0% |
| Huddle House | 6 | charge-off rate: 0.0% |
| Domino's Pizza | 19 | charge-off rate: 0.0% |
| Holiday Inn Express | 5 | charge-off rate: 0.0% |
| Primrose School (daycare) | 10 | charge-off rate: 0.0% |
| Grease Monkey | 7 | charge-off rate: 0.0% |
| Quality Inn | 10 | charge-off rate: 0.0% |
| Hampton Inns | 7 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 502 | $1.2B | charge-off rate: 6.6% | |
| Limited-Service Restaurants722513 | 371 | $221.2M | charge-off rate: 9.7% | |
| Limited-Service Restaurants722211 | 232 | $64.2M | charge-off rate: 19.4% | |
| Fitness & Recreational Sports713940 | 207 | $94.2M | charge-off rate: 15.0% | |
| Child Day Care Services624410 | 132 | $232.4M | charge-off rate: 4.5% | |
| Full-Service Restaurants722511 | 132 | $93.2M | charge-off rate: 11.6% | |
| Full-Service Restaurants722110 | 126 | $45.0M | charge-off rate: 20.2% | |
| Snack & Beverage Bars722515 | 101 | $40.3M | charge-off rate: 9.1% | |
| Other Personal Care Services812199 | 83 | $39.6M | charge-off rate: 19.6% | |
| Beauty Salons812112 | 80 | $25.0M | charge-off rate: 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 charge-off 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
Charge-off rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Job velocity = jobs created per $100K loaned.
Frequently asked questions
- How many SBA 7(a) franchise loans has North Carolina received?
- 4,071 loans totaling $2911.6M, with 363 charged off. The statewide charge-off rate is 14.1%.
- What is a charge-off rate and how should I interpret it?
- Charge-off rate = charge-offs / (charge-offs + paid-in-full). For SBA 7(a) franchise lending, the national average runs 5–8%. Rates materially above that suggest higher-risk franchise selection or weaker borrower vetting in this state.
- Which franchise brands perform best and worst in North Carolina?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in North Carolina by their statewide loan performance. Click any brand for full FDD-disclosed financials and nationwide SBA history.
- 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.