SC
SBA 7(a) franchise lending
South Carolina
SC
- Total loans
- 2,021
- Loan volume
- $1.6B
- Charge-off rate
- 14.8%
- Jobs created
- 27,871
Defaults
193
Avg interest
7.20%
Job velocity
1.8
per $100K loaned
Franchises active
870
Highest charge-off rates in South Carolina
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Matco Tools (rent Tools) | 5 | charge-off rate: 80.0% | 34.8% |
| Precision Tune | 5 | charge-off rate: 60.0% | 22.8% |
| Choice Hotels International In | 6 | charge-off rate: 50.0% | 12.8% |
| Beef O'brady's | 8 | charge-off rate: 50.0% | 55.0% |
| Merle Norman Cosmetics | 5 | charge-off rate: 40.0% | 20.0% |
| Ramada Inn | 5 | charge-off rate: 40.0% | 14.1% |
| Cold Stone Creamery, Inc. | 10 | charge-off rate: 40.0% | 33.9% |
| Quiznos | 14 | charge-off rate: 35.7% | 28.1% |
| MAACO Auto Painting Center | 7 | charge-off rate: 28.6% | 20.9% |
| Meineke Car Care | 14 | charge-off rate: 28.6% | 28.3% |
Lowest charge-off rates in South Carolina
| Franchise | Loans | Default % |
|---|---|---|
| Hampton Inns | 5 | charge-off rate: 0.0% |
| Domino's Pizza | 11 | charge-off rate: 0.0% |
| Mail Boxes Etc. Usa | 9 | charge-off rate: 0.0% |
| Schlotzsky's Sandwich Shop | 7 | charge-off rate: 0.0% |
| Comfort Inn | 10 | charge-off rate: 0.0% |
| Ace Hardware | 6 | charge-off rate: 0.0% |
| Blimpie | 8 | charge-off rate: 0.0% |
| Holiday Inn | 5 | charge-off rate: 0.0% |
| Travelodge | 6 | charge-off rate: 0.0% |
| Moe's Sw Grill | 5 | charge-off rate: 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 339 | $748.6M | charge-off rate: 8.8% | |
| Limited-Service Restaurants722513 | 173 | $105.4M | charge-off rate: 10.5% | |
| Limited-Service Restaurants722211 | 115 | $38.1M | charge-off rate: 13.9% | |
| Fitness & Recreational Sports713940 | 95 | $40.7M | charge-off rate: 14.3% | |
| Full-Service Restaurants722511 | 70 | $48.4M | charge-off rate: 6.1% | |
| Snack & Beverage Bars722515 | 56 | $26.7M | charge-off rate: 10.5% | |
| Full-Service Restaurants722110 | 55 | $27.1M | charge-off rate: 20.4% | |
| Child Day Care Services624410 | 37 | $69.5M | charge-off rate: 0.0% | |
| Other Personal Care Services812199 | 36 | $21.3M | charge-off rate: 11.8% | |
| General Automotive Repair811111 | 26 | $6.6M | charge-off rate: 35.0% |
Franchise lending volume by year
11'92
16
19
35
33
27'97
24
22
29
29
49'02
53
54
50
35
40'07
37
20
15
26
30'12
37
69
93
97
92'17
122
102
90
149
110'22
116
121
152
17'26
South 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 South Carolina received?
- 2,021 loans totaling $1569.7M, with 193 charged off. The statewide charge-off rate is 14.8%.
- 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 South Carolina?
- The “Highest charge-off rates” and “Lowest charge-off rates” tables above rank the franchise brands operating in South 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.