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SBA 7(a) franchise lending
South Carolina
SC
- Total loans
- 2,021
- Loan volume
- $1.6B
- Default rate
- 14.8%
- Jobs created
- 27,871
Defaults
193
Avg interest
7.20%
Job velocity
1.8
per $100K loaned
Franchises active
870
Highest default rates in South Carolina
| Franchise | Loans | State % | National % |
|---|---|---|---|
| Matco Tools (rent Tools) | 5 | 80.0% | 34.8% |
| Precision Tune | 5 | 60.0% | 22.8% |
| Choice Hotels International In | 6 | 50.0% | 12.8% |
| Beef O'brady's | 8 | 50.0% | 55.0% |
| Merle Norman Cosmetics | 5 | 40.0% | 20.0% |
| Ramada Inn | 5 | 40.0% | 14.1% |
| Cold Stone Creamery, Inc. | 10 | 40.0% | 33.9% |
| Quiznos | 14 | 35.7% | 28.1% |
| MAACO Auto Painting Center | 7 | 28.6% | 20.9% |
| Meineke Car Care | 14 | 28.6% | 28.3% |
Lowest default rates in South Carolina
| Franchise | Loans | Default % |
|---|---|---|
| Hampton Inns | 5 | 0.0% |
| Domino's Pizza | 11 | 0.0% |
| Mail Boxes Etc. Usa | 9 | 0.0% |
| Schlotzsky's Sandwich Shop | 7 | 0.0% |
| Comfort Inn | 10 | 0.0% |
| Ace Hardware | 6 | 0.0% |
| Blimpie | 8 | 0.0% |
| Holiday Inn | 5 | 0.0% |
| Travelodge | 6 | 0.0% |
| Moe's Sw Grill | 5 | 0.0% |
Industry performance (NAICS)
| Industry (NAICS) | Loans | Volume | Default % | Risk |
|---|---|---|---|---|
| Hotels & Motels721110 | 339 | $748.6M | 8.8% | |
| Limited-Service Restaurants722513 | 173 | $105.4M | 10.5% | |
| Limited-Service Restaurants722211 | 115 | $38.1M | 13.9% | |
| Fitness & Recreational Sports713940 | 95 | $40.7M | 14.3% | |
| Full-Service Restaurants722511 | 70 | $48.4M | 6.1% | |
| Snack & Beverage Bars722515 | 56 | $26.7M | 10.5% | |
| Full-Service Restaurants722110 | 55 | $27.1M | 20.4% | |
| Child Day Care Services624410 | 37 | $69.5M | 0.0% | |
| Other Personal Care Services812199 | 36 | $21.3M | 11.8% | |
| General Automotive Repair811111 | 26 | $6.6M | 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 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.