SBA 7(a)/504 FOIA · FY1991–PRESENT · NORTH CAROLINA
360 Painting franchise in North Carolina: what the public record shows
Franchisees of 360 Painting in North Carolina have taken 7 SBA loans since 1991 (average $245,600)— too few resolved loans in-state to publish a local failure rate (we require a resolved cohort, never extrapolate), so the brand's national rate of 33.3% is the better guide. Its latest FDD Item 20 state table reports 12 franchised outlets in North Carolina (fiscal 2019) — about 0.11 per 100k residents.
Loans in NC
7
Resolved
5
Local charge-off
thin
National charge-off
33.3%
Source: SBA 7(a)/504 FOIA files (data.sba.gov), borrower state = NC. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); open loans excluded. A local rate is published only when the resolved cohort clears our floor of 30 loans.
| Fiscal year | Franchised | Company-owned |
|---|---|---|
| 2017 | 5 | 0 |
| 2018 | 9 | 0 |
| 2019 | 12 | 0 |
| System | Loans in NC | Local charge-off | Units in NC |
|---|---|---|---|
| Subway | 126 | 1.0% | 597 |
| JERSEY MIKE'S | 37 | 12.5% | 222 |
| DAIRY QUEEN | 31 | 4.0% | — |
| Firehouse Subs | 30 | 4.3% | 64 |
| HOTWORX | 27 | thin | 29 |
| Golden Corral (Restaurant) | 26 | 18.8% | — |
| Matco Tools | 22 | 28.6% | — |
| MASSAGE ENVY | 19 | 18.8% | 42 |
| RODEWAY INN | 19 | 0.0% | 17 |
| Sport Clips | 16 | 0.0% | 59 |
| Fastsigns | 15 | thin | — |
| EDIBLE ARRANGEMENTS | 14 | thin | 16 |
Same sector, same state, same public records — how 360 Painting compares to the systems a buyer in North Carolina would actually be choosing between. Local rates under 10 resolved loans are marked thin, not hidden.
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing 360 Painting's numbers, including talking you out of a bad deal.
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