NORTH CAROLINA · SBA 7(a)/504 FOIA · FY1991–PRESENT
Franchises in North Carolina: the loan record
Since 1991, banks have made 3,073 SBA-backed loans to franchisees of 209 different brands in North Carolina. Of the loans already resolved, 12.2% were charged off — 17% below the national franchise baseline of 14.8%. This page is not a directory of who paid to be listed; it is what actually happened to the people who bought franchises here, according to the federal loan record.
3,073
SBA loans since 1991
209
Brands financed
12.2%
Local charge-off rate
27.8
Loans per 100k residents
| Planet Beach | 8 of 11 defaulted | 72.7%THIN |
| Cold Stone Creamery | 7 of 17 defaulted | 41.2%THIN |
| Schlotzsky'S | 5 of 14 defaulted | 35.7%THIN |
| Smoothie King | 5 of 17 defaulted | 29.4%THIN |
| Matco Tools | 6 of 21 defaulted | 28.6%THIN |
| Mellow Mushroom | 4 of 16 defaulted | 25.0%THIN |
| Wingstop | 4 of 16 defaulted | 25.0%THIN |
| Mail Boxes Etc. Usa | 5 of 25 defaulted | 20.0%THIN |
| Choice Hotels International | 4 of 21 defaulted | 19.0%THIN |
| Golden Corral | 3 of 16 defaulted | 18.8%THIN |
| MASSAGE ENVY | 3 of 16 defaulted | 18.8%THIN |
| Ramada Inn | 2 of 11 defaulted | 18.2%THIN |
| Microtel | 6 of 33 defaulted | 18.2% |
| SYLVAN LEARNING | 3 of 17 defaulted | 17.6%THIN |
| Days Inn | 9 of 53 defaulted | 17.0% |
| Domino's Pizza | 0 of 24 defaulted | 0.0%THIN |
| ECONO LODGE | 0 of 23 defaulted | 0.0%THIN |
| Kiddie Academy | 0 of 20 defaulted | 0.0%THIN |
| Primrose School (Daycare) | 0 of 17 defaulted | 0.0%THIN |
| SLEEP INN | 0 of 16 defaulted | 0.0%THIN |
| Marco's Pizza | 0 of 15 defaulted | 0.0%THIN |
| Tropical Smoothie Cafe | 0 of 13 defaulted | 0.0%THIN |
| Red Roof Inn | 0 of 12 defaulted | 0.0%THIN |
| SUPERCUTS | 0 of 12 defaulted | 0.0%THIN |
| BONJANGLES EXPRESS | 0 of 11 defaulted | 0.0%THIN |
| Grease Monkey | 0 of 11 defaulted | 0.0%THIN |
| Sport Clips | 0 of 11 defaulted | 0.0%THIN |
| PRIMROSE SCHOOLS | 0 of 10 defaulted | 0.0%THIN |
| RODEWAY INN | 0 of 10 defaulted | 0.0%THIN |
| Subway | 1 of 100 defaulted | 1.0% |
Every SBA 7(a) and 504 loan in the FY1991–present FOIA files (data.sba.gov) whose borrower is matched to a franchise brand and whose borrower state is North Carolina. Charge-off rate = charged-off ÷ (charged-off + paid-in-full); still-open loans never dilute the rate. A local rate prints only at 10+ resolved loans in-state, and is marked THIN below 30 — directional, not a verdict. Local conditions, lender mix, and era all sit inside these numbers; read a brand's national record and its FDD before concluding anything. Brand links lead to the full sourced profile; “local record” links to the brand's North Carolina loan page.
A broker is paid by the franchisor to place you. I'm paid by you — and the job is pressure-testing the numbers, including talking you out of a bad deal.