Limited-Service Restaurants acquisitions in South Carolina: SBA loan data
Since FY2018, SBA lenders have approved 16 7(a) loans to buy an existing business classified as Limited-Service Restaurants in South Carolina, totaling $7.4M. The median loan was $303,000. That is 2.3% of the 683 acquisition loans in South Carolina.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
How this compares
The median Limited-Service Restaurants loan in South Carolina is 60% lower than the $755,000 median for all South Carolina acquisitions, and 13% lower than the $350,000 median for Limited-Service Restaurants acquisitions nationwide (2,222 loans).
This combination has too few seasoned loans for a reliable charge-off rate. Nationally, 5.3% of seasoned Limited-Service Restaurants acquisition loans were charged off, and 4.5% of seasoned South Carolina acquisition loans of any type.
Limited-Service Restaurants acquisition loans in South Carolina by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $755K | $177,500 | |
| FY2019 | 1 | $150K | $150,000 | |
| FY2020 | 2 | $875K | $437,500 | |
| FY2021 | 0 | $0 | - | |
| FY2022 | 3 | $1.3M | $345,000 | |
| FY2023 | 1 | $1.5M | $1,526,000 | |
| FY2024 | 2 | $1.1M | $534,450 | |
| FY2025 | 1 | $414K | $414,000 | |
| FY2026 | 2 | $1.3M | $647,500 |
How often do these acquisition loans fail?
Fewer than 20 Limited-Service Restaurants in South Carolina acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
Submit Transaction DetailsAlex Lubyansky leads every engagement.
Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Stearns Bank National Association | 5 | 31.3% | $735K | |
| 2 | Countybank | 2 | 12.5% | $1.1M | |
| 3 | Pinnacle Bank | 1 | 6.3% | $1.5M | |
| 4 | Milestone Bank | 1 | 6.3% | $1.1M | |
| 5 | The Commercial Bank | 1 | 6.3% | $787K |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Subway | 3 | 18.8% | $513K | |
| 2 | Tropical Smoothie Cafe | 1 | 6.3% | $787K | |
| 3 | Duck Donuts | 1 | 6.3% | $414K | |
| 4 | Schlotzsky's | 1 | 6.3% | $345K | |
| 5 | Hungry Howie's Pizza | 1 | 6.3% | $290K |
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentFree consultation. All 50 states.
Questions buyers ask
How much do SBA loans for Limited-Service Restaurants acquisitions in South Carolina run?
The median SBA 7(a) loan was $303,000 across 16 loans (FY2018 to FY2026). The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Limited-Service Restaurants acquisitions in South Carolina?
Stearns Bank National Association (5), Countybank (2), Pinnacle Bank (1), Milestone Bank (1), The Commercial Bank (1).
How often do Limited-Service Restaurants acquisition loans fail in South Carolina?
Fewer than 20 loans in this combination are old enough to measure losses reliably, so no rate is shown. The national benchmark for all SBA acquisition loans is 3.5% (FY2018 to FY2021 cohort).
Are franchised businesses part of Limited-Service Restaurants acquisitions in South Carolina?
10 of the 16 loans (63%) involved a franchise brand, most often Subway (3).
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAll 50 states. Free consultation.
Advertise on this site: lenders, brokers, valuation and insurance firms. See options
Related
- All South Carolina acquisitions
- Financing one? How to get an SBA loan to buy a fast food restaurant
- Limited-Service Restaurants nationally
- Limited-Service Restaurants in California
- Limited-Service Restaurants in Washington
- Limited-Service Restaurants in Texas
- Limited-Service Restaurants in Georgia
- Limited-Service Restaurants in Pennsylvania
- Limited-Service Restaurants in Michigan
- Limited-Service Restaurants in Illinois
- Limited-Service Restaurants in Florida
- Hotels and Motels in South Carolina
- Full-Service Restaurants in South Carolina
- General Automotive Repair in South Carolina
- Insurance Agencies and Brokerages in South Carolina
- All Other Specialty Trade Contractors in South Carolina
- Plumbing, Heating, and Air-Conditioning Contractors in South Carolina
- Lessors of Miniwarehouses and Self-Storage Units in South Carolina
- Child Care Services in South Carolina
Small samples move a lot: each loan in this combination is 6% of the count. Industry is the NAICS code the lender recorded. See the methodology.