Carolina Small Business Development Fund
Headquartered in Raleigh, NC. Analysis based on 69 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $13.9M.
Total 7(a) loans
69
Total approved
$13.9M
Average loan
$201K
States funded in
2
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
8.57%
Average rate
9.81%
Average term
116 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722515 | Snack and Nonalcoholic Beverage Bars | 7 |
| 722513 | Limited-Service Restaurants | 3 |
| 624410 | Child Day Care Services | 3 |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 3 |
| 238990 | All Other Specialty Trade Contractors | 2 |
| 561720 | Janitorial Services | 2 |
| 561510 | Travel Agencies | 2 |
| 485991 | Special Needs Transportation | 2 |
| 722511 | Full-Service Restaurants | 2 |
| 722410 | Drinking Places (Alcoholic Beverages) | 2 |
Top 10 states
| State | Loans |
|---|---|
| NC | 68 |
| SC | 1 |
Top franchise brands financed
7 franchise loans across 6 distinct brands.
| Franchise | Loans |
|---|---|
| 101 Mobility | 2 |
| SUPPLY POINTe | 1 |
| Just Love Coffee Cafe | 1 |
| Abbott's Frozen Custard | 1 |
| Tempory Wall Systems | 1 |
| PizzaForno | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.