Feasibility Study Data for the Charleston-North Charleston, SC Metro Area

Charleston-North Charleston scale: counts, dollars and typical loans in Charleston-North Charleston, SC

1,360 SBA approvals landed here for Charleston-North Charleston projects from FY2017 through FY2026, carrying $876.8 million across every asset class. Charleston-North Charleston holds rank 74 of 928 against every other statistical area, Charleston-North Charleston among them. The local median loan is $298,050; the middle half of approvals run from $100,000 to $700,500. Against the country, Charleston-North Charleston borrowers take larger loans, with a median 1.43x of the national one. Large tickets are the first thing that sets Charleston-North Charleston apart.

Charleston-North Charleston lenders and the programs they use in Charleston-North Charleston, SC

The metro area shows 1,257 loans under 7(a), against 103 under 504. Most Charleston-North Charleston borrowers therefore meet the 7(a) rules. Loans tied to franchise systems make up 18.6%. In 7(a), the biggest Charleston-North Charleston holder is TD Bank, National Association: 140 loans, $31.3 million in all. 104 loans and $27.4 million belong to Wells Fargo Bank National Association, in second place. Third on the list is The Huntington National Bank, 102 loans, with 95 more at Pinnacle Bank (TN). 504 lending here runs through Provident Business Financial Services, Inc., at 62 loans and $64.6 million; Appalachian Development Corporation comes next with 16 loans. Read the lender entries as SBA records of holdings. A row for TD Bank, National Association appears on the strength of SBA's Charleston-North Charleston holder field; no row describes how Wells Fargo Bank National Association treats borrowers.

Charleston-North Charleston by asset class and by county in Charleston-North Charleston, SC

The larger share of the Charleston-North Charleston record falls outside the class table: 960 loans that carry codes outside the table. For Charleston-North Charleston, the class rows therefore capture a minority of Charleston-North Charleston lending. The Charleston-North Charleston class table opens with full-service restaurant, 59 loans, then limited-service restaurant with 55 and fitness center with 44. Lower in the table come automotive mechanical repair (car and truck) with 35 and dental office at 30. By county, Charleston County, SC accounts for 891 loans and then Berkeley County, SC at 295 and Dorchester County, SC with 174. Demand differs between these counties, so the Charleston-North Charleston figure hides some spread.

Charleston-North Charleston: outcome rates, trend and data limits in Charleston-North Charleston, SC

Looking at FY2017 to FY2024 approvals, Charleston-North Charleston cancellations came to at least 10.8%; counting loans still undisbursed as cancelled pushes up the ceiling to 12.3%. Charleston-North Charleston write-offs on 523 disbursed loans from FY2017 to FY2021 Charleston-North Charleston total at least 7.1% so far; within five years of approval the Charleston-North Charleston rate was 3.6%. Seasoning continues, so these rates are floors so the final Charleston-North Charleston figure is higher or equal. FY2025 was the high point: 219 loans worth $124.4 million; the thinnest Charleston-North Charleston year before FY2026 was FY2020, with 67 loans for $45.1 million. A loan joins the Charleston-North Charleston, SC figures through its project county, as with Charleston County, SC or Berkeley County, SC, county membership follows the 2023 Charleston-North Charleston delineation, so a loan from an unmatched Charleston-North Charleston county appears nowhere.

Charleston-North Charleston, SC: what a study for a Charleston-North Charleston project must prove

In Charleston-North Charleston, a study should start from one site and one county, since the metro area total blends different markets. Since full-service restaurant leads the Charleston-North Charleston class table, the analysis should test the lease term against payback, Charleston-North Charleston dining rooms and their weeknight trade and liquor licence timing and cost. For limited-service restaurant, the next Charleston-North Charleston class in Charleston-North Charleston, depend on build-out Charleston-North Charleston cost for a small box and on how a brand holds up in Charleston-North Charleston. Cash flow for a Charleston-North Charleston loan must hold in a soft year; an appraiser will want income and sale evidence from the same market. With larger tickets common in Charleston-North Charleston, the request must be tied to real costs, and never to what neighbors borrowed.