Quick Service Restaurant Feasibility Study in the Columbia, SC Metro Area

How Columbia ranks for quick service restaurant

Columbia, SC stands 79 of 779 among metro and micro areas, on 42 SBA approvals across FY2017 to FY2026 worth $16.4 million. Measured against the nation, Columbia's quick service restaurant share is 1.29x the share seen nationally: Columbia tilts to the class. Inside Columbia, the class ranks 3 of 39, a core business. All of Columbia's loans sit in SC.

In Columbia, the median loan is $253,250, with the middle half running from $109,125 to $504,125. That median is 0.81x the median nationally for the class, so Columbia tickets run lighter. Loan Analytics withholds the program split for Columbia; the split rests on thin counts, and blanks are not zeros. Franchised units account for 64.3% of loans in Columbia, a read on branding. Columbia lenders will see it as background.

Quick service restaurant lenders in Columbia

Under 7(a) in Columbia, the largest holders listed are The Huntington National Bank: 11 loans, $2.3 million. The 504 table for Columbia is empty. Each Columbia row is an SBA record. Columbia lenders hold or held these loans. Columbia rows speak to files, not policy. Columbia rows state no lender requirement. Across Columbia counties, Richland County, SC records 23 loans; next come Lexington County, SC at 12.

Year by year, Columbia shows FY2022: 6 loans, $1.1 million and FY2024: 6 loans, $3.4 million. FY2017 through FY2021, FY2023, FY2025 and FY2026 stay blank for Columbia on thin counts, so a Columbia gap is unpublished, nothing more. For Columbia, no cancellation floor is printed. Too few Columbia approvals exist to print one. Columbia has no published charge-off floor. In Columbia, a thin cohort means unpublished. All Columbia totals use federal lines from July 2023, with Columbia loans placed by project county, while Columbia leaves out unplaced counties.

A quick service restaurant study for Columbia: the tests

From this quick service restaurant record in Columbia, SC, a study moves to a single parcel. Columbia lenders need the study to show pad site rent and ground lease terms. For Columbia, we would first examine franchise approval and opening timeline. Columbia borrowers should expect the study to document whether the lease outlasts the loan. Columbia analysis should establish the building apart from the brand. In Columbia, we start by examining royalties and fees, net of gross sales. Columbia tests demand, cost, coverage and value. A Columbia study guarantees nothing to lenders.