Top SBA Lenders in South Carolina for Accommodation & Food Services
3 SBA 7(a) lenders active in South Carolina's accommodation & food services sector.
Lenders
19 loans
Total Volume
Median Rate
State avg: Prime + 2.50%
Default Rate
State avg: 1.7%
Top Accommodation & Food Services Lenders in South Carolina
Rate Distribution (Accommodation & Food Services in South Carolina)
All Accommodation & Food Services Lenders in South Carolina
| # | Lender | Loans | Volume | Rate | Default Rate |
|---|---|---|---|---|---|
| 1 | GBank | 12 | $43.1M | P+1.00% | 0.6% |
| 2 | Countybank | 4 | $2.8M | P+2.75% | 0.0% |
| 3 | First Command Bank | 3 | $540K | P+0.00% | 0.0% |
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3 SBA 7(a) lenders are active in South Carolina's accommodation & food services sector, having originated 19 loans totaling $46.4M. The median rate for accommodation & food services acquisitions in South Carolina is Prime + 1.88%, compared to the statewide median of Prime + 2.50%.
The 10-year cumulative default rate for this niche is 0.6%, which is below the state average of 1.7% — indicating relatively lower risk.
Frequently Asked Questions
How many SBA lenders specialize in accommodation & food services in South Carolina?
3 SBA 7(a) lenders have originated accommodation & food services acquisition loans in South Carolina, with a combined 19 loans.
What rate can I expect for a accommodation & food services acquisition in South Carolina?
The median rate is Prime + 1.88% (Prime + spread). This compares to a statewide median of Prime + 2.50%. Actual rates depend on loan size, borrower qualifications, and collateral.
What is the default rate for accommodation & food services SBA loans in South Carolina?
The 10-year cumulative default rate is 0.6%, compared to a statewide average of 1.7%.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected state and industry. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates.
Figures shown here are historical SBA 7(a) lending data presented for general information only. They are not an offer of credit, a prediction of the terms you will receive, or financial advice. VerSquare is not a licensed broker, lender, or financial advisor. Consult a licensed professional before making a financing decision.