FranchiseVerdict

SBA 504 certified development company

Advantage Certified Development Corporation

CRITICAL risk
Total loans
62
Loan volume
$114.8M
Avg loan size
$1.9M
Default rate
20.0%
vs 13.3% national avg

Defaults

5

Franchises funded

46

Risk rating

CRITICAL

Top franchise exposures

FranchiseLoansVolumeDefault %
Chevron (gas Station)5$5.2M0.0%
AM/PM Mini-Mart Agreement - AR4$15.7M
Unocal 763$1.3M0.0%
Best Western - Membership Agre3$10.7M
Jiffy Lube2$407K0.0%
Conoco Service Station2$1.9M0.0%
Phillips 66 Branded Reseller A2$4.7M
Au Energy (Shell) Retail Sales2$1.9M
Circle K (C-store Agreement on2$4.4M
Holiday Inn Express1$1.4M0.0%
Travelodge1$953K0.0%
My Girlfriends Kitchens1$594K100.0%
Pump It Up1$469K0.0%
Kiddie Academy1$1.4M0.0%
Econo Lodge Motel1$541K100.0%
Molly Maid1$659K0.0%
Sir Speedy Printing Center1$443K100.0%
El Pollo Loco1$763K100.0%
Del Taco1$1.5M0.0%
Texaco Service Station1$598K100.0%

Lending volume by year

2
'04
10
'05
6
'06
1
'07
1
'09
2
'11
1
'12
2
'13
1
'18
2
'19
4
'21
7
'22
6
'23
6
'24
10
'25
1
'26

Geographic coverage

California
6120.0%
Texas
1

Portfolio summary

Total funded$114.8M
Defaults5 of 62
Risk tierCRITICAL

Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict

Default rate = charge-offs / (charge-offs + paid-in-full). Active, exempt, and cancelled loans are excluded. Risk ratings: Excellent (<5%), Good (5-10%), Average (10-15%), Elevated (15-20%), Critical (>20%).