AC
SBA 504 certified development company
Alabama Community Development
- Total loans
- 61
- Loan volume
- $41.9M
- Avg loan size
- $686K
- Charge-off rate
- 37.3%
- vs 13.3% national avg
Defaults
22
Franchises funded
37
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 5 | $3.1M | 40.0% (very high risk) |
| Ramada Inn | 4 | $3.7M | 50.0% (very high risk) |
| Comfort Inn | 4 | $3.1M | 50.0% (very high risk) |
| Holiday Inn Express | 3 | $3.0M | 33.3% (very high risk) |
| Quality Inn | 3 | $1.6M | 0.0% (low risk) |
| Best Western Inn | 3 | $2.8M | 33.3% (very high risk) |
| Hampton Inns | 3 | $2.7M | 0.0% (low risk) |
| Red Roof Inn | 2 | $2.0M | 50.0% (very high risk) |
| Dairy Queen | 2 | $628K | 0.0% (low risk) |
| Country Hearth Inn | 2 | $1.6M | 100.0% (very high risk) |
| Super 8 Motel | 2 | $1.0M | 0.0% (low risk) |
| Arby's | 2 | $669K | 50.0% (very high risk) |
| Badcock Home Furniture & More | 2 | $645K | 100.0% (very high risk) |
| Econo Lodge Motel | 1 | $435K | 0.0% (low risk) |
| Comfort Suites | 1 | $750K | 0.0% (low risk) |
| La Quinta Inn | 1 | $1.1M | 100.0% (very high risk) |
| Subway Sandwich Shop | 1 | $87K | 0.0% (low risk) |
| Travelodge | 1 | $581K | 0.0% (low risk) |
| Motel 6 | 1 | $854K | 100.0% (very high risk) |
| Sonny's Real Pit Bar-B-Q | 1 | $461K | 0.0% (low risk) |
Lending volume by year
1'92
1'93
3'94
4'95
8'96
6'97
2'98
9'99
1'00
3'01
3'02
5'03
3'04
5'05
4'07
1'09
2'10
Geographic coverage
Alabama
3036.7% (very high risk)
Florida
1233.3% (very high risk)
Mississippi
914.3% (elevated risk)
Tennessee
966.7% (very high risk)
Louisiana
10.0% (low risk)
Portfolio summary
Total funded$41.9M
Defaults22 of 61
Risk tierCRITICAL
Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict
Charge-off 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%), High Risk (>20%).