AD
SBA 504 certified development company
Appalachian Development Corporation
- Total loans
- 46
- Loan volume
- $54.7M
- Avg loan size
- $1.2M
- Charge-off rate
- 6.1%
- vs 13.3% national avg
Defaults
2
Franchises funded
30
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Bruster's | 7 | $2.0M | 0.0% (low risk) |
| Choice Hotels International In | 4 | $5.2M | 0.0% (low risk) |
| Comfort Inn | 3 | $4.4M | 33.3% (very high risk) |
| Zaxby's | 3 | $1.6M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 3 | $3.3M | 0.0% (low risk) |
| Quality Inn | 2 | $1.4M | 0.0% (low risk) |
| Holiday Inn Express | 1 | $720K | 0.0% (low risk) |
| Burger King | 1 | $273K | 0.0% (low risk) |
| Fairfield Inn | 1 | $1.3M | 0.0% (low risk) |
| Best Western Inn | 1 | $948K | 0.0% (low risk) |
| Country Hearth Inn | 1 | $854K | 0.0% (low risk) |
| Legacy Academy | 1 | $1.0M | 0.0% (low risk) |
| Sonic | 1 | $542K | 0.0% (low risk) |
| Kids R Kids | 1 | $1.3M | 0.0% (low risk) |
| Tru by Hilton | 1 | $3.3M | N/A |
| SpringHill Suites by Marriott | 1 | $4.5M | N/A |
| Eggs Up Grill | 1 | $1.2M | N/A |
| Hampton Inn | 1 | $4.5M | N/A |
| Primrose Schools | 1 | $1.8M | N/A |
| J.J. Gouge & Sons Oil Co. Inc | 1 | $659K | 0.0% (low risk) |
Lending volume by year
1'01
3'02
2'03
1'04
6'05
3'06
2'07
7'08
1'10
2'11
5'12
2'13
2'18
4'19
2'22
1'24
2'25
Geographic coverage
South Carolina
456.2% (moderate risk)
North Carolina
10.0% (low risk)
Portfolio summary
Total funded$54.7M
Defaults2 of 46
Risk tierGOOD
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%).