FranchiseVerdict

SBA 504 certified development company

Arizona Capital Source

CRITICAL risk
Total loans
218
Loan volume
$214.1M
Avg loan size
$982K
Default rate
20.0%
vs 13.3% national avg

Defaults

35

Franchises funded

122

Risk rating

CRITICAL

Top franchise exposures

FranchiseLoansVolumeDefault %
Choice Hotels International In8$8.5M62.5%
Comfort Inn8$7.3M66.7%
Super 8 Motel7$5.6M14.3%
Best Western Inn6$6.3M16.7%
Ramada Inn6$7.0M16.7%
Culver's6$6.3M0.0%
Culver's ButterBurgers & Froze6$6.7M0.0%
Days Inn5$5.7M40.0%
Holiday Inn5$5.8M0.0%
Pizzeria Uno's (restaurant)4$3.6M50.0%
Chevron (gas Station)4$2.8M50.0%
Temporary Franchises4$3.4M0.0%
Del Taco3$748K0.0%
Texaco Service Station3$1.1M33.3%
Ace Hardware3$2.2M33.3%
La Quinta Inn3$3.9M0.0%
Arby's3$818K0.0%
Holiday Inn Express3$3.9M33.3%
Quality Inn3$2.8M33.3%
Culver's Frozen Custard3$2.7M0.0%

Lending volume by year

3
'92
2
4
2
4
5
'97
5
3
2
5
4
'02
8
13
18
21
19
'07
8
5
7
3
5
'12
4
5
4
7
6
'17
8
12
7
2
9
'22
1
2
5
'25

Geographic coverage

Arizona
21419.2%

Portfolio summary

Total funded$214.1M
Defaults35 of 218
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%).