BC
SBA 504 certified development company
Bay Colony Development Corporation
- Total loans
- 107
- Loan volume
- $120.1M
- Avg loan size
- $1.1M
- Charge-off rate
- 10.8%
- vs 13.3% national avg
Defaults
7
Franchises funded
78
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Comfort Inn | 7 | $8.5M | 14.3% (elevated risk) |
| Holiday Inn Express | 4 | $4.8M | 25.0% (very high risk) |
| Econo Lodge Motel | 4 | $2.2M | 25.0% (very high risk) |
| Hampton Inns | 3 | $5.3M | 0.0% (low risk) |
| Domino's Pizza | 3 | $887K | 33.3% (very high risk) |
| Days Inn | 3 | $1.9M | 0.0% (low risk) |
| Primrose Schools | 3 | $7.7M | N/A |
| Edible Arrangements | 2 | $522K | 0.0% (low risk) |
| True Value Hardware | 2 | $1.3M | 0.0% (low risk) |
| Best Western Inn | 2 | $3.0M | 0.0% (low risk) |
| Gold's Gym | 2 | $592K | 0.0% (low risk) |
| Taylor Rental Center | 2 | $787K | 0.0% (low risk) |
| Fairfield Inn | 2 | $2.1M | 0.0% (low risk) |
| Sonic | 2 | $2.0M | N/A |
| Holiday Inn Express/Holiday In | 2 | $4.0M | N/A |
| Anytime Fitness | 2 | $1.3M | N/A |
| Rooterman | 1 | $77K | 0.0% (low risk) |
| Country Inn | 1 | $1.3M | N/A |
| Super 8 Motel | 1 | $345K | 0.0% (low risk) |
| Exxon | 1 | $543K | 0.0% (low risk) |
Lending volume by year
1'95
2
1
3
3
3'00
3
3
2
2
8'06
2
2
2
5
1'11
11
3
8
4
4'16
1
4
2
5
10'21
6
1
2
3'25
Geographic coverage
Massachusetts
797.5% (moderate risk)
Rhode Island
1420.0% (very high risk)
New Hampshire
650.0% (very high risk)
Vermont
520.0% (very high risk)
Connecticut
3N/A
Portfolio summary
Total funded$120.1M
Defaults7 of 107
Risk tierAVERAGE
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%).