BC
SBA 504 certified development company
Birmingham Citywide Local Development Company
- Total loans
- 102
- Loan volume
- $84.4M
- Avg loan size
- $828K
- Default rate
- 18.4%
- vs 13.3% national avg
Defaults
14
Franchises funded
61
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Zaxby's | 8 | $4.3M | 0.0% |
| Temporary Franchises | 8 | $3.3M | 0.0% |
| Choice Hotels International In | 6 | $7.1M | 60.0% |
| Hampton Inns | 5 | $5.4M | 0.0% |
| Bruster's | 3 | $1.2M | 66.7% |
| Quality Inn | 3 | $3.0M | 33.3% |
| Buffalo Wild Wings (f/K/A Bw-3 | 2 | $1.4M | 0.0% |
| Ramada Inn | 2 | $1.1M | 50.0% |
| Microtel | 2 | $1.6M | 50.0% |
| Best Western Inn | 2 | $2.4M | 50.0% |
| Shell Service Station | 2 | $925K | 0.0% |
| Steak N Shake | 2 | $885K | 0.0% |
| Holiday Inn Express | 2 | $4.0M | 50.0% |
| Whataburger | 2 | $1.1M | 0.0% |
| Days Inn | 2 | $1.6M | 0.0% |
| Comfort Inn | 2 | $2.1M | 50.0% |
| Guthrie's | 2 | $571K | 0.0% |
| Comfort Suites by Choice Hotel | 2 | $2.5M | — |
| Moore Oil Company (Citgo) - Mo | 2 | $937K | — |
| Popeyes Louisiana Kitchen | 2 | $935K | — |
Lending volume by year
3'93
1
2
1
1
2'01
2
4
3
12
8'06
4
10
5
4
10'11
2
3
2
3
2'16
1
4
6
2
2'22
1
1
1'25
Geographic coverage
Portfolio summary
Total funded$84.4M
Defaults14 of 102
Risk tierELEVATED
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%).