BH
SBA 504 certified development company
Black Hawk Economic Development, Inc.
- Total loans
- 39
- Loan volume
- $20.8M
- Avg loan size
- $533K
- Charge-off rate
- 10.3%
- vs 13.3% national avg
Defaults
3
Franchises funded
27
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 4 | $1.3M | 0.0% (low risk) |
| Super 8 Motel | 3 | $1.2M | 0.0% (low risk) |
| Americinn | 3 | $1.7M | 0.0% (low risk) |
| Culver's Frozen Custard | 2 | $753K | 0.0% (low risk) |
| Little Ceasar's Pizza | 2 | $133K | 0.0% (low risk) |
| Clarion Inn & Suites | 2 | $3.1M | 50.0% (very high risk) |
| Culver's | 2 | $1.5M | 0.0% (low risk) |
| Americinn/Americinn Lodge & Su | 2 | $1.4M | N/A |
| Taco John's | 1 | $129K | 0.0% (low risk) |
| Quality Inn | 1 | $293K | 0.0% (low risk) |
| Holiday Inn | 1 | $299K | 0.0% (low risk) |
| Cold Stone Creamery, Inc. | 1 | $96K | 0.0% (low risk) |
| Hawthorne Suites Franchising,i | 1 | $1.5M | 0.0% (low risk) |
| Signs By Tomorrow | 1 | $88K | 0.0% (low risk) |
| Ramada Inn | 1 | $530K | 0.0% (low risk) |
| Super 8 | 1 | $715K | 100.0% (very high risk) |
| Harley Davidson - Motor Cycle | 1 | $1.9M | N/A |
| Hot Stuff Food Systems | 1 | $59K | 100.0% (very high risk) |
| Anytime Fitness | 1 | $67K | 0.0% (low risk) |
| Anytime Fitness | 1 | $301K | N/A |
Lending volume by year
1'94
1'95
2'96
1'00
1'05
3'06
1'07
5'09
3'10
4'11
4'12
2'13
2'14
3'15
1'16
2'17
1'21
1'25
1'26
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%).