BD
SBA 504 certified development company
Business Development Corporation (BDC)
- Total loans
- 80
- Loan volume
- $49.7M
- Avg loan size
- $621K
- Charge-off rate
- 15.1%
- vs 13.3% national avg
Defaults
8
Franchises funded
54
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Wings Etc. | 8 | $3.1M | 0.0% (low risk) |
| Ace Hardware | 6 | $2.4M | 0.0% (low risk) |
| Super 8 Motel | 3 | $2.3M | 0.0% (low risk) |
| Arby's | 3 | $1.4M | 0.0% (low risk) |
| Wings Etc. | 3 | $1.5M | N/A |
| Freddy's Frozen Custard & Stea | 3 | $3.2M | N/A |
| Culver's Frozen Custard | 2 | $1.6M | 0.0% (low risk) |
| Comfort Suites | 2 | $2.6M | 50.0% (very high risk) |
| Microtel | 2 | $1.6M | 50.0% (very high risk) |
| State Farm Insurance | 2 | $275K | 0.0% (low risk) |
| Good Oil Company, Inc. (BP) Co | 2 | $1.8M | N/A |
| Kampgrounds of America | 2 | $850K | 0.0% (low risk) |
| Golden Corral (restaurant) | 1 | $572K | 100.0% (very high risk) |
| Travelodge | 1 | $805K | 0.0% (low risk) |
| Hilton Inns | 1 | $1.0M | 0.0% (low risk) |
| Sleep Inn Motel | 1 | $993K | 100.0% (very high risk) |
| Gold's Gym | 1 | $275K | 0.0% (low risk) |
| Country Inns & Suites | 1 | $1.2M | 100.0% (very high risk) |
| Wingstop Restaurant | 1 | $445K | 0.0% (low risk) |
| Goodyear Tire | 1 | $213K | 100.0% (very high risk) |
Lending volume by year
1'95
1
1
2
3
2'00
6
1
1
3
4'06
4
8
5
3
4'12
5
1
2
3
2'17
1
4
2
2
5'22
1
1
2'25
Geographic coverage
Indiana
6011.8% (elevated risk)
Florida
1625.0% (very high risk)
Michigan
30.0% (low risk)
South Carolina
10.0% (low risk)
Portfolio summary
Total funded$49.7M
Defaults8 of 80
Risk tierELEVATED
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%).