BE
SBA 504 certified development company
Business Expansion Funding Corporation
- Total loans
- 198
- Loan volume
- $210.0M
- Avg loan size
- $1.1M
- Charge-off rate
- 15.2%
- vs 13.3% national avg
Defaults
21
Franchises funded
117
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 11 | $7.0M | 18.2% (high risk) |
| Choice Hotels International In | 10 | $13.9M | 20.0% (very high risk) |
| Super 8 Motel | 7 | $4.9M | 28.6% (very high risk) |
| Days Inn | 6 | $3.8M | 0.0% (low risk) |
| Comfort Inn | 6 | $5.4M | 16.7% (high risk) |
| Golden Corral (restaurant) | 5 | $4.0M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 5 | $7.4M | 0.0% (low risk) |
| Zaxby's | 4 | $2.7M | 0.0% (low risk) |
| Microtel | 4 | $3.3M | 66.7% (very high risk) |
| Econo Lodge Motel | 3 | $2.1M | 0.0% (low risk) |
| Sonic | 3 | $4.6M | 33.3% (very high risk) |
| Holiday Inn Express | 3 | $2.4M | 0.0% (low risk) |
| Zaxby's | 3 | $3.0M | 0.0% (low risk) |
| Primrose Schools | 3 | $5.8M | N/A |
| Comfort Suites by Choice Hotel | 3 | $8.6M | N/A |
| International House Of Pancake | 2 | $2.1M | 0.0% (low risk) |
| Sleep Inn Motel | 2 | $1.1M | 0.0% (low risk) |
| Sir Speedy Printing Center | 2 | $1.1M | 0.0% (low risk) |
| Quality Inn | 2 | $1.7M | 0.0% (low risk) |
| Country Inns & Suites | 2 | $2.3M | 0.0% (low risk) |
Lending volume by year
2'92
1
3
3
1
4'99
2
7
5
2
4'04
10
16
14
7
6'09
7
7
17
10
4'14
3
8
8
10
6'19
6
9
11
2
2'25
1'26
Geographic coverage
Portfolio summary
Total funded$210.0M
Defaults21 of 198
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%).