CM
SBA 504 certified development company
Central Minnesota Development
- Total loans
- 31
- Loan volume
- $25.0M
- Avg loan size
- $807K
- Charge-off rate
- 10.0%
- vs 13.3% national avg
Defaults
2
Franchises funded
28
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Super 8 Motel | 3 | $1.6M | 33.3% (very high risk) |
| Midas Muffler Shop | 2 | $498K | 0.0% (low risk) |
| Anytime Fitness | 1 | $308K | 0.0% (low risk) |
| Americinn | 1 | $1.4M | 100.0% (very high risk) |
| Best Western Inn | 1 | $595K | 0.0% (low risk) |
| Re/Max Realty | 1 | $539K | 0.0% (low risk) |
| Travelodge | 1 | $1.1M | 0.0% (low risk) |
| Servicemaster | 1 | $130K | N/A |
| American Brake Service | 1 | $229K | 0.0% (low risk) |
| Ameriprise Financial Services | 1 | $117K | 0.0% (low risk) |
| Comfort Inn | 1 | $544K | 0.0% (low risk) |
| Domino's Pizza | 1 | $65K | 0.0% (low risk) |
| Keller Williams Realty | 1 | $803K | 0.0% (low risk) |
| Mgm Liquor | 1 | $865K | 0.0% (low risk) |
| Goodyear Tire | 1 | $227K | 0.0% (low risk) |
| Papa Murphy's Take 'N' Bake Pi | 1 | $270K | N/A |
| Midas | 1 | $222K | 0.0% (low risk) |
| Nothing Bundt Cakes | 1 | $1.1M | N/A |
| Dunn Brothers Coffee | 1 | $420K | N/A |
| BrightStar Care | 1 | $1.2M | N/A |
Lending volume by year
2'92
2'96
1'99
1'01
3'05
2'06
4'07
1'08
1'10
1'11
1'12
1'13
1'14
3'15
1'16
2'22
1'23
3'25
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%).