CM
SBA 504 certified development company
Central Mississippi Development Company
- Total loans
- 44
- Loan volume
- $54.1M
- Avg loan size
- $1.2M
- Charge-off rate
- 22.9%
- vs 13.3% national avg
Defaults
8
Franchises funded
30
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Comfort Inn | 4 | $3.2M | 33.3% (very high risk) |
| Days Inn | 3 | $2.2M | 33.3% (very high risk) |
| Holiday Inn Express | 3 | $4.1M | 66.7% (very high risk) |
| Holiday Inn | 3 | $1.8M | 0.0% (low risk) |
| Quality Inn | 3 | $3.3M | 66.7% (very high risk) |
| Hampton Inns | 3 | $4.9M | 0.0% (low risk) |
| Ramada Inn | 2 | $2.4M | 50.0% (very high risk) |
| Temporary Franchises | 1 | $432K | 0.0% (low risk) |
| Best Western Inn | 1 | $1.0M | 0.0% (low risk) |
| Smoothie King (health Food Sto | 1 | $637K | 0.0% (low risk) |
| Jellystone Park & Campgrounds | 1 | $1.6M | 0.0% (low risk) |
| Super 8 Motel | 1 | $558K | N/A |
| Hardee's Restaurant | 1 | $336K | 0.0% (low risk) |
| Mellow Mushroom | 1 | $857K | 100.0% (very high risk) |
| Huddle House | 1 | $267K | 0.0% (low risk) |
| Chuck E. Cheese (show Biz Pizz | 1 | $1.3M | N/A |
| Sleep Inn Motel | 1 | $750K | 0.0% (low risk) |
| Sonny's Real Pit Bar-B-Q | 1 | $415K | 0.0% (low risk) |
| Dairy Queen | 1 | $512K | 0.0% (low risk) |
| Comfort Suites | 1 | $1.7M | N/A |
Lending volume by year
1'92
2
1
1
3
1'97
1
2
1
1
2'06
3
9
5
2
2'13
1
1
1
2
1'23
1'24
Geographic coverage
Mississippi
4323.5% (very high risk)
Arkansas
10.0% (low risk)
Portfolio summary
Total funded$54.1M
Defaults8 of 44
Risk tierCRITICAL
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%).