CD
SBA 504 certified development company
Certified Development Corporation of South Carolina
- Total loans
- 127
- Loan volume
- $108.0M
- Avg loan size
- $850K
- Charge-off rate
- 17.8%
- vs 13.3% national avg
Defaults
19
Franchises funded
73
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 9 | $7.0M | 33.3% (very high risk) |
| Choice Hotels International In | 8 | $8.3M | 37.5% (very high risk) |
| Holiday Inn Express | 7 | $7.0M | 0.0% (low risk) |
| Comfort Inn | 5 | $3.8M | 0.0% (low risk) |
| Microtel | 5 | $3.4M | 20.0% (very high risk) |
| Super 8 Motel | 5 | $3.0M | 20.0% (very high risk) |
| Zaxby's | 4 | $1.9M | 0.0% (low risk) |
| Ramada Inn | 3 | $1.8M | 0.0% (low risk) |
| Econo Lodge Motel | 3 | $1.7M | 66.7% (very high risk) |
| Ace Hardware | 3 | $1.2M | 0.0% (low risk) |
| Country Inn | 2 | $1.8M | 50.0% (very high risk) |
| Holiday Inn | 2 | $2.4M | 50.0% (very high risk) |
| Comfort Suites | 2 | $2.3M | 0.0% (low risk) |
| Perkins Restaurants | 2 | $412K | 0.0% (low risk) |
| Popeye's Famous Fried Chicken | 2 | $900K | 0.0% (low risk) |
| Arby's | 2 | $1.8M | 50.0% (very high risk) |
| Howard Johnson | 2 | $1.5M | 0.0% (low risk) |
| Popeyes Louisiana Kitchen | 2 | $1.6M | 0.0% (low risk) |
| Temporary Franchises | 2 | $842K | 0.0% (low risk) |
| Midas/SpeeDee Oil Change & Aut | 2 | $1.9M | N/A |
Lending volume by year
3'93
3
5
6
5
5'98
6
5
4
7
10'04
9
10
7
2
4'09
6
2
2
2
4'16
1
1
3
4
2'21
3
3
1
2'25
Geographic coverage
South Carolina
11218.8% (high risk)
Ohio
911.1% (elevated risk)
North Carolina
30.0% (low risk)
Florida
2N/A
Georgia
10.0% (low risk)
Portfolio summary
Total funded$108.0M
Defaults19 of 127
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%).