CA
SBA 504 certified development company
Coastal Area District Development Authority, Inc.
- Total loans
- 76
- Loan volume
- $55.5M
- Avg loan size
- $730K
- Charge-off rate
- 15.5%
- vs 13.3% national avg
Defaults
9
Franchises funded
48
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Huddle House | 4 | $712K | 0.0% (low risk) |
| Temporary Franchises | 4 | $3.1M | 50.0% (very high risk) |
| Best Western Inn | 4 | $3.9M | 0.0% (low risk) |
| Sonny's Real Pit Bar-B-Q | 3 | $1.8M | 0.0% (low risk) |
| Sleep Inn Motel | 3 | $3.4M | 66.7% (very high risk) |
| Hardee's Restaurant | 3 | $1.2M | 0.0% (low risk) |
| Quality Inn | 3 | $2.1M | 0.0% (low risk) |
| Sonic | 3 | $2.4M | 0.0% (low risk) |
| Travelodge | 2 | $1.7M | 0.0% (low risk) |
| Wendy's | 2 | $642K | 0.0% (low risk) |
| Country Inn | 2 | $1.4M | 0.0% (low risk) |
| Fairfield Inn | 2 | $2.2M | 0.0% (low risk) |
| Badcock Home Furniture & More | 2 | $1.0M | 50.0% (very high risk) |
| Western Sizzlin Steak House | 2 | $738K | 50.0% (very high risk) |
| Ace Hardware | 2 | $856K | 0.0% (low risk) |
| Comfort Suites | 2 | $2.0M | 0.0% (low risk) |
| Dairy Queen Grill & Chill/Texa | 2 | $1.2M | N/A |
| Dunkin Donuts | 1 | $345K | 0.0% (low risk) |
| Sears Catalog Store | 1 | $196K | 0.0% (low risk) |
| Holiday Inn Express | 1 | $1.3M | 0.0% (low risk) |
Lending volume by year
3'92
3
2
4
3
3'99
2
1
3
1
3'04
4
2
6
2
8'09
2
5
2
1
2'14
1
1
2
2
1'19
1
2
1
2
1'26
Geographic coverage
Portfolio summary
Total funded$55.5M
Defaults9 of 76
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%).