FranchiseVerdict

SBA 504 certified development company

Community Capital Development

CRITICAL risk
Total loans
95
Loan volume
$79.4M
Avg loan size
$836K
Default rate
26.5%
vs 13.3% national avg

Defaults

18

Franchises funded

61

Risk rating

CRITICAL

Top franchise exposures

FranchiseLoansVolumeDefault %
Goo Goo 3 Minute Car Wash5$4.5M20.0%
Temporary Franchises5$1.8M80.0%
Primrose School (daycare)4$4.8M0.0%
Super 8 Motel4$2.3M33.3%
Comfort Inn3$3.5M33.3%
Days Inn3$2.0M33.3%
Amerihost Inn3$2.6M66.7%
Culver's Frozen Custard3$1.7M0.0%
Dairy Queen2$717K0.0%
Inkwell (the)2$299K0.0%
Honda (dealers)2$604K50.0%
Re/Max Realty2$448K0.0%
Holiday Inn Express2$1.8M50.0%
Quality Inn2$1.6M50.0%
Best Western Inn2$1.5M50.0%
Meineke Car Care2$464K0.0%
AAMCO Transmissions2$389K0.0%
Holiday Inn Express/Holiday In2$6.2M
Meineke2$826K
Buffalo Wild Wings (f/K/A Bw-32$2.5M

Lending volume by year

3
'93
1
1
2
3
2
'98
2
3
1
2
4
'05
6
8
9
1
4
'10
9
5
5
6
3
'16
5
1
2
1
4
'23
2
'26

Geographic coverage

Ohio
9526.5%

Portfolio summary

Total funded$79.4M
Defaults18 of 95
Risk tierCRITICAL

Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict

Default 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%), Critical (>20%).