CD
SBA 504 certified development company
Crater Development Company
- Total loans
- 7
- Loan volume
- $6.4M
- Avg loan size
- $919K
- Charge-off rate
- 14.3%
- vs 13.3% national avg
Defaults
1
Franchises funded
6
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Exxon | 2 | $1.3M | 0.0% (low risk) |
| Country Inn | 1 | $2.0M | 100.0% (very high risk) |
| Goddard Early Learning Center | 1 | $482K | 0.0% (low risk) |
| Sleep Inn Motel | 1 | $717K | 0.0% (low risk) |
| Holiday Inn Express | 1 | $1.3M | 0.0% (low risk) |
| Comfort Inn | 1 | $624K | 0.0% (low risk) |
Lending volume by year
1'93
1'96
1'98
2'01
1'02
1'06
Geographic coverage
Virginia
714.3% (elevated risk)
Portfolio summary
Total funded$6.4M
Defaults1 of 7
Risk tierAVERAGE
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%).