CL
SBA 504 certified development company
CSRA Local Development Corporation
- Total loans
- 96
- Loan volume
- $78.2M
- Avg loan size
- $815K
- Charge-off rate
- 15.9%
- vs 13.3% national avg
Defaults
10
Franchises funded
63
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Zaxby's | 9 | $5.2M | 0.0% (low risk) |
| Huddle House | 7 | $1.4M | 33.3% (very high risk) |
| Temporary Franchises | 5 | $2.9M | 66.7% (very high risk) |
| Holiday Inn Express | 4 | $6.0M | 33.3% (very high risk) |
| Dairy Queen | 3 | $664K | 0.0% (low risk) |
| Ace Hardware | 3 | $1.1M | 0.0% (low risk) |
| Mellow Mushroom | 2 | $2.0M | N/A |
| Comfort Inn | 2 | $3.0M | 0.0% (low risk) |
| Ford Motor (dealers) | 2 | $1.2M | 50.0% (very high risk) |
| Badcock Home Furniture & More | 2 | $951K | 0.0% (low risk) |
| Motel 6 | 2 | $2.7M | 0.0% (low risk) |
| Marriott Hotel | 2 | $3.4M | 0.0% (low risk) |
| Bojangles' | 2 | $1.8M | 0.0% (low risk) |
| Steak N Shake | 2 | $1.5M | 0.0% (low risk) |
| Loco's Deli & Pub | 1 | $837K | 0.0% (low risk) |
| Yogi Bear's Jellystone Park | 1 | $511K | 0.0% (low risk) |
| Waffle King | 1 | $177K | 100.0% (very high risk) |
| Hawthorne Suites Franchising,i | 1 | $1.3M | 0.0% (low risk) |
| Red Carpet Inn | 1 | $1.0M | 0.0% (low risk) |
| Pet Supplies Plus System | 1 | $651K | 0.0% (low risk) |
Lending volume by year
1'92
1
4
3
1
2'98
4
3
5
4
11'07
1
5
7
5
6'12
8
2
2
3
4'17
3
1
4
1
2'22
1
1
1'26
Geographic coverage
Portfolio summary
Total funded$78.2M
Defaults10 of 96
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%).