ES
SBA 504 certified development company
Empire State Certified Development Corporation
- Total loans
- 365
- Loan volume
- $486.7M
- Avg loan size
- $1.3M
- Charge-off rate
- 10.2%
- vs 13.3% national avg
Defaults
17
Franchises funded
193
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Hampton Inns | 12 | $28.6M | 0.0% (low risk) |
| Primrose Schools | 11 | $23.5M | 0.0% (low risk) |
| Temporary Franchises | 10 | $8.8M | 0.0% (low risk) |
| Days Inn | 8 | $8.8M | 16.7% (high risk) |
| Dunkin Donuts | 8 | $4.8M | 0.0% (low risk) |
| Holiday Inn Express/Holiday In | 8 | $23.4M | 0.0% (low risk) |
| Super 8 Motel | 7 | $4.6M | 0.0% (low risk) |
| Microtel Inn & Suites by Wyndh | 6 | $9.6M | N/A |
| Microtel | 5 | $4.9M | 50.0% (very high risk) |
| Holiday Inn Express | 5 | $5.8M | 20.0% (very high risk) |
| Howard Johnson | 5 | $4.0M | 0.0% (low risk) |
| The Goddard School | 5 | $8.3M | N/A |
| Holiday Inn/Holiday Inn & Suit | 5 | $16.0M | N/A |
| Holiday Inn | 4 | $12.3M | 0.0% (low risk) |
| Ramada Inn | 4 | $4.6M | 0.0% (low risk) |
| Best Western Inn | 4 | $4.6M | 0.0% (low risk) |
| Comfort Inn | 4 | $7.0M | 66.7% (very high risk) |
| Quality Inn | 4 | $3.9M | 33.3% (very high risk) |
| Hampton Inn | 4 | $13.8M | N/A |
| Napa AutoCare Program Membersh | 4 | $3.0M | N/A |
Lending volume by year
1'92
4
2
5
1
2'98
7
3
3
6
2'03
8
9
7
17
15'08
8
16
20
8
14'13
12
17
16
11
14'18
14
13
17
29
21'23
20
22
1'26
Geographic coverage
Portfolio summary
Total funded$486.7M
Defaults17 of 365
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%).