EL
SBA 504 certified development company
Enchantment Land Certified Development Company
- Total loans
- 116
- Loan volume
- $97.5M
- Avg loan size
- $840K
- Charge-off rate
- 17.4%
- vs 13.3% national avg
Defaults
16
Franchises funded
57
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 12 | $18.0M | 0.0% (low risk) |
| Comfort Inn | 8 | $6.5M | 25.0% (very high risk) |
| Choice Hotels International In | 7 | $8.3M | 42.9% (very high risk) |
| Best Western Inn | 6 | $5.9M | 20.0% (very high risk) |
| Hampton Inns | 6 | $6.9M | 40.0% (very high risk) |
| Days Inn | 5 | $2.8M | 25.0% (very high risk) |
| Super 8 Motel | 4 | $2.0M | 0.0% (low risk) |
| La Quinta Inn | 4 | $5.2M | 0.0% (low risk) |
| Ramada Inn | 4 | $2.4M | 50.0% (very high risk) |
| Valero | 4 | $656K | 0.0% (low risk) |
| Quality Inn | 3 | $2.2M | 33.3% (very high risk) |
| Motel 6 | 2 | $2.2M | 0.0% (low risk) |
| Holiday Inn | 2 | $3.0M | 0.0% (low risk) |
| Fuddrucker's | 2 | $953K | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $343K | 50.0% (very high risk) |
| Travelodge | 2 | $1.1M | 0.0% (low risk) |
| Dairy Queen | 2 | $684K | 0.0% (low risk) |
| Comfort Inn by Choice Hotels/C | 2 | $3.4M | 0.0% (low risk) |
| Dunkin Donuts | 1 | $208K | 0.0% (low risk) |
| Bee Hive Homes Of America | 1 | $313K | 0.0% (low risk) |
Lending volume by year
4'93
3
8
4
1
6'98
2
3
3
3
6'03
5
10
15
6
4'08
2
6
6
5
1'13
1
1
1
1
3'19
1
2
3'22
Geographic coverage
Portfolio summary
Total funded$97.5M
Defaults16 of 116
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%).