FB
SBA 504 certified development company
Florida Business Development Corporation
- Total loans
- 605
- Loan volume
- $728.0M
- Avg loan size
- $1.2M
- Charge-off rate
- 15.8%
- vs 13.3% national avg
Defaults
52
Franchises funded
278
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 25 | $14.9M | 4.3% (low risk) |
| Zaxby's | 22 | $14.5M | 0.0% (low risk) |
| Choice Hotels International In | 12 | $11.9M | 27.3% (very high risk) |
| Days Inn | 10 | $10.7M | 44.4% (very high risk) |
| Culver's ButterBurgers & Froze | 9 | $14.3M | N/A |
| Ace Hardware | 8 | $6.3M | 14.3% (elevated risk) |
| Kids R Kids | 8 | $13.2M | 0.0% (low risk) |
| Huddle House | 8 | $2.3M | 75.0% (very high risk) |
| Comfort Inn | 8 | $8.0M | 25.0% (very high risk) |
| Holiday Inn Express | 8 | $12.0M | 50.0% (very high risk) |
| State Farm Insurance | 8 | $1.6M | 0.0% (low risk) |
| Holiday Inn Express/Holiday In | 8 | $30.5M | N/A |
| Hampton Inns | 7 | $15.2M | 16.7% (high risk) |
| Dunkin Donuts | 7 | $2.9M | 0.0% (low risk) |
| Hampton Inn | 7 | $28.0M | N/A |
| Days Inn by Wyndham | 7 | $10.0M | N/A |
| Dairy Queen Grill & Chill/Texa | 7 | $4.5M | 0.0% (low risk) |
| Discovery Point | 6 | $6.1M | 0.0% (low risk) |
| Burger King | 6 | $2.9M | 0.0% (low risk) |
| Primrose Schools | 6 | $8.6M | 0.0% (low risk) |
Lending volume by year
1'92
2
4
2
1
1'99
1
3
3
3
4'04
8
17
29
30
28'09
40
22
57
42
27'14
17
23
22
20
18'19
20
27
37
34
19'24
34
9'26
Geographic coverage
Florida
37813.3% (elevated risk)
Georgia
15325.3% (very high risk)
Alabama
6910.3% (elevated risk)
Mississippi
20.0% (low risk)
Louisiana
1N/A
South Carolina
1N/A
Tennessee
1N/A
Portfolio summary
Total funded$728.0M
Defaults52 of 605
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%).