GS
SBA 504 certified development company
Granite State Economic Development Corporation
- Total loans
- 238
- Loan volume
- $212.5M
- Avg loan size
- $893K
- Charge-off rate
- 8.9%
- vs 13.3% national avg
Defaults
10
Franchises funded
147
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 15 | $6.0M | 23.1% (very high risk) |
| NAPA Auto Parts | 10 | $3.4M | 0.0% (low risk) |
| Aroma Joe's | 8 | $2.3M | N/A |
| Super 8 Motel | 6 | $3.5M | 16.7% (high risk) |
| Days Inn | 4 | $3.5M | 0.0% (low risk) |
| Choice Hotels International In | 4 | $4.9M | 0.0% (low risk) |
| Best Western Inn | 4 | $3.4M | 25.0% (very high risk) |
| Quality Inn by Choice Hotels / | 4 | $5.2M | 0.0% (low risk) |
| Summit Distributing LLC (Exxon | 4 | $1.2M | N/A |
| Fabian Oil, Inc. (Fabian Brand | 4 | $1.1M | 0.0% (low risk) |
| Tire Warehouse | 3 | $749K | 0.0% (low risk) |
| Hampton Inns | 3 | $7.8M | 0.0% (low risk) |
| Days Inn by Wyndham | 3 | $2.8M | N/A |
| SEI Fuel Services, Inc (Multi | 3 | $906K | 0.0% (low risk) |
| Dunkin Donuts | 2 | $1.1M | 0.0% (low risk) |
| Comfort Inn | 2 | $1.8M | 0.0% (low risk) |
| Econo Lodge Motel | 2 | $1.3M | 50.0% (very high risk) |
| Re/Max Realty | 2 | $923K | 0.0% (low risk) |
| Marriott Hotel | 2 | $5.5M | 0.0% (low risk) |
| Meineke Car Care | 2 | $506K | 0.0% (low risk) |
Lending volume by year
2'92
3
3
3
4
2'98
1
2
2
4
4'03
3
7
7
7
5'08
15
10
10
9
12'13
10
10
6
7
5'18
15
20
13
25
6'23
6'25
Geographic coverage
New Hampshire
976.6% (moderate risk)
Massachusetts
674.3% (low risk)
Maine
5515.0% (high risk)
Vermont
1528.6% (very high risk)
Connecticut
40.0% (low risk)
Portfolio summary
Total funded$212.5M
Defaults10 of 238
Risk tierGOOD
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%).