GE
SBA 504 certified development company
Greater East Texas Certified Development Company
- Total loans
- 158
- Loan volume
- $197.2M
- Avg loan size
- $1.2M
- Charge-off rate
- 15.3%
- vs 13.3% national avg
Defaults
15
Franchises funded
102
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Kwik Kar Oil & Lube | 11 | $7.1M | 11.1% (elevated risk) |
| Temporary Franchises | 10 | $10.6M | 0.0% (low risk) |
| Chicken Express | 6 | $3.8M | 0.0% (low risk) |
| Bush's Chicken | 4 | $2.4M | 0.0% (low risk) |
| Dairy Queen | 4 | $3.3M | 0.0% (low risk) |
| Hampton Inns | 4 | $8.9M | 0.0% (low risk) |
| Comfort Inn | 3 | $3.4M | 50.0% (very high risk) |
| Denny's Restaurant | 3 | $3.1M | 0.0% (low risk) |
| Holiday Inn Express | 3 | $7.2M | 100.0% (very high risk) |
| Dairy Queen Grill & Chill/Texa | 3 | $3.2M | 0.0% (low risk) |
| Kiddie Academy | 3 | $9.2M | N/A |
| Popeye's Famous Fried Chicken | 2 | $1.4M | 50.0% (very high risk) |
| Dickey's Barbeque | 2 | $1.7M | 50.0% (very high risk) |
| Best Western Inn | 2 | $1.7M | 0.0% (low risk) |
| Captain D's | 2 | $1.3M | 100.0% (very high risk) |
| Ramada Inn | 2 | $1.3M | 50.0% (very high risk) |
| The Goddard School | 2 | $4.2M | N/A |
| Schlotzsky's | 2 | $1.5M | N/A |
| Chicken Express | 2 | $1.5M | N/A |
| Fairfield by Marriott/Fairfiel | 2 | $5.9M | 0.0% (low risk) |
Lending volume by year
1'96
1
1
1
1
6'04
3
6
1
3
4'09
16
21
19
17
6'14
4
3
4
4
6'19
4
7
6
5
5'24
2
1'26
Geographic coverage
Texas
15815.3% (high risk)
Portfolio summary
Total funded$197.2M
Defaults15 of 158
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%).