HL
SBA 504 certified development company
HEDCO Local Development Corporation
- Total loans
- 18
- Loan volume
- $9.4M
- Avg loan size
- $524K
- Charge-off rate
- 9.1%
- vs 13.3% national avg
Defaults
1
Franchises funded
13
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 4 | $2.2M | 0.0% (low risk) |
| Chevron (gas Station) | 2 | $460K | 0.0% (low risk) |
| Century 21 | 2 | $638K | 0.0% (low risk) |
| American Car Care Center | 1 | $996K | N/A |
| Chuck E. Cheese (show Biz Pizz | 1 | $939K | 0.0% (low risk) |
| Jiffy Lube | 1 | $517K | 0.0% (low risk) |
| Texaco Service Station | 1 | $504K | 100.0% (very high risk) |
| Remax | 1 | $643K | 0.0% (low risk) |
| MD Cleaners LLC (License Agree | 1 | $661K | N/A |
| Allstate Insurance | 1 | $147K | 0.0% (low risk) |
| Popeye's Famous Fried Chicken | 1 | $406K | N/A |
| Midas | 1 | $1.3M | N/A |
| Windemere Northern Arizona Pro | 1 | $40K | 0.0% (low risk) |
Lending volume by year
1'95
2'96
1'05
2'06
1'07
1'09
2'11
2'12
2'13
1'15
1'17
1'18
1'22
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%).