HA
SBA 504 certified development company
Houston-Galveston Area Local Development Corporation
- Total loans
- 133
- Loan volume
- $128.8M
- Avg loan size
- $968K
- Charge-off rate
- 20.0%
- vs 13.3% national avg
Defaults
24
Franchises funded
61
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 13 | $17.1M | 15.4% (high risk) |
| Best Western Inn | 9 | $8.7M | 33.3% (very high risk) |
| Comfort Inn | 6 | $7.0M | 0.0% (low risk) |
| La Quinta Inn | 5 | $6.1M | 75.0% (very high risk) |
| Super 8 Motel | 5 | $3.7M | 0.0% (low risk) |
| Denny's Restaurant | 5 | $3.1M | 0.0% (low risk) |
| Days Inn | 5 | $5.2M | 50.0% (very high risk) |
| Quality Inn | 4 | $4.2M | 25.0% (very high risk) |
| Children's Lighthouse | 4 | $3.0M | 0.0% (low risk) |
| Baymont Inns & Suites | 4 | $4.2M | 0.0% (low risk) |
| Hampton Inns | 3 | $4.3M | 0.0% (low risk) |
| Choice Hotels International In | 3 | $3.2M | 33.3% (very high risk) |
| MAACO Auto Painting Center | 3 | $960K | 33.3% (very high risk) |
| Kids R Kids | 3 | $2.1M | 0.0% (low risk) |
| Ramada Inn | 3 | $4.5M | 0.0% (low risk) |
| Comfort Suites | 2 | $2.5M | 50.0% (very high risk) |
| Re/Max Realty | 2 | $496K | 0.0% (low risk) |
| Candlewood Suites | 2 | $3.7M | 0.0% (low risk) |
| Exxon | 2 | $1.8M | 0.0% (low risk) |
| Citgo Service Station | 2 | $1.5M | 0.0% (low risk) |
Lending volume by year
2'95
2
1
1
1
1'00
3
8
9
5
12'05
16
21
25
13
4'10
1
3
2
1
1'20
1'23
Geographic coverage
Texas
13320.0% (very high risk)
Portfolio summary
Total funded$128.8M
Defaults24 of 133
Risk tierCRITICAL
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%).