IB
SBA 504 certified development company
Illinois Business Financial Services
- Total loans
- 33
- Loan volume
- $35.5M
- Avg loan size
- $1.1M
- Charge-off rate
- 24.0%
- vs 13.3% national avg
Defaults
6
Franchises funded
26
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 3 | $6.3M | 33.3% (very high risk) |
| Temporary Franchises | 3 | $1.3M | 66.7% (very high risk) |
| Wendy's | 2 | $570K | 0.0% (low risk) |
| Holiday Inn | 2 | $6.9M | 50.0% (very high risk) |
| La Quinta Inn | 2 | $3.4M | N/A |
| Super 8 Motel | 1 | $438K | 0.0% (low risk) |
| Country Inn | 1 | $651K | 0.0% (low risk) |
| Comfort Inn | 1 | $1.6M | 0.0% (low risk) |
| Signs Now | 1 | $164K | 0.0% (low risk) |
| Maid-Rite Sandwich Shop | 1 | $164K | 100.0% (very high risk) |
| Motel 6 Operating Lp | 1 | $418K | 0.0% (low risk) |
| Country Inns & Suites | 1 | $1.9M | 0.0% (low risk) |
| Aaron Rental Purchase | 1 | $212K | 0.0% (low risk) |
| Sheraton Inn | 1 | $5.0M | 100.0% (very high risk) |
| Gold's Gym | 1 | $758K | N/A |
| Taco Bell | 1 | $601K | N/A |
| Budget Host Super 7 Motel | 1 | $149K | 0.0% (low risk) |
| Travelodge | 1 | $647K | 0.0% (low risk) |
| Culver's Frozen Custard | 1 | $647K | 0.0% (low risk) |
| Spring-Green Lawn Care | 1 | $140K | N/A |
Lending volume by year
1'94
1'95
1'00
1'03
2'05
3'07
1'08
2'10
8'11
5'12
2'13
2'14
2'16
1'18
1'22
Geographic coverage
Illinois
3324.0% (very high risk)
Portfolio summary
Total funded$35.5M
Defaults6 of 33
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%).