ID
SBA 504 certified development company
Independent Development Services Corporation
- Total loans
- 67
- Loan volume
- $108.1M
- Avg loan size
- $1.6M
- Charge-off rate
- 20.0%
- vs 13.3% national avg
Defaults
7
Franchises funded
41
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Culver's ButterBurgers & Froze | 10 | $16.3M | N/A |
| Holiday Inn Express | 4 | $7.1M | 33.3% (very high risk) |
| Zaxby's | 4 | $5.0M | 0.0% (low risk) |
| Temporary Franchises | 3 | $814K | 0.0% (low risk) |
| Days Inn | 3 | $3.1M | 33.3% (very high risk) |
| Culver's | 3 | $3.4M | N/A |
| Arby's | 2 | $1.1M | 100.0% (very high risk) |
| Golden Corral (restaurant) | 2 | $1.1M | 50.0% (very high risk) |
| Boston's The Gourmet Pizza | 2 | $1.2M | 50.0% (very high risk) |
| Hampton Inns | 2 | $4.7M | 0.0% (low risk) |
| Zaxby's | 2 | $2.2M | 0.0% (low risk) |
| Children's Lighthouse | 1 | $733K | 0.0% (low risk) |
| Ramada Inn | 1 | $1.3M | 0.0% (low risk) |
| Shell Service Station | 1 | $769K | 0.0% (low risk) |
| Hawthorne Suites Franchising,i | 1 | $750K | 0.0% (low risk) |
| Friendly's | 1 | $170K | 100.0% (very high risk) |
| Discovery Point | 1 | $939K | 0.0% (low risk) |
| Denny's Restaurant | 1 | $736K | 0.0% (low risk) |
| Steak N Shake | 1 | $436K | 0.0% (low risk) |
| Crown Plaza Hotels & Resorts | 1 | $5.0M | N/A |
Lending volume by year
1'99
1
1
1
2
1'06
4
3
2
3
5'11
2
4
2
4
5'16
3
2
1
3
7'21
4
1
1
3
1'26
Geographic coverage
Portfolio summary
Total funded$108.1M
Defaults7 of 67
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%).