IS
SBA 504 certified development company
Indiana Statewide Certified Development Corporation
- Total loans
- 205
- Loan volume
- $156.4M
- Avg loan size
- $763K
- Charge-off rate
- 21.9%
- vs 13.3% national avg
Defaults
34
Franchises funded
108
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Super 8 Motel | 13 | $7.9M | 30.8% (very high risk) |
| Holiday Inn Express | 12 | $13.3M | 0.0% (low risk) |
| Comfort Inn | 8 | $6.2M | 12.5% (elevated risk) |
| Taco Bell | 7 | $1.6M | 0.0% (low risk) |
| Temporary Franchises | 7 | $6.5M | 0.0% (low risk) |
| Dairy Queen | 6 | $1.8M | 0.0% (low risk) |
| Days Inn | 6 | $4.3M | 40.0% (very high risk) |
| Ritter's Frozen Custard | 5 | $1.2M | 40.0% (very high risk) |
| Best Western Inn | 5 | $4.4M | 50.0% (very high risk) |
| Ramada Inn | 5 | $5.0M | 80.0% (very high risk) |
| Zaxby's | 5 | $2.3M | 0.0% (low risk) |
| Choice Hotels International In | 4 | $3.7M | 25.0% (very high risk) |
| Culver's Frozen Custard | 3 | $2.0M | 0.0% (low risk) |
| Holiday Inn | 3 | $2.3M | 33.3% (very high risk) |
| Hampton Inns | 3 | $4.1M | 0.0% (low risk) |
| Citgo Service Station | 2 | $881K | 50.0% (very high risk) |
| Marathon Oil Company | 2 | $917K | 0.0% (low risk) |
| Primrose School (daycare) | 2 | $2.2M | 0.0% (low risk) |
| Save - A - Lot | 2 | $565K | 0.0% (low risk) |
| La Quinta Inn | 2 | $3.2M | 0.0% (low risk) |
Lending volume by year
4'92
4
7
13
7
8'97
1
7
3
13
8'02
9
5
4
10
10'07
8
6
11
8
6'12
3
5
4
6
3'17
6
5
7
5
4'22
2
2
1'26
Geographic coverage
Indiana
20521.9% (very high risk)
Portfolio summary
Total funded$156.4M
Defaults34 of 205
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%).