IB
SBA 504 certified development company
Iowa Business Growth Company
- Total loans
- 137
- Loan volume
- $96.7M
- Avg loan size
- $706K
- Charge-off rate
- 12.2%
- vs 13.3% national avg
Defaults
11
Franchises funded
78
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Super 8 Motel | 13 | $5.6M | 0.0% (low risk) |
| Pizza Ranch | 8 | $3.5M | 0.0% (low risk) |
| Culver's Frozen Custard | 7 | $4.3M | 0.0% (low risk) |
| Americinn | 5 | $4.1M | 0.0% (low risk) |
| Temporary Franchises | 5 | $1.9M | 0.0% (low risk) |
| Dairy Queen | 4 | $1.0M | 0.0% (low risk) |
| Days Inn | 4 | $2.9M | 33.3% (very high risk) |
| Pizza Ranch | 4 | $3.0M | N/A |
| Popeyes Louisiana Kitchen | 4 | $2.1M | N/A |
| Ramada Inn | 3 | $2.0M | 33.3% (very high risk) |
| Medicap Pharmacy | 3 | $485K | 0.0% (low risk) |
| Subway | 3 | $636K | 0.0% (low risk) |
| Quality Inn | 2 | $1.7M | 0.0% (low risk) |
| Taco John's | 2 | $791K | 0.0% (low risk) |
| Do It Best Hardware | 2 | $505K | 0.0% (low risk) |
| Remax | 2 | $282K | 50.0% (very high risk) |
| Boarders Inn & Suites by Cobbl | 2 | $931K | 0.0% (low risk) |
| Steak n Shake By Biglari | 2 | $2.2M | N/A |
| Best Western - Membership Agre | 2 | $6.0M | N/A |
| Circle K (C-store Agreement on | 2 | $1.7M | 100.0% (very high risk) |
Lending volume by year
3'92
2
2
4
6
4'97
10
3
2
1
1'02
1
2
4
3
12'07
6
3
10
6
4'12
3
1
1
4
2'17
4
1
4
6
11'22
2
3
6'25
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%).