LA
SBA 504 certified development company
Lake Agassiz Certified Development Company
- Total loans
- 11
- Loan volume
- $9.6M
- Avg loan size
- $877K
- Default rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
10
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 2 | $2.0M | 0.0% |
| Travel Travel | 1 | $713K | 0.0% |
| Health Mart Inc. | 1 | $158K | 0.0% |
| Baymont Inn & Suites | 1 | $2.3M | 0.0% |
| Gradient Advisors - Investmen | 1 | $181K | — |
| Candlewood Suites | 1 | $2.3M | — |
| Signarama | 1 | $158K | 0.0% |
| AmericInn by Wyndham | 1 | $468K | — |
| Motel 6 | 1 | $419K | — |
| ATA International (License Agr | 1 | $887K | — |
Lending volume by year
1'09
1'11
2'12
1'13
1'14
2'16
1'20
1'21
1'26
Geographic coverage
North Dakota
110.0%
Portfolio summary
Total funded$9.6M
Defaults0 of 11
Risk tierEXCELLENT
Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).