ME
SBA 504 certified development company
Mentor Economic Assistance Corporation
- Total loans
- 6
- Loan volume
- $3.4M
- Avg loan size
- $560K
- Charge-off rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
5
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dunkin Donuts | 2 | $1.1M | N/A |
| Holiday Inn Express | 1 | $705K | 0.0% (low risk) |
| Dairy Queen | 1 | $494K | 0.0% (low risk) |
| Super 8 Motel | 1 | $594K | 0.0% (low risk) |
| Dunkin' Donuts | 1 | $475K | N/A |
Lending volume by year
1'02
1'03
1'04
1'11
1'12
1'13
Geographic coverage
Ohio
60.0% (low risk)
Portfolio summary
Total funded$3.4M
Defaults0 of 6
Risk tierEXCELLENT
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%).