MA
SBA 504 certified development company
Metro Area Development Corporation
- Total loans
- 61
- Loan volume
- $54.2M
- Avg loan size
- $888K
- Charge-off rate
- 16.7%
- vs 13.3% national avg
Defaults
9
Franchises funded
37
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 5 | $8.1M | 25.0% (very high risk) |
| Dairy Queen Grill & Chill/Texa | 5 | $4.0M | 0.0% (low risk) |
| Days Inn | 4 | $2.6M | 0.0% (low risk) |
| Hampton Inns | 4 | $3.1M | 0.0% (low risk) |
| Sleep Inn Motel | 3 | $2.2M | 0.0% (low risk) |
| Amerihost Inn | 2 | $2.3M | 0.0% (low risk) |
| Holiday Inn Express | 2 | $1.6M | 0.0% (low risk) |
| Choice Hotels International In | 2 | $2.8M | 100.0% (very high risk) |
| Travelodge | 2 | $1.0M | 0.0% (low risk) |
| Super 8 Motel | 2 | $1.8M | 50.0% (very high risk) |
| Best Western Inn | 2 | $2.7M | 0.0% (low risk) |
| Steak N Shake | 2 | $1.0M | 0.0% (low risk) |
| Best Western - Membership Agre | 2 | $3.4M | 100.0% (very high risk) |
| Burger King | 1 | $290K | 0.0% (low risk) |
| Microtel | 1 | $577K | 0.0% (low risk) |
| Country Inn | 1 | $1.0M | 0.0% (low risk) |
| Assist 2 Sell Discount Realty | 1 | $110K | 0.0% (low risk) |
| Back Yard Burgers | 1 | $388K | 0.0% (low risk) |
| Ford Motor (dealers) | 1 | $187K | 100.0% (very high risk) |
| Lees Sandwiches | 1 | $575K | 0.0% (low risk) |
Lending volume by year
1'93
3
1
5
2
1'99
1
1
2
3
5'05
3
5
4
1
2'10
4
1
2
2
2'15
3
1
1
1
2'22
1
1'25
Geographic coverage
Oklahoma
6116.7% (high risk)
Portfolio summary
Total funded$54.2M
Defaults9 of 61
Risk tierELEVATED
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%).