MB
SBA 504 certified development company
Minnesota Business Finance Corporation
- Total loans
- 323
- Loan volume
- $212.7M
- Avg loan size
- $659K
- Charge-off rate
- 9.3%
- vs 13.3% national avg
Defaults
19
Franchises funded
153
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Americinn | 22 | $17.7M | 5.3% (moderate risk) |
| Super 8 Motel | 12 | $5.0M | 8.3% (moderate risk) |
| Dairy Queen | 10 | $2.3M | 33.3% (very high risk) |
| Days Inn | 10 | $6.4M | 14.3% (elevated risk) |
| Taco John's | 9 | $2.7M | 0.0% (low risk) |
| Pizza Ranch | 9 | $2.6M | 0.0% (low risk) |
| Subway Sandwich Shop | 8 | $2.4M | 0.0% (low risk) |
| Holiday Inn Express | 7 | $10.7M | 0.0% (low risk) |
| Temporary Franchises | 7 | $6.4M | 16.7% (high risk) |
| Snap Fitness | 5 | $1.5M | 0.0% (low risk) |
| Comfort/ Comfort Inn & Suites/ | 5 | $7.9M | 0.0% (low risk) |
| Choice Hotels International In | 4 | $5.0M | 0.0% (low risk) |
| Country Inn | 4 | $2.7M | 25.0% (very high risk) |
| Econo Lodge Motel | 4 | $1.3M | 25.0% (very high risk) |
| Sears Catalog Store | 4 | $1.2M | 75.0% (very high risk) |
| Ace Hardware | 4 | $2.2M | 0.0% (low risk) |
| Comfort Inn | 4 | $2.7M | 0.0% (low risk) |
| AmericInn by Wyndham | 4 | $5.3M | N/A |
| Honest-1 Auto Care | 4 | $1.5M | 0.0% (low risk) |
| Dairy Queen Operating Agreemen | 4 | $3.4M | N/A |
Lending volume by year
3'92
4
7
13
12
8'97
11
4
2
3
2'02
3
2
11
9
10'07
16
9
14
19
16'12
15
11
17
16
14'17
5
13
10
7
15'22
5
5
10
2'26
Geographic coverage
Minnesota
3009.8% (moderate risk)
South Dakota
110.0% (low risk)
North Dakota
7N/A
Wisconsin
40.0% (low risk)
Iowa
1N/A
Portfolio summary
Total funded$212.7M
Defaults19 of 323
Risk tierGOOD
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%).