NS
SBA 504 certified development company
Nevada State Development Corporation
- Total loans
- 90
- Loan volume
- $88.7M
- Avg loan size
- $986K
- Charge-off rate
- 25.4%
- vs 13.3% national avg
Defaults
14
Franchises funded
73
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Comfort Inn | 3 | $4.8M | 33.3% (very high risk) |
| Re/Max Realty | 3 | $2.5M | 33.3% (very high risk) |
| Meineke Car Care | 3 | $697K | 0.0% (low risk) |
| Servpro | 3 | $1.2M | 0.0% (low risk) |
| Big O Tires | 2 | $799K | 0.0% (low risk) |
| Arco (gas Station) | 2 | $890K | 0.0% (low risk) |
| Holiday Inn Express | 2 | $3.9M | 0.0% (low risk) |
| Travelodge | 2 | $2.1M | 0.0% (low risk) |
| Kids R Kids | 2 | $2.4M | 0.0% (low risk) |
| Hampton Inns | 2 | $3.9M | 0.0% (low risk) |
| Slim Chicken's | 2 | $2.2M | N/A |
| Chevron (gas Station) | 2 | $2.4M | 0.0% (low risk) |
| Arby's | 2 | $1.7M | 0.0% (low risk) |
| Sign-A-Rama | 1 | $171K | N/A |
| The Intelligent Office | 1 | $1.5M | 0.0% (low risk) |
| Realty World | 1 | $742K | 100.0% (very high risk) |
| Days Inn | 1 | $674K | N/A |
| All Tune And Lube | 1 | $175K | 0.0% (low risk) |
| Amerihost Inn | 1 | $1.6M | 100.0% (very high risk) |
| Chester Fried Chicken | 1 | $645K | 100.0% (very high risk) |
Lending volume by year
2'92
1
1
1
2
2'02
2
2
6
6
7'07
5
1
2
2
4'12
5
2
5
1
7'17
1
3
5
6
3'23
4
2'26
Geographic coverage
Nevada
9025.5% (very high risk)
Portfolio summary
Total funded$88.7M
Defaults14 of 90
Risk tierCRITICAL
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%).