NE
SBA 504 certified development company
New England Certified Development Corporation
- Total loans
- 97
- Loan volume
- $129.4M
- Avg loan size
- $1.3M
- Charge-off rate
- 9.1%
- vs 13.3% national avg
Defaults
3
Franchises funded
75
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Best Western Inn | 4 | $5.9M | 0.0% (low risk) |
| Temporary Franchises | 4 | $2.1M | 0.0% (low risk) |
| Subway Sandwich Shop | 4 | $812K | 0.0% (low risk) |
| Servpro | 3 | $1.3M | 0.0% (low risk) |
| Napa AutoCare Program Membersh | 3 | $1.1M | N/A |
| Howard Johnson | 2 | $1.2M | 100.0% (very high risk) |
| Ace Hardware | 2 | $1.8M | 0.0% (low risk) |
| Homewood Suites by Hilton | 2 | $10.5M | N/A |
| Comfort Inn by Choice Hotels/C | 2 | $4.5M | N/A |
| Keller Williams Market Center | 2 | $2.3M | N/A |
| Ford Motor Company Dealer Sale | 2 | $6.1M | N/A |
| Home2 Suites by Hilton | 2 | $8.7M | N/A |
| Do It Best Hardware | 2 | $941K | 0.0% (low risk) |
| Holiday Inn Express/Holiday In | 2 | $8.6M | N/A |
| Dunkin Donuts | 1 | $388K | 0.0% (low risk) |
| Bath Fitters Franchising, Inc. | 1 | $339K | 0.0% (low risk) |
| Right At Home | 1 | $350K | 0.0% (low risk) |
| Comfort Inn | 1 | $1.2M | 100.0% (very high risk) |
| Century 21 | 1 | $537K | 100.0% (very high risk) |
| Valvoline Instant Oil Change | 1 | $227K | 0.0% (low risk) |
Lending volume by year
1'95
1
1
1
1
3'04
1
2
1
3
3'10
6
5
3
1
7'15
3
1
7
9
3'20
7
4
10
4
7'25
2'26
Geographic coverage
Massachusetts
400.0% (low risk)
Connecticut
3925.0% (very high risk)
Rhode Island
120.0% (low risk)
New Hampshire
40.0% (low risk)
Maine
1N/A
Vermont
10.0% (low risk)
Portfolio summary
Total funded$129.4M
Defaults3 of 97
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%).