NJ
SBA 504 certified development company
New Jersey Business Finance Corporation
- Total loans
- 24
- Loan volume
- $22.0M
- Avg loan size
- $919K
- Charge-off rate
- 25.0%
- vs 13.3% national avg
Defaults
6
Franchises funded
18
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ramada Inn | 4 | $4.3M | 0.0% (low risk) |
| Goddard Early Learning Center | 2 | $1.1M | 100.0% (very high risk) |
| Comfort Suites | 2 | $2.3M | 50.0% (very high risk) |
| Holiday Inn Express | 2 | $2.1M | 50.0% (very high risk) |
| Choice Hotels International In | 1 | $1.8M | 100.0% (very high risk) |
| Holiday Inn | 1 | $100K | 0.0% (low risk) |
| Taylor Rental Center | 1 | $365K | 0.0% (low risk) |
| Fairfield Inn | 1 | $1.9M | 0.0% (low risk) |
| Dunkin Donuts | 1 | $531K | 0.0% (low risk) |
| Wellesley Inn | 1 | $100K | 0.0% (low risk) |
| Burger King | 1 | $648K | 0.0% (low risk) |
| Best Western Inn | 1 | $2.0M | 0.0% (low risk) |
| Lee Myles Automotive Transmiss | 1 | $350K | 0.0% (low risk) |
| Sleep Inn Motel | 1 | $1.4M | 0.0% (low risk) |
| Checkers Drive-In Restaurant | 1 | $256K | 0.0% (low risk) |
| Super 8 Motel | 1 | $491K | 0.0% (low risk) |
| Knights Inn | 1 | $879K | 100.0% (very high risk) |
| Golden Corral (restaurant) | 1 | $1.4M | 0.0% (low risk) |
Lending volume by year
2'96
4'00
1'01
2'03
1'04
7'05
1'07
1'08
3'09
2'11
Geographic coverage
New Jersey
2425.0% (very high risk)
Portfolio summary
Total funded$22.0M
Defaults6 of 24
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%).