NO
SBA 504 certified development company
New Orleans Regional Business
- Total loans
- 26
- Loan volume
- $25.8M
- Avg loan size
- $994K
- Charge-off rate
- 45.8%
- vs 13.3% national avg
Defaults
11
Franchises funded
19
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Comfort Inn | 4 | $3.4M | 25.0% (very high risk) |
| Holiday Inn Express | 2 | $4.0M | 100.0% (very high risk) |
| Comfort Suites | 2 | $1.9M | 50.0% (very high risk) |
| La Quinta Inn | 2 | $2.2M | 100.0% (very high risk) |
| Sleep Inn Motel | 2 | $2.8M | 50.0% (very high risk) |
| Golden Corral (restaurant) | 1 | $660K | 0.0% (low risk) |
| Days Inn | 1 | $1.3M | 100.0% (very high risk) |
| Putt Putt Golf Course | 1 | $295K | 0.0% (low risk) |
| Clarion Inn & Suites | 1 | $1.0M | 0.0% (low risk) |
| Choice Hotels International In | 1 | $1.4M | 100.0% (very high risk) |
| Best Western Inn | 1 | $465K | 0.0% (low risk) |
| Quality Inn | 1 | $1.6M | 100.0% (very high risk) |
| Ramada Inn | 1 | $1.1M | 100.0% (very high risk) |
| Econo Lodge Motel | 1 | $681K | 0.0% (low risk) |
| Planet Beach | 1 | $550K | N/A |
| Ethan Allen | 1 | $1.1M | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $219K | 0.0% (low risk) |
| Zaxby's | 1 | $959K | N/A |
| Interim Healthcare | 1 | $299K | 0.0% (low risk) |
Lending volume by year
1'93
3'94
1'98
1'99
1'01
1'04
6'05
3'06
1'07
4'08
1'11
2'12
1'16
Geographic coverage
Louisiana
2645.8% (very high risk)
Portfolio summary
Total funded$25.8M
Defaults11 of 26
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%).