NV
SBA 504 certified development company
New Ventures Capital Development Corporation
- Total loans
- 10
- Loan volume
- $6.0M
- Avg loan size
- $605K
- Charge-off rate
- 40.0%
- vs 13.3% national avg
Defaults
4
Franchises funded
7
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Turtle Stop | 4 | $1.9M | 25.0% (very high risk) |
| Best Western Inn | 1 | $1.2M | 100.0% (very high risk) |
| All Tune And Lube | 1 | $289K | 0.0% (low risk) |
| Burger King | 1 | $237K | 0.0% (low risk) |
| Super 8 Motel | 1 | $1.3M | 100.0% (very high risk) |
| Goo Goo 3 Minute Car Wash | 1 | $767K | 100.0% (very high risk) |
| Super Wash | 1 | $306K | 0.0% (low risk) |
Lending volume by year
4'93
2'94
2'05
1'06
1'08
Geographic coverage
Nevada
944.4% (very high risk)
California
10.0% (low risk)
Portfolio summary
Total funded$6.0M
Defaults4 of 10
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%).