NT
SBA 504 certified development company
North Texas Certified Development Corporation
- Total loans
- 239
- Loan volume
- $302.4M
- Avg loan size
- $1.3M
- Charge-off rate
- 25.6%
- vs 13.3% national avg
Defaults
43
Franchises funded
118
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 19 | $28.6M | 36.8% (very high risk) |
| La Quinta Inn | 17 | $29.5M | 53.3% (very high risk) |
| Best Western Inn | 15 | $14.0M | 15.4% (high risk) |
| Comfort Inn | 8 | $9.7M | 50.0% (very high risk) |
| Hampton Inns | 7 | $10.8M | 33.3% (very high risk) |
| Golden Chick | 7 | $5.4M | 0.0% (low risk) |
| Choice Hotels International In | 6 | $6.6M | 66.7% (very high risk) |
| Super 8 Motel | 6 | $4.3M | 40.0% (very high risk) |
| Holiday Inn | 5 | $8.4M | 0.0% (low risk) |
| Kwik Kar Oil & Lube | 4 | $2.2M | 0.0% (low risk) |
| Chicken Express | 4 | $1.9M | 0.0% (low risk) |
| Primrose Schools | 4 | $6.4M | 0.0% (low risk) |
| Days Inn | 3 | $2.6M | 66.7% (very high risk) |
| Candlewood Suites | 3 | $6.2M | 0.0% (low risk) |
| La Quinta by Wyndham a.k.a. La | 3 | $6.6M | 0.0% (low risk) |
| Holiday Inn Express/Holiday In | 3 | $8.8M | 0.0% (low risk) |
| Phillips 66 | 2 | $1.9M | 100.0% (very high risk) |
| Comfort Suites | 2 | $3.7M | 0.0% (low risk) |
| Bush's Chicken | 2 | $781K | 0.0% (low risk) |
| Exxon | 2 | $1.4M | 0.0% (low risk) |
Lending volume by year
1'92
3
1
6
5
4'98
4
4
5
3
6'03
4
4
18
21
22'08
9
9
12
10
15'13
9
8
9
1
7'18
6
4
9
6
3'23
4
6
1'26
Geographic coverage
Texas
23925.6% (very high risk)
Portfolio summary
Total funded$302.4M
Defaults43 of 239
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%).