NO
SBA 504 certified development company
Northwest Ohio Development Assistance Corporation
- Total loans
- 19
- Loan volume
- $13.5M
- Avg loan size
- $709K
- Charge-off rate
- 15.4%
- vs 13.3% national avg
Defaults
2
Franchises funded
16
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Church's Fried Chicken | 2 | $506K | 50.0% (very high risk) |
| Days Inn | 2 | $1.3M | 0.0% (low risk) |
| Sonic | 2 | $707K | 0.0% (low risk) |
| Holiday Inn Express | 1 | $1.4M | 0.0% (low risk) |
| Paul Davis Restoration | 1 | $291K | 0.0% (low risk) |
| Servicemaster | 1 | $324K | 0.0% (low risk) |
| Dairy Queen | 1 | $521K | 100.0% (very high risk) |
| Arby's | 1 | $323K | N/A |
| Culver's Frozen Custard | 1 | $777K | 0.0% (low risk) |
| Hampton Inns | 1 | $2.4M | 0.0% (low risk) |
| Fastsigns | 1 | $266K | N/A |
| Holiday Inn Express/Holiday In | 1 | $2.8M | N/A |
| Comfort Suites | 1 | $1.0M | 0.0% (low risk) |
| Parisi Speed School | 1 | $248K | N/A |
| Honda Powersports Sales and Se | 1 | $284K | N/A |
| Visiting Angels | 1 | $412K | N/A |
Lending volume by year
1'97
2'01
1'06
2'07
1'08
1'09
3'10
1'11
1'12
1'13
1'18
2'19
1'22
1'25
Geographic coverage
Ohio
1915.4% (high risk)
Portfolio summary
Total funded$13.5M
Defaults2 of 19
Risk tierELEVATED
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%).