OC
SBA 504 certified development company
Oakland County Business Finance Corporation
- Total loans
- 40
- Loan volume
- $18.4M
- Avg loan size
- $460K
- Charge-off rate
- 6.9%
- vs 13.3% national avg
Defaults
2
Franchises funded
28
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Culver's ButterBurgers & Froze | 4 | $3.0M | N/A |
| Arby's | 3 | $880K | 50.0% (very high risk) |
| Big Boy | 2 | $915K | 0.0% (low risk) |
| Sonic | 2 | $789K | 0.0% (low risk) |
| Super 8 Motel | 2 | $1.1M | 0.0% (low risk) |
| Johnstone Supply, Inc. | 2 | $572K | 0.0% (low risk) |
| Temporary Franchises | 2 | $392K | 0.0% (low risk) |
| True Value Hardware | 2 | $415K | 0.0% (low risk) |
| Culver's | 2 | $1.6M | N/A |
| Holiday Inn | 1 | $1.0M | 0.0% (low risk) |
| American Express Financial Adv | 1 | $249K | 0.0% (low risk) |
| Camp Bow Wow | 1 | $413K | 0.0% (low risk) |
| Del Taco | 1 | $571K | 0.0% (low risk) |
| Popeye's Famous Fried Chicken | 1 | $614K | 0.0% (low risk) |
| Wendy's | 1 | $647K | 0.0% (low risk) |
| Remax | 1 | $702K | 0.0% (low risk) |
| Chrysler | 1 | $730K | 0.0% (low risk) |
| Comfort Inn | 1 | $888K | 100.0% (very high risk) |
| Shell Service Station | 1 | $413K | 0.0% (low risk) |
| Kentucky Fried Chicken | 1 | $345K | N/A |
Lending volume by year
4'94
2'96
1'98
1'99
1'02
1'03
1'04
3'06
3'07
2'08
2'09
3'10
2'11
3'12
4'14
1'15
1'19
4'20
1'22
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%).