OS
SBA 504 certified development company
Ocean State Business Development Authority
- Total loans
- 28
- Loan volume
- $24.7M
- Avg loan size
- $881K
- Charge-off rate
- 10.5%
- vs 13.3% national avg
Defaults
2
Franchises funded
25
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 2 | $2.7M | 0.0% (low risk) |
| Travelodge | 2 | $1.9M | 0.0% (low risk) |
| Comfort Inn | 2 | $2.1M | 50.0% (very high risk) |
| Culligan Soft Water Service | 1 | $261K | 0.0% (low risk) |
| Dunkin Donuts | 1 | $494K | 0.0% (low risk) |
| NAPA Auto Parts | 1 | $241K | 0.0% (low risk) |
| Fairfield Inn | 1 | $1.0M | 0.0% (low risk) |
| Wendy's | 1 | $465K | 0.0% (low risk) |
| Bath Fitters Franchising, Inc. | 1 | $173K | 0.0% (low risk) |
| Holiday Inn Express | 1 | $1.6M | 100.0% (very high risk) |
| Agway | 1 | $151K | 0.0% (low risk) |
| International House Of Pancake | 1 | $542K | N/A |
| True Value Company LLC - Membe | 1 | $180K | N/A |
| Marriott Hotel | 1 | $3.1M | 0.0% (low risk) |
| Ford Motor Company Dealer Sale | 1 | $2.2M | N/A |
| Super 8 by Wyndhan | 1 | $728K | 0.0% (low risk) |
| Exxon-Mobil Oil Corporation - | 1 | $2.0M | N/A |
| Irving Oil Marketing, Inc - De | 1 | $522K | N/A |
| Sunoco Service Station | 1 | $325K | 0.0% (low risk) |
| IHOP | 1 | $555K | N/A |
Lending volume by year
1'94
3'95
1'96
1'97
1'99
3'02
1'03
1'04
1'06
1'08
1'10
2'12
1'16
2'17
2'18
1'19
2'20
1'22
2'23
Geographic coverage
Portfolio summary
Total funded$24.7M
Defaults2 of 28
Risk tierAVERAGE
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%).