OS
SBA 504 certified development company
Ohio Statewide Development Corporation
- Total loans
- 79
- Loan volume
- $74.4M
- Avg loan size
- $942K
- Default rate
- 2.3%
- vs 13.3% national avg
Defaults
1
Franchises funded
62
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 3 | $4.7M | 0.0% |
| Iga Food Stores | 3 | $1.2M | 0.0% |
| Kiddie Academy | 3 | $1.6M | 0.0% |
| Buffalo Wild Wings (f/K/A Bw-3 | 3 | $3.2M | 0.0% |
| Kiddie Academy | 3 | $5.4M | — |
| Subway Sandwich Shop | 2 | $279K | 0.0% |
| Comfort Inn | 2 | $1.1M | 0.0% |
| Comfort Suites | 2 | $4.5M | 0.0% |
| Comfort Inn by Choice Hotels/C | 2 | $3.9M | — |
| Arby's | 2 | $1.1M | — |
| Crooked Pint Ale House | 2 | $1.7M | — |
| Temporary Franchises | 2 | $233K | 0.0% |
| Kentucky Fried Chicken | 1 | $452K | 0.0% |
| Volvo (dealers) | 1 | $660K | 0.0% |
| Crosswinds Restaurant | 1 | $759K | 0.0% |
| Damon's (ribs Restaurant) | 1 | $320K | 0.0% |
| Fricker's | 1 | $560K | 0.0% |
| Super 8 Motel | 1 | $823K | 0.0% |
| Hilton Inns | 1 | $1.3M | 0.0% |
| Culver's Frozen Custard | 1 | $596K | 0.0% |
Lending volume by year
1'96
1
2
1
1
7'06
3
6
4
3
5'11
6
4
4
2
4'17
2
4
2
5
6'22
2
2
2'25
Geographic coverage
Ohio
792.3%
Portfolio summary
Total funded$74.4M
Defaults1 of 79
Risk tierEXCELLENT
Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).