PP
SBA 504 certified development company
Pikes Peak Regional Development Corporation
- Total loans
- 102
- Loan volume
- $102.7M
- Avg loan size
- $1.0M
- Charge-off rate
- 17.9%
- vs 13.3% national avg
Defaults
14
Franchises funded
75
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Choice Hotels International In | 4 | $5.7M | 0.0% (low risk) |
| Big O Tires | 4 | $1.7M | 0.0% (low risk) |
| Super 8 Motel | 4 | $2.4M | 0.0% (low risk) |
| Comfort Inn | 3 | $4.2M | 0.0% (low risk) |
| Temporary Franchises | 3 | $944K | 50.0% (very high risk) |
| Conoco Service Station | 2 | $1.0M | 50.0% (very high risk) |
| Quality Inn | 2 | $988K | 50.0% (very high risk) |
| Days Inn | 2 | $1.7M | 0.0% (low risk) |
| Holiday Inn Express | 2 | $2.7M | 0.0% (low risk) |
| Ramada Inn | 2 | $2.3M | 50.0% (very high risk) |
| Best Western Inn | 2 | $2.2M | 50.0% (very high risk) |
| Econo Lodge Motel | 2 | $997K | 0.0% (low risk) |
| MAACO Auto Painting Center | 2 | $730K | 0.0% (low risk) |
| Hampton Inns | 2 | $4.1M | 0.0% (low risk) |
| Sinclair Service Station | 2 | $737K | 0.0% (low risk) |
| Snap Fitness | 2 | $1.4M | 0.0% (low risk) |
| IHOP | 2 | $1.2M | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 2 | $4.1M | N/A |
| Best Western - Membership Agre | 2 | $5.3M | N/A |
| Villager Lodge | 1 | $1.1M | 100.0% (very high risk) |
Lending volume by year
1'92
3
4
1
1
6'98
3
2
1
4
5'03
1
4
7
7
3'08
1
5
2
7
6'13
3
1
9
3
1'19
4
1
4
1
1'26
Geographic coverage
Colorado
10217.9% (high risk)
Portfolio summary
Total funded$102.7M
Defaults14 of 102
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%).