PB
SBA 504 certified development company
Provident Business Financial Services, Inc.
- Total loans
- 29
- Loan volume
- $51.3M
- Avg loan size
- $1.8M
- Default rate
- 10.0%
- vs 13.3% national avg
Defaults
1
Franchises funded
24
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Ace Hardware | 3 | $4.5M | — |
| Holiday Inn | 2 | $4.4M | 50.0% |
| Choice Hotels International In | 2 | $3.5M | 0.0% |
| Mellow Mushroom | 2 | $2.9M | 0.0% |
| Honda (dealers) | 1 | $1.5M | 0.0% |
| Golden Corral | 1 | $991K | — |
| Harley Davidson - Motor Cycle | 1 | $3.5M | — |
| Comfort Suites by Choice Hotel | 1 | $2.4M | — |
| ProColor Collision | 1 | $1.0M | — |
| Paul Davis Restoration | 1 | $503K | — |
| Home2 Suites by Hilton | 1 | $4.4M | — |
| Budget Blinds | 1 | $933K | — |
| Sleep Inn by Choice Hotels/Sle | 1 | $1.8M | — |
| PJ's Coffee of New Orleans | 1 | $522K | — |
| Anderson Oil Co., Inc. (BP/She | 1 | $1.2M | — |
| State Farm Insurance | 1 | $184K | 0.0% |
| Comfort Inn by Choice Hotels/C | 1 | $2.6M | 0.0% |
| Camp Bow Wow | 1 | $660K | — |
| Freddy's Frozen Custard & Stea | 1 | $843K | — |
| Jeremiah's Italian Ice | 1 | $507K | — |
Lending volume by year
2'08
1'10
2'12
1'13
1'14
1'17
2'19
3'20
5'21
2'22
1'23
4'24
4'25
Geographic coverage
South Carolina
2810.0%
Portfolio summary
Total funded$51.3M
Defaults1 of 29
Risk tierAVERAGE
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%).