RC
SBA 504 certified development company
Racine County Economic Development Corporation
- Total loans
- 34
- Loan volume
- $29.7M
- Avg loan size
- $873K
- Charge-off rate
- 5.0%
- vs 13.3% national avg
Defaults
1
Franchises funded
27
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 4 | $2.9M | 0.0% (low risk) |
| Culver's Frozen Custard | 3 | $1.2M | 0.0% (low risk) |
| Americinn | 2 | $807K | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 2 | $3.3M | N/A |
| Jellystone Park & Campgrounds | 1 | $364K | 100.0% (very high risk) |
| Dairy Queen | 1 | $149K | 0.0% (low risk) |
| Comfort Inn | 1 | $861K | 0.0% (low risk) |
| Avis Rent-A-Car | 1 | $619K | N/A |
| Ameriprise Financial Services | 1 | $164K | 0.0% (low risk) |
| True Value Company LLC - Membe | 1 | $668K | N/A |
| Verlo Mattress | 1 | $205K | N/A |
| Best Western Inn | 1 | $335K | N/A |
| A&w | 1 | $542K | 0.0% (low risk) |
| La Quinta by Wyndham a.k.a. La | 1 | $2.1M | N/A |
| Primrose Schools | 1 | $2.4M | N/A |
| Subway Sandwich Shop | 1 | $252K | 0.0% (low risk) |
| Scooter's Coffee | 1 | $700K | N/A |
| Popeyes Louisiana Kitchen | 1 | $861K | 0.0% (low risk) |
| Super 8 | 1 | $1.1M | 0.0% (low risk) |
| Dairy Queen Operating Agreemen | 1 | $1.2M | N/A |
Lending volume by year
1'97
2'98
1'00
1'03
1'07
1'08
3'09
2'10
1'12
4'13
2'14
2'17
1'19
3'20
3'21
3'22
3'23
Geographic coverage
Wisconsin
345.0% (moderate risk)
Portfolio summary
Total funded$29.7M
Defaults1 of 34
Risk tierGOOD
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%).