RE
SBA 504 certified development company
Rappahannock Economic Development Corporation
- Total loans
- 29
- Loan volume
- $40.7M
- Avg loan size
- $1.4M
- Charge-off rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
28
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| MAACO Auto Painting Center | 2 | $637K | 0.0% (low risk) |
| Meineke Car Care | 1 | $233K | 0.0% (low risk) |
| Logo's Bookstores | 1 | $208K | 0.0% (low risk) |
| Super 8 Motel | 1 | $722K | 0.0% (low risk) |
| Goodyear Tire | 1 | $299K | 0.0% (low risk) |
| Western Sizzlin Steak House | 1 | $887K | 0.0% (low risk) |
| Best Western Inn | 1 | $650K | 0.0% (low risk) |
| Holiday Inn Express | 1 | $788K | 0.0% (low risk) |
| Texaco Express Lube & Star Lub | 1 | $259K | 0.0% (low risk) |
| Goddard Early Learning Center | 1 | $824K | 0.0% (low risk) |
| Remax | 1 | $138K | 0.0% (low risk) |
| Hampton Inns | 1 | $1.0M | 0.0% (low risk) |
| Howard Johnson | 1 | $561K | 0.0% (low risk) |
| Mobil Oil (stations) | 1 | $646K | 0.0% (low risk) |
| Hampton Inn | 1 | $4.4M | N/A |
| Hilton Garden Inn | 1 | $4.8M | N/A |
| Polaris - Dealer Agreement | 1 | $788K | N/A |
| Dunkin' Donuts | 1 | $596K | 0.0% (low risk) |
| Layne's Chicken Fingers | 1 | $358K | N/A |
| Fairfield Inn/Inn & Suites | 1 | $2.0M | 0.0% (low risk) |
Lending volume by year
1'94
2'95
6'96
1'97
1'98
1'01
1'04
1'05
1'06
2'11
2'13
2'16
1'18
1'19
1'20
2'21
3'25
Geographic coverage
Virginia
290.0% (low risk)
Portfolio summary
Total funded$40.7M
Defaults0 of 29
Risk tierEXCELLENT
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%).