RI
SBA 504 certified development company
Region IV Development Corporation
- Total loans
- 33
- Loan volume
- $26.8M
- Avg loan size
- $811K
- Charge-off rate
- 12.0%
- vs 13.3% national avg
Defaults
3
Franchises funded
30
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Best Western Inn | 2 | $1.4M | 0.0% (low risk) |
| Americinn | 2 | $3.7M | 50.0% (very high risk) |
| Temporary Franchises | 2 | $3.4M | 0.0% (low risk) |
| Arctic Circle | 1 | $424K | N/A |
| Fairfield Inn | 1 | $1.6M | 0.0% (low risk) |
| Meineke Car Care | 1 | $167K | 0.0% (low risk) |
| Fiesta Ole, Inc. | 1 | $99K | 0.0% (low risk) |
| Wingate Inns | 1 | $2.0M | 100.0% (very high risk) |
| Gold's Gym | 1 | $856K | 0.0% (low risk) |
| AAMCO Transmissions | 1 | $85K | 0.0% (low risk) |
| Econo Lodge Motel | 1 | $483K | 0.0% (low risk) |
| A & W Restaurant | 1 | $728K | 100.0% (very high risk) |
| Phillips 66 | 1 | $301K | 0.0% (low risk) |
| Taco Time | 1 | $412K | N/A |
| Ace Hardware | 1 | $291K | 0.0% (low risk) |
| Kawasaki | 1 | $272K | 0.0% (low risk) |
| Golden Corral (restaurant) | 1 | $549K | 0.0% (low risk) |
| Batteries Plus | 1 | $297K | 0.0% (low risk) |
| Medicap Pharmacy | 1 | $271K | 0.0% (low risk) |
| Novus Glass | 1 | $172K | N/A |
Lending volume by year
2'96
1'97
1'98
2'02
2'03
1'04
1'05
4'06
3'07
1'09
4'11
2'12
2'13
2'15
1'18
1'20
1'21
1'22
1'25
Geographic coverage
Idaho
3312.0% (elevated risk)
Portfolio summary
Total funded$26.8M
Defaults3 of 33
Risk tierAVERAGE
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%).