RL
SBA 504 certified development company
Rockford Local Development Corporation
- Total loans
- 40
- Loan volume
- $36.8M
- Avg loan size
- $919K
- Charge-off rate
- 25.0%
- vs 13.3% national avg
Defaults
6
Franchises funded
25
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dairy Queen | 5 | $2.6M | 33.3% (very high risk) |
| Culver's Frozen Custard | 5 | $6.9M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 5 | $5.9M | 0.0% (low risk) |
| Temporary Franchises | 3 | $1.6M | 0.0% (low risk) |
| Taco John's | 2 | $784K | 100.0% (very high risk) |
| Holiday Inn Express | 1 | $2.0M | 0.0% (low risk) |
| Harley Davidson | 1 | $1.1M | 100.0% (very high risk) |
| Lube Pro's | 1 | $210K | 100.0% (very high risk) |
| Del Taco | 1 | $688K | 0.0% (low risk) |
| Paul Davis Restoration | 1 | $229K | 0.0% (low risk) |
| Best Western Inn | 1 | $3.2M | 100.0% (very high risk) |
| Culligan Soft Water Service | 1 | $821K | 0.0% (low risk) |
| Chrysler - Sales and Service A | 1 | $758K | N/A |
| Allied Van Lines, Inc - Agenc | 1 | $173K | N/A |
| Econo Lodge | 1 | $541K | 0.0% (low risk) |
| Express Employment Professiona | 1 | $99K | N/A |
| Dairy Queen Grill & Chill/Texa | 1 | $440K | N/A |
| Dairy Queen Frozen Treat Cente | 1 | $904K | N/A |
| Comfort Inn | 1 | $1.8M | 0.0% (low risk) |
| Tuffy Tire & Auto Service | 1 | $183K | N/A |
Lending volume by year
1'00
1'01
1'03
1'05
2'06
4'07
3'09
5'10
1'11
4'12
1'13
2'14
1'15
3'17
2'18
1'21
5'22
2'25
Geographic coverage
Illinois
4025.0% (very high risk)
Portfolio summary
Total funded$36.8M
Defaults6 of 40
Risk tierCRITICAL
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%).