S-
SBA 504 certified development company
SBA - EDF Enforcement Action
- Total loans
- 117
- Loan volume
- $105.9M
- Avg loan size
- $905K
- Charge-off rate
- 9.3%
- vs 13.3% national avg
Defaults
10
Franchises funded
68
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 7 | $6.4M | 14.3% (elevated risk) |
| Choice Hotels International In | 7 | $8.7M | 16.7% (high risk) |
| Best Western Inn | 5 | $5.9M | 0.0% (low risk) |
| Arco (gas Station) | 4 | $2.9M | 0.0% (low risk) |
| Texaco Service Station | 4 | $2.8M | 0.0% (low risk) |
| Quality Inn | 3 | $3.0M | 0.0% (low risk) |
| Subway Sandwich Shop | 3 | $2.1M | 33.3% (very high risk) |
| Holiday Inn Express | 3 | $3.0M | 0.0% (low risk) |
| Denny's Restaurant | 3 | $2.1M | 0.0% (low risk) |
| Temporary Franchises | 3 | $3.6M | 0.0% (low risk) |
| Shell Service Station | 3 | $3.2M | 0.0% (low risk) |
| Century 21 | 3 | $2.3M | 50.0% (very high risk) |
| Comfort Suites | 3 | $3.7M | 33.3% (very high risk) |
| Union 76 Oil | 2 | $1.0M | 0.0% (low risk) |
| Sizzler Family Steakhouse | 2 | $776K | 0.0% (low risk) |
| Chevron (gas Station) | 2 | $1.5M | 0.0% (low risk) |
| Holiday Inn | 2 | $5.1M | 0.0% (low risk) |
| Arby's | 2 | $1.1M | 0.0% (low risk) |
| Ramada Inn | 2 | $1.7M | N/A |
| Super 8 Motel | 2 | $1.6M | 50.0% (very high risk) |
Lending volume by year
3'93
1'94
5'96
8'97
7'98
2'99
2'00
10'01
3'02
3'03
10'04
8'05
4'06
7'07
11'08
7'09
9'10
7'11
10'12
Geographic coverage
Portfolio summary
Total funded$105.9M
Defaults10 of 117
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%).