SV
SBA 504 certified development company
SBA Voluntary Withdrawal - Eastern Maine Development Corporation
- Total loans
- 9
- Loan volume
- $23.6M
- Avg loan size
- $2.6M
- Default rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
8
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Cheong Kwan Jang | 2 | $745K | — |
| Staybridge Suites | 1 | $3.7M | 0.0% |
| World Of Beer | 1 | $2.0M | 0.0% |
| Holiday Inn | 1 | $4.3M | — |
| La Quinta Inn | 1 | $2.5M | — |
| Sonic | 1 | $678K | 0.0% |
| Holiday Inn Express/Holiday In | 1 | $4.6M | — |
| Courtyard by Marriott | 1 | $5.2M | 0.0% |
Lending volume by year
1'10
1'12
2'13
1'16
2'17
2'19
Geographic coverage
New Jersey
90.0%
Portfolio summary
Total funded$23.6M
Defaults0 of 9
Risk tierEXCELLENT
Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict
Default 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%), Critical (>20%).