SB
SBA 504 certified development company
Small Business Assistance Corporation
- Total loans
- 33
- Loan volume
- $24.1M
- Avg loan size
- $730K
- Charge-off rate
- 20.7%
- vs 13.3% national avg
Defaults
6
Franchises funded
26
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Bojangles | 4 | $3.3M | 0.0% (low risk) |
| Days Inn | 2 | $2.1M | 0.0% (low risk) |
| Subway Sandwich Shop | 2 | $481K | 0.0% (low risk) |
| Comfort Inn | 2 | $1.5M | 50.0% (very high risk) |
| Super 8 Motel | 2 | $1.4M | 50.0% (very high risk) |
| Snelling & Snelling | 1 | $71K | 0.0% (low risk) |
| Hawthorne Suites Franchising,i | 1 | $1.1M | 0.0% (low risk) |
| Caffino | 1 | $234K | 100.0% (very high risk) |
| Culligan Soft Water Service | 1 | $332K | 0.0% (low risk) |
| Howard Johnson | 1 | $717K | 0.0% (low risk) |
| Cinema 'n' Drafthouse | 1 | $774K | 0.0% (low risk) |
| Park Inns International | 1 | $620K | 0.0% (low risk) |
| Suburban Lodges | 1 | $1.3M | 100.0% (very high risk) |
| Choice Hotels International In | 1 | $2.0M | 100.0% (very high risk) |
| La-Z-Boy | 1 | $363K | 0.0% (low risk) |
| Smoothie King (health Food Sto | 1 | $190K | 0.0% (low risk) |
| Fairfield Inn | 1 | $954K | 0.0% (low risk) |
| Jordan and Mamalakis Oil Distr | 1 | $163K | N/A |
| Sears Catalog Store | 1 | $310K | 100.0% (very high risk) |
| Country Inns & Suites | 1 | $794K | 0.0% (low risk) |
Lending volume by year
1'93
2
1
2
1
1'98
1
1
2
1
2'05
2
2
1
1
4'12
1
2
1
1
1'19
2'21
Geographic coverage
Georgia
2919.2% (high risk)
South Carolina
433.3% (very high risk)
Portfolio summary
Total funded$24.1M
Defaults6 of 33
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%).