SB
SBA 504 certified development company
Small Business Growth Corporation
- Total loans
- 369
- Loan volume
- $299.3M
- Avg loan size
- $811K
- Charge-off rate
- 17.8%
- vs 13.3% national avg
Defaults
40
Franchises funded
187
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Dairy Queen | 25 | $12.5M | 22.2% (very high risk) |
| Culver's Frozen Custard | 21 | $14.8M | 0.0% (low risk) |
| Super 8 Motel | 17 | $9.2M | 26.7% (very high risk) |
| Culver's ButterBurgers & Froze | 13 | $15.6M | 0.0% (low risk) |
| Temporary Franchises | 11 | $5.4M | 12.5% (elevated risk) |
| Days Inn | 8 | $6.3M | 25.0% (very high risk) |
| Choice Hotels International In | 7 | $6.6M | 16.7% (high risk) |
| Best Western Inn | 6 | $4.5M | 75.0% (very high risk) |
| Servicemaster | 5 | $2.0M | 0.0% (low risk) |
| Gold's Gym | 5 | $3.4M | 25.0% (very high risk) |
| Dunkin Donuts | 5 | $3.0M | 0.0% (low risk) |
| Popeyes Louisiana Kitchen | 5 | $3.2M | 0.0% (low risk) |
| Kiddie Academy | 5 | $8.9M | N/A |
| Ramada Inn | 4 | $3.9M | 50.0% (very high risk) |
| Burger King | 4 | $2.8M | 0.0% (low risk) |
| Comfort Inn | 4 | $3.0M | 0.0% (low risk) |
| Jimmy John's | 4 | $1.5M | 50.0% (very high risk) |
| Culver's | 4 | $4.7M | 0.0% (low risk) |
| Ace Hardware | 4 | $2.3M | N/A |
| Goddard Early Learning Center | 3 | $2.2M | 0.0% (low risk) |
Lending volume by year
4'95
2
1
5
6
5'00
9
7
19
16
16'05
13
33
21
10
18'10
20
15
12
6
13'15
14
8
10
5
6'20
17
14
16
12
11'25
5'26
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%).