S5
SBA 504 certified development company
SomerCor 504, Inc.
- Total loans
- 264
- Loan volume
- $275.0M
- Avg loan size
- $1.0M
- Charge-off rate
- 17.0%
- vs 13.3% national avg
Defaults
27
Franchises funded
155
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Super 8 Motel | 11 | $7.6M | 10.0% (elevated risk) |
| Temporary Franchises | 8 | $5.0M | 16.7% (high risk) |
| Culver's Frozen Custard | 7 | $4.2M | 0.0% (low risk) |
| Holiday Inn Express | 6 | $7.3M | 33.3% (very high risk) |
| Days Inn | 6 | $5.4M | 50.0% (very high risk) |
| Dunkin Donuts | 5 | $2.5M | 0.0% (low risk) |
| Wendy's | 5 | $2.5M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 5 | $9.1M | N/A |
| Hampton Inn | 5 | $14.5M | 0.0% (low risk) |
| Best Western Inn | 4 | $4.4M | 33.3% (very high risk) |
| Baymont Inns & Suites | 4 | $4.0M | 50.0% (very high risk) |
| Citgo Service Station | 4 | $2.4M | 75.0% (very high risk) |
| Red Roof Inn | 4 | $3.1M | 0.0% (low risk) |
| Comfort Inn by Choice Hotels/C | 4 | $6.0M | 0.0% (low risk) |
| Iga Food Stores | 3 | $2.4M | 33.3% (very high risk) |
| Choice Hotels International In | 3 | $4.0M | 33.3% (very high risk) |
| Motel 6 | 3 | $2.0M | 0.0% (low risk) |
| Mobil Oil (stations) | 3 | $2.4M | 33.3% (very high risk) |
| Kiddie Academy | 3 | $5.0M | N/A |
| Holiday Inn | 3 | $6.0M | 0.0% (low risk) |
Lending volume by year
3'96
2
4
1
5
6'01
1
4
12
9
11'06
6
8
16
18
12'11
15
12
12
11
8'16
9
3
14
9
14'21
16
10
5
6
2'26
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%).