SC
SBA 504 certified development company
South Central Tennessee Business Development Corporation
- Total loans
- 13
- Loan volume
- $20.0M
- Avg loan size
- $1.5M
- Charge-off rate
- 20.0%
- vs 13.3% national avg
Defaults
1
Franchises funded
11
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Huddle House | 2 | $393K | 50.0% (very high risk) |
| Kiddie Academy | 2 | $2.7M | N/A |
| Key West Inn | 1 | $544K | 0.0% (low risk) |
| Fairfield Inn | 1 | $2.2M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 1 | $1.7M | N/A |
| Culver's | 1 | $1.0M | 0.0% (low risk) |
| Comfort Suites by Choice Hotel | 1 | $1.9M | N/A |
| Sleep Inn by Choice Hotels/Sle | 1 | $2.8M | N/A |
| Holiday Inn/Holiday Inn & Suit | 1 | $5.3M | N/A |
| Pandora | 1 | $702K | N/A |
| Baymont by Wyndham aka Baymont | 1 | $774K | N/A |
Lending volume by year
1'96
1'08
1'11
1'13
1'16
1'18
2'19
1'20
1'22
1'23
2'24
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%).