SD
SBA 504 certified development company
South Dakota Development Corporation
- Total loans
- 21
- Loan volume
- $18.7M
- Avg loan size
- $892K
- Charge-off rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
19
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Koa Kampgrounds(kampgrounds Of | 2 | $557K | 0.0% (low risk) |
| Super 8 by Wyndhan | 2 | $2.1M | N/A |
| Best Western Inn | 1 | $832K | 0.0% (low risk) |
| Perkins Restaurants | 1 | $495K | 0.0% (low risk) |
| Harms Oil Company (Cenex) Agre | 1 | $1.1M | N/A |
| Comfort Inn by Choice Hotels/C | 1 | $2.2M | N/A |
| Johnstone Supply, Inc. (Member | 1 | $959K | 0.0% (low risk) |
| Quality Inn by Choice Hotels / | 1 | $962K | N/A |
| Temporary Franchises | 1 | $137K | 0.0% (low risk) |
| Cole's Petroleum Products Inc. | 1 | $242K | N/A |
| abc Seamless | 1 | $110K | N/A |
| Fairfield by Marriott/Fairfiel | 1 | $3.2M | N/A |
| Line-X | 1 | $941K | N/A |
| Comfort Suites by Choice Hotel | 1 | $2.5M | N/A |
| Dairy Queen | 1 | $457K | 0.0% (low risk) |
| Quality Inn/Quality Suites, Ho | 1 | $757K | 0.0% (low risk) |
| B & G Milkyway | 1 | $634K | N/A |
| Home Instead/Home Instead Seni | 1 | $203K | N/A |
| Econo Lodge | 1 | $416K | 0.0% (low risk) |
Lending volume by year
1'94
1'99
1'08
1'11
1'12
1'13
2'15
1'20
4'21
3'22
2'23
1'24
2'25
Geographic coverage
Portfolio summary
Total funded$18.7M
Defaults0 of 21
Risk tierEXCELLENT
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%).