ST
SBA 504 certified development company
Southeast Texas Economic Development Foundation
- Total loans
- 19
- Loan volume
- $18.1M
- Avg loan size
- $950K
- Charge-off rate
- 26.7%
- vs 13.3% national avg
Defaults
4
Franchises funded
19
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Kentucky Fried Chicken | 1 | $156K | 0.0% (low risk) |
| Comfort Suites | 1 | $1.4M | 0.0% (low risk) |
| Sleep Inn Motel | 1 | $1.4M | 100.0% (very high risk) |
| Candlewood Suites | 1 | $1.7M | 100.0% (very high risk) |
| Comfort Inn | 1 | $1.1M | 0.0% (low risk) |
| Anytime Fitness | 1 | $62K | 0.0% (low risk) |
| Mr. Transmission | 1 | $275K | 100.0% (very high risk) |
| La Quinta Inn | 1 | $1.4M | 100.0% (very high risk) |
| Taqueria Arandas | 1 | $482K | 0.0% (low risk) |
| Buffalo Wild Wings (f/K/A Bw-3 | 1 | $620K | 0.0% (low risk) |
| Conoco Service Station | 1 | $990K | 0.0% (low risk) |
| Burger King | 1 | $547K | 0.0% (low risk) |
| Jinya Ramen Bar | 1 | $1.1M | N/A |
| Chevron (gas Station) | 1 | $193K | 0.0% (low risk) |
| Allstar Petroleum, Inc. Contra | 1 | $686K | 0.0% (low risk) |
| Studio 6 | 1 | $2.1M | N/A |
| Schlotzsky's | 1 | $594K | N/A |
| Schlotzsky's Sandwich Shop | 1 | $365K | N/A |
| La Quinta by Wyndham a.k.a. La | 1 | $2.8M | 0.0% (low risk) |
Lending volume by year
1'00
1'05
2'06
3'07
1'08
1'09
3'10
2'11
1'16
1'19
2'20
1'24
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%).