SM
SBA 504 certified development company
Southeastern Minnesota 504 Development Corporation
- Total loans
- 66
- Loan volume
- $49.8M
- Avg loan size
- $754K
- Charge-off rate
- 8.7%
- vs 13.3% national avg
Defaults
4
Franchises funded
42
Risk rating
GOOD
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Americinn | 7 | $3.7M | 0.0% (low risk) |
| Super 8 Motel | 4 | $2.2M | 25.0% (very high risk) |
| Pizza Ranch | 4 | $1.7M | 66.7% (very high risk) |
| Qdoba Restaurant Corporation | 4 | $981K | N/A |
| Comfort Inn | 3 | $3.0M | 0.0% (low risk) |
| Days Inn | 3 | $2.9M | 0.0% (low risk) |
| NAPA Auto Parts | 2 | $863K | 0.0% (low risk) |
| Best Western Inn | 2 | $1.9M | 0.0% (low risk) |
| Kentucky Fried Chicken | 2 | $1.8M | 50.0% (very high risk) |
| Baymont by Wyndham aka Baymont | 2 | $2.7M | N/A |
| Domino's Pizza | 2 | $660K | 0.0% (low risk) |
| Hardware Hank | 1 | $425K | 0.0% (low risk) |
| Country Hearth Inn | 1 | $579K | 0.0% (low risk) |
| Temporary Franchises | 1 | $249K | 0.0% (low risk) |
| Burger King | 1 | $291K | 0.0% (low risk) |
| Ace Hardware | 1 | $179K | 0.0% (low risk) |
| Super Valu Supermarket | 1 | $118K | 0.0% (low risk) |
| Snap Fitness | 1 | $137K | 0.0% (low risk) |
| Indy Lube Service Center | 1 | $384K | 0.0% (low risk) |
| Econo Lodge Motel | 1 | $329K | 0.0% (low risk) |
Lending volume by year
1'92
1
3
5
2
3'99
1
4
3
3
4'10
3
3
4
4
1'15
3
3
5
2
6'21
1
1'23
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%).