SG
SBA 504 certified development company
Southern Georgia Area Development Corporation
- Total loans
- 14
- Loan volume
- $10.9M
- Avg loan size
- $780K
- Charge-off rate
- 41.7%
- vs 13.3% national avg
Defaults
5
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Shoney's Inn | 1 | $311K | 100.0% (very high risk) |
| Mr. Transmission | 1 | $109K | 0.0% (low risk) |
| Easyriders | 1 | $215K | 100.0% (very high risk) |
| Bruster's | 1 | $163K | 0.0% (low risk) |
| Sylvan Learning Center | 1 | $86K | 0.0% (low risk) |
| Loco's Deli & Pub | 1 | $557K | 100.0% (very high risk) |
| Country Hearth Inn | 1 | $520K | 100.0% (very high risk) |
| Hawthorne Suites Franchising,i | 1 | $1.7M | 100.0% (very high risk) |
| Hampton Inns | 1 | $3.0M | 0.0% (low risk) |
| Huddle House | 1 | $410K | 0.0% (low risk) |
| Zaxby's | 1 | $461K | 0.0% (low risk) |
| Candlewood Suites | 1 | $2.5M | N/A |
| Educational Outfitters | 1 | $700K | N/A |
| Egg & I Restaurant (the) | 1 | $116K | 0.0% (low risk) |
Lending volume by year
1'95
1'96
2'00
1'05
2'06
1'07
1'10
3'12
1'15
1'17
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%).