SE
SBA 504 certified development company
Southland Economic Development Corporation
- Total loans
- 80
- Loan volume
- $54.9M
- Avg loan size
- $686K
- Charge-off rate
- 11.1%
- vs 13.3% national avg
Defaults
6
Franchises funded
63
Risk rating
AVERAGE
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 4 | $5.3M | 25.0% (very high risk) |
| Remax | 4 | $2.3M | 0.0% (low risk) |
| Prudential Realtors (the) | 3 | $2.5M | 0.0% (low risk) |
| Fix Auto | 3 | $5.5M | N/A |
| Arco (gas Station) | 2 | $517K | 0.0% (low risk) |
| State Farm Insurance | 2 | $254K | 0.0% (low risk) |
| True Value Hardware | 2 | $640K | 100.0% (very high risk) |
| Denny's Restaurant | 2 | $1.9M | 0.0% (low risk) |
| Century 21 | 2 | $1.2M | N/A |
| Wingstop | 2 | $1.8M | N/A |
| Temporary Franchises | 2 | $448K | 0.0% (low risk) |
| Era Realty | 1 | $289K | 0.0% (low risk) |
| Super 8 Motel | 1 | $1.5M | 0.0% (low risk) |
| Harley Davidson | 1 | $549K | 0.0% (low risk) |
| Chrysler | 1 | $144K | 0.0% (low risk) |
| Conoco Service Station | 1 | $577K | 0.0% (low risk) |
| Hawthorne Suites Franchising,i | 1 | $750K | 0.0% (low risk) |
| Port Of Subs | 1 | $514K | N/A |
| Snap-On-Tools | 1 | $196K | 0.0% (low risk) |
| Jimboy's Tacos | 1 | $497K | 100.0% (very high risk) |
Lending volume by year
1'95
3
5
2
5
3'01
3
4
3
7
4'07
4
1
2
3
4'12
2
2
1
2
2'17
1
3
3
3
3'22
3
1'25
Geographic coverage
California
8011.1% (elevated risk)
Portfolio summary
Total funded$54.9M
Defaults6 of 80
Risk tierAVERAGE
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%).