SS
SBA 504 certified development company
Sunshine State Economic Development Corporation
- Total loans
- 148
- Loan volume
- $157.3M
- Avg loan size
- $1.1M
- Charge-off rate
- 32.1%
- vs 13.3% national avg
Defaults
35
Franchises funded
85
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 10 | $16.1M | 55.6% (very high risk) |
| Zaxby's | 6 | $3.8M | 0.0% (low risk) |
| Take 5 Oil Change | 6 | $3.8M | N/A |
| Sleep Inn Motel | 5 | $6.0M | 40.0% (very high risk) |
| Dunkin Donuts | 5 | $2.4M | 0.0% (low risk) |
| Travelodge | 4 | $3.3M | 66.7% (very high risk) |
| Best Western Inn | 4 | $5.1M | 0.0% (low risk) |
| Days Inn | 4 | $5.0M | 75.0% (very high risk) |
| Burger King | 4 | $2.3M | 0.0% (low risk) |
| Temporary Franchises | 4 | $3.9M | 0.0% (low risk) |
| Howard Johnson | 3 | $3.6M | 33.3% (very high risk) |
| Ramada Inn | 3 | $3.9M | 66.7% (very high risk) |
| Dairy Queen | 3 | $1.4M | 100.0% (very high risk) |
| Moe's Southwest Grill | 3 | $1.6M | 0.0% (low risk) |
| Comfort Inn | 2 | $2.0M | 50.0% (very high risk) |
| International House Of Pancake | 2 | $886K | 0.0% (low risk) |
| Hampton Inns | 2 | $4.0M | 0.0% (low risk) |
| Perkins Restaurants | 2 | $999K | 100.0% (very high risk) |
| Wingate Inns | 2 | $2.7M | 50.0% (very high risk) |
| Quality Inn | 2 | $2.4M | 50.0% (very high risk) |
Lending volume by year
2'95
3
4
1
1
9'00
4
5
10
7
15'05
6
12
3
2
8'10
4
3
2
5
5'15
1
8
2
3
4'20
5
7
3
2
1'25
1'26
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%).