TB
SBA 504 certified development company
Tennessee Business Development Corporation
- Total loans
- 11
- Loan volume
- $10.3M
- Avg loan size
- $937K
- Charge-off rate
- 27.3%
- vs 13.3% national avg
Defaults
3
Franchises funded
10
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Best Western Inn | 2 | $1.4M | 50.0% (very high risk) |
| Baymont Inns & Suites | 1 | $1.2M | 0.0% (low risk) |
| Choice Hotels International In | 1 | $324K | 0.0% (low risk) |
| Floor-To-Ceiling Store | 1 | $360K | 0.0% (low risk) |
| Sleep Inn Motel | 1 | $550K | 0.0% (low risk) |
| Comfort Inn | 1 | $1.4M | 100.0% (very high risk) |
| Bellacino's Pizza | 1 | $701K | 100.0% (very high risk) |
| Comfort Suites | 1 | $1.3M | 0.0% (low risk) |
| Quality Inn/Quality Suites, Ho | 1 | $1.6M | 0.0% (low risk) |
| Hampton Inns | 1 | $1.4M | 0.0% (low risk) |
Lending volume by year
1'98
1'01
1'05
1'06
3'07
2'08
1'10
1'16
Geographic coverage
Tennessee
1127.3% (very high risk)
Portfolio summary
Total funded$10.3M
Defaults3 of 11
Risk tierCRITICAL
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%).