TR
SBA 504 certified development company
Three Rivers Local Development Company, Inc.
- Total loans
- 50
- Loan volume
- $64.7M
- Avg loan size
- $1.3M
- Charge-off rate
- 19.4%
- vs 13.3% national avg
Defaults
7
Franchises funded
37
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Days Inn | 5 | $3.6M | 20.0% (very high risk) |
| Best Western Inn | 3 | $3.3M | 33.3% (very high risk) |
| Comfort Inn | 3 | $4.8M | 0.0% (low risk) |
| Marriott Hotel | 3 | $8.3M | 0.0% (low risk) |
| Servpro | 2 | $365K | 0.0% (low risk) |
| Super 8 Motel | 2 | $1.8M | 0.0% (low risk) |
| Holiday Inn Express | 2 | $4.0M | 0.0% (low risk) |
| Choice Hotels International In | 1 | $1.1M | 100.0% (very high risk) |
| Dickey's Barbeque | 1 | $549K | N/A |
| Ramada Inn | 1 | $488K | 0.0% (low risk) |
| Atlanta Bread Company | 1 | $496K | 0.0% (low risk) |
| Gmc (dealers) | 1 | $352K | 0.0% (low risk) |
| Krystal (drive-Thru Restaurant | 1 | $347K | 0.0% (low risk) |
| Baskin-Robbins 31 Ice Cream | 1 | $778K | 0.0% (low risk) |
| Phillips 66 | 1 | $802K | 0.0% (low risk) |
| Candlewood Suites | 1 | $2.0M | 100.0% (very high risk) |
| Holiday Inn | 1 | $775K | N/A |
| Back Yard Burgers | 1 | $980K | 100.0% (very high risk) |
| Hammett's Learning World Store | 1 | $1.3M | 0.0% (low risk) |
| La Quinta Inn | 1 | $1.6M | 0.0% (low risk) |
Lending volume by year
1'94
2
1
1
1
1'02
5
3
2
10
1'09
3
4
2
2
1'14
1
2
1
2
2'24
2'25
Geographic coverage
Mississippi
5019.4% (high risk)
Portfolio summary
Total funded$64.7M
Defaults7 of 50
Risk tierELEVATED
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%).