TE
SBA 504 certified development company
Tulsa Economic Development Corporation
- Total loans
- 19
- Loan volume
- $16.9M
- Avg loan size
- $890K
- Charge-off rate
- 26.7%
- vs 13.3% national avg
Defaults
4
Franchises funded
14
Risk rating
CRITICAL
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Charlies Chicken | 5 | $2.3M | 25.0% (very high risk) |
| Ramada Inn | 2 | $3.1M | 0.0% (low risk) |
| Subway Sandwich Shop | 1 | $206K | 0.0% (low risk) |
| Chesapeake Bagel Bakery | 1 | $309K | 100.0% (very high risk) |
| Howard Johnson | 1 | $496K | 100.0% (very high risk) |
| Conoco Service Station | 1 | $575K | 0.0% (low risk) |
| Pearle Vision Center | 1 | $262K | 0.0% (low risk) |
| Value Place | 1 | $1.1M | 0.0% (low risk) |
| HTeaO | 1 | $779K | N/A |
| Candlewood Suites | 1 | $2.2M | N/A |
| Fairfield Inn | 1 | $3.1M | N/A |
| Temporary Franchises | 1 | $363K | 0.0% (low risk) |
| Super 8 Motel | 1 | $992K | 100.0% (very high risk) |
| Studio 6 | 1 | $1.1M | 0.0% (low risk) |
Lending volume by year
1'96
1'97
2'04
4'05
2'07
1'08
2'10
2'11
1'12
1'15
1'19
1'25
Geographic coverage
Oklahoma
1926.7% (very high risk)
Portfolio summary
Total funded$16.9M
Defaults4 of 19
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%).