TC
SBA 504 certified development company
Twin Cities-Metro Certified Development Company
- Total loans
- 204
- Loan volume
- $148.6M
- Avg loan size
- $729K
- Charge-off rate
- 16.1%
- vs 13.3% national avg
Defaults
23
Franchises funded
107
Risk rating
ELEVATED
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Temporary Franchises | 15 | $7.0M | 7.7% (moderate risk) |
| Super 8 Motel | 14 | $7.6M | 57.1% (very high risk) |
| Americinn | 12 | $9.6M | 8.3% (moderate risk) |
| Culver's Frozen Custard | 8 | $4.9M | 12.5% (elevated risk) |
| Days Inn | 7 | $6.3M | 25.0% (very high risk) |
| Tires Plus | 6 | $1.7M | 0.0% (low risk) |
| Taco John's | 5 | $1.3M | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 5 | $5.3M | 0.0% (low risk) |
| Car-X Auto Service | 4 | $1.2M | 0.0% (low risk) |
| Primrose School (daycare) | 4 | $4.7M | 0.0% (low risk) |
| Culver's | 4 | $2.8M | 0.0% (low risk) |
| Servpro | 3 | $466K | 0.0% (low risk) |
| Remax | 2 | $1.1M | 0.0% (low risk) |
| Comfort Inn | 2 | $1.3M | 0.0% (low risk) |
| Dairy Queen | 2 | $401K | 0.0% (low risk) |
| Select Inn | 2 | $682K | 100.0% (very high risk) |
| Best Western Inn | 2 | $831K | 0.0% (low risk) |
| A & W Restaurant | 2 | $860K | 100.0% (very high risk) |
| Subway Sandwich Shop | 2 | $441K | 0.0% (low risk) |
| Country Inn | 2 | $1.6M | 0.0% (low risk) |
Lending volume by year
1'92
4
4
7
6
4'97
3
1
2
6
5'02
3
4
12
8
14'07
11
15
8
8
14'12
9
5
3
4
4'17
6
5
5
6
8'22
2
1
5
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%).