FranchiseVerdict

SBA 504 certified development company

WBD, Inc.

GOOD risk
Total loans
558
Loan volume
$473.8M
Avg loan size
$849K
Default rate
8.5%
vs 13.3% national avg

Defaults

29

Franchises funded

249

Risk rating

GOOD

Top franchise exposures

FranchiseLoansVolumeDefault %
Culver's Frozen Custard38$24.0M0.0%
Super 8 Motel17$10.7M12.5%
Best Western Inn16$17.9M8.3%
Americinn15$13.1M26.7%
Temporary Franchises15$11.3M0.0%
Culver's ButterBurgers & Froze15$17.4M0.0%
Dairy Queen13$4.9M15.4%
Pizza Ranch12$7.6M0.0%
Culver's9$7.5M0.0%
Microtel8$6.2M16.7%
Holiday Inn Express7$9.5M0.0%
Days Inn7$5.5M28.6%
Econo Lodge Motel5$2.7M0.0%
Baymont Inns & Suites5$4.6M25.0%
Comfort Inn5$4.3M0.0%
Piggly Wiggly5$3.5M0.0%
Taco Bell5$2.5M0.0%
Arby's5$2.2M0.0%
Citgo Service Station5$1.9M40.0%
Polaris - Dealer Agreement5$3.9M

Lending volume by year

3
'92
6
5
4
16
10
'97
5
9
12
7
7
'02
14
17
20
14
17
'07
23
26
26
23
23
'12
22
17
14
19
22
'17
24
20
27
32
23
'22
9
21
18
3
'26

Geographic coverage

Wisconsin
5318.8%
Minnesota
150.0%
Ohio
30.0%

Portfolio summary

Total funded$473.8M
Defaults29 of 558
Risk tierGOOD

Source: SBA 504 FOIA loan-level data, aggregated by FranchiseVerdict

Default 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%), Critical (>20%).