W5
SBA 504 certified development company
Wessex 504 Corporation
- Total loans
- 26
- Loan volume
- $41.7M
- Avg loan size
- $1.6M
- Charge-off rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
24
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| KLA Schools | 2 | $3.4M | N/A |
| Home2 Suites by Hilton | 2 | $7.0M | N/A |
| Wingate Inns/Wingate Inns & Su | 1 | $1.6M | 0.0% (low risk) |
| Comfort/ Comfort Inn & Suites/ | 1 | $2.6M | N/A |
| Super 8 by Wyndhan | 1 | $765K | 0.0% (low risk) |
| Aaron Rental Purchase | 1 | $455K | 0.0% (low risk) |
| WoodSpring Suites by Choice Ho | 1 | $1.1M | N/A |
| Ace Hardware | 1 | $505K | N/A |
| Marathon Oil Company | 1 | $536K | 0.0% (low risk) |
| Hampton Inns | 1 | $2.9M | N/A |
| Sleep Inn by Choice Hotels/Sle | 1 | $1.8M | 0.0% (low risk) |
| Pop's Italian Beef & Sausage | 1 | $516K | N/A |
| Hyatt Place | 1 | $2.4M | N/A |
| The Goddard School | 1 | $950K | 0.0% (low risk) |
| Carpet One - Association Agree | 1 | $901K | N/A |
| Magnuson Hotels | 1 | $776K | 0.0% (low risk) |
| Culver's ButterBurgers & Froze | 1 | $968K | 0.0% (low risk) |
| Quality Inn/Quality Suites, Ho | 1 | $897K | N/A |
| Dunkin' Donuts | 1 | $503K | N/A |
| Holiday Inn/Holiday Inn & Suit | 1 | $2.6M | N/A |
Lending volume by year
1'12
2'13
3'15
3'17
3'18
6'19
1'20
4'21
3'22
Geographic coverage
Illinois
260.0% (low risk)
Portfolio summary
Total funded$41.7M
Defaults0 of 26
Risk tierEXCELLENT
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%).