WB
SBA 504 certified development company
Worcester Business Development Corporation
- Total loans
- 8
- Loan volume
- $18.7M
- Avg loan size
- $2.3M
- Charge-off rate
- 0.0%
- vs 13.3% national avg
Defaults
0
Franchises funded
8
Risk rating
EXCELLENT
Top franchise exposures
| Franchise | Loans | Volume | Default % |
|---|---|---|---|
| Holiday Inn Express | 1 | $1.3M | 0.0% (low risk) |
| Goddard Early Learning Center | 1 | $619K | 0.0% (low risk) |
| Hilton Inns | 1 | $5.0M | 0.0% (low risk) |
| SpringHill Suites by Marriott | 1 | $5.0M | N/A |
| AlphaGraphics | 1 | $496K | N/A |
| Mosquito Squad | 1 | $228K | 0.0% (low risk) |
| Honda Powersports Sales and Se | 1 | $1.1M | N/A |
| Homewood Suites By Hilton | 1 | $5.0M | N/A |
Lending volume by year
1'02
1'05
1'11
1'16
1'17
2'20
1'26
Geographic coverage
Massachusetts
80.0% (low risk)
Portfolio summary
Total funded$18.7M
Defaults0 of 8
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%).