June 2, 2017
Coleman Report Special Edition — What’s Not to Like on National Donut Day?!
By Bob Coleman
Editor, Coleman Report
Yep, even doughnut entrepreneurs get a day!
This morning, NADCO tweeted,
We got a list.
First, the stats.
In the last ten years, Baked Good Stores, which include donut shops, received 45 SBA 504 loans totalling $34 million in capital for Main Street confectioners.
Plus, everyone should know this niche performs better than average than most Main Street businesses. Of the 45, only four of the loans have been charged off in the last ten years.
In the last ten years, SBA 7(a) lenders have approved almost 1,000 loans for $182 million to the baked good sector. Again, only one in ten loans have been charged off over the last ten years — an annual loss rate of only thirty cents for every $100 in loans. Most importantly, these losses are not charged to the U.S. taxpayer, but covered 100% by SBA lender and borrower fees.
A list of SBA 504 loan borrowers since 2012.