Lenders › Alloy Development Co., Inc.
504 CDCCincinnati, Ohiocertified development company49th of 182 by approvals
Alloy Development Co., Inc.
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Alloy Development Co., Inc. (Cincinnati, Ohio) is a certified development company (CDC) that makes SBA 504 loans, 49th of 182 by approvals in FY2021 to FY2025: 196 loans worth $222M.
In FY2025, the latest complete fiscal year, it had 37 approvals totalling $50.1M, about level with FY2024 (40). FY2026 to 30 Jun 2026 adds 24 more.
The median approval was $672K, against $657K for the 504 program as a whole; 4.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 4 states and territories and 46 counties, led by Ohio (78.1%), Kentucky (19.4%) and Indiana (2.0%). The largest industry group was accommodation and food services at 18.9% of approvals, and 17.3% of approvals were to franchise businesses.
Of 546 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (1.1%), 276 as paid in full and 264 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 24 | $39.7M | $1.1M | $1.7M | 223 |
| FY2025 | 37 | $50.1M | $1.0M | $1.4M | 324 |
| FY2024 | 40 | $51.8M | $816K | $1.3M | 425 |
| FY2023 | 21 | $33.2M | $1.1M | $1.6M | 207 |
| FY2022 | 49 | $41.9M | $440K | $855K | 420 |
| FY2021 | 49 | $44.6M | $479K | $910K | 275 |
| FY2020 | 41 | $27.6M | $500K | $674K | 220 |
| FY2019 | 43 | $25.6M | $355K | $595K | 274 |
| FY2018 | 56 | $38.1M | $312K | $681K | 456 |
| FY2017 | 37 | $19.7M | $404K | $532K | 346 |
| FY2016 | 42 | $27.2M | $388K | $648K | 391 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 219 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Ohio | 504 program |
|---|---|---|---|
| Approvals in these years | 614 | 2,374 | 85,591 |
| Cancelled or never disbursed | 68 | 313 | 12,514 |
| Disbursed loans | 546 | 2,061 | 73,077 |
| Paid in full | 276 | 983 | 35,491 |
| Charged off | 6 | 31 | 905 |
| Still outstanding (status exempt from disclosure) | 264 | 1,047 | 36,681 |
| Charged off, share of disbursed loans | 1.1% | 1.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.3% | 1.4% | 0.9% |
| Dollars charged off | $4.3M | $15.6M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 40 | 6 | 0 | 0.0% | 0.1% |
| FY2020 | 36 | 5 | 0 | 0.0% | 0.1% |
| FY2019 | 41 | 7 | 0 | 0.0% | 0.3% |
| FY2018 | 49 | 12 | 0 | 0.0% | 0.4% |
| FY2017 | 34 | 14 | 0 | 0.0% | 0.8% |
| FY2016 | 36 | 17 | 1 | 2.8% | 1.0% |
| FY2015 | 44 | 26 | 2 | 4.5% | 1.2% |
| FY2014 | 36 | 19 | 1 | 2.8% | 1.3% |
| FY2013 | 47 | 34 | 0 | 0.0% | 1.4% |
| FY2012 | 61 | 43 | 0 | 0.0% | 2.0% |
| FY2011 | 64 | 46 | 1 | 1.6% | 2.1% |
| FY2010 | 58 | 47 | 1 | 1.7% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $672K | $657K |
| Average approval | $1.1M | $1.0M |
| Approvals of $150,000 or less | 4.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 20.4% | 14.4% |
| Approvals to franchise businesses | 17.3% | 9.0% |
| Jobs supported per approval, as reported | 8.4 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.1% | 1.2% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ohio | 153 | $179M | 78.1% | |
| 2 | Kentucky | 38 | $38.2M | 19.4% | |
| 3 | Indiana | 4 | $2.6M | 2.0% | |
| 4 | Michigan | 1 | — | 0.5% |
In Ohio the lender accounts for 19.4% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (46 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hamilton County, OH | 46 | $39.1M | 23.5% | |
| 2 | Butler County, OH | 20 | $23.9M | 10.2% | |
| 3 | Warren County, OH | 13 | $15.8M | 6.6% | |
| 4 | Franklin County, OH | 12 | $13.0M | 6.1% | |
| 5 | Clermont County, OH | 12 | $11.3M | 6.1% | |
| 6 | Kenton County, KY | 8 | $3.8M | 4.1% | |
| 7 | Campbell County, KY | 7 | $7.0M | 3.6% | |
| 8 | Cuyahoga County, OH | 6 | $16.4M | 3.1% | |
| 9 | Stark County, OH | 6 | $8.0M | 3.1% | |
| 10 | Montgomery County, OH | 6 | $7.9M | 3.1% | |
| 11 | Jefferson County, KY | 6 | $6.7M | 3.1% | |
| 12 | Boone County, KY | 6 | $4.5M | 3.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 37 | 18.9% | |
| 2 | Manufacturing | 26 | 13.3% | |
| 3 | Health Care and Social Assistance | 24 | 12.2% | |
| 4 | Other Services (except Public Administration) | 24 | 12.2% | |
| 5 | Retail Trade | 20 | 10.2% | |
| 6 | Professional, Scientific, and Technical Services | 20 | 10.2% | |
| 7 | Construction | 16 | 8.2% | |
| 8 | Wholesale Trade | 7 | 3.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 19 | 9.7% | |
| 2 | Traveler AccommodationNAICS 7211 | 17 | 8.7% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 16 | 8.2% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 8 | 4.1% | |
| 5 | Child Day Care ServicesNAICS 6244 | 6 | 3.1% | |
| 6 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 6 | 3.1% | |
| 7 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 5 | 2.6% | |
| 8 | Other Miscellaneous ManufacturingNAICS 3399 | 4 | 2.0% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 2.0% | |
| 10 | Offices of DentistsNAICS 6212 | 4 | 2.0% |
Approval sizes
- $50,001 to $150,0004.1%8
- $150,001 to $350,00022.4%44
- $350,001 to $1 million31.6%62
- $1 million to $2 million25.0%49
- Over $2 million16.8%33
Loan terms
- Over 5 to 10 years1.0%2
- Over 10 to 20 years12.8%25
- Over 20 years86.2%169
Age of the businesses
- Existing, more than 2 years old78.6%154
- New business, 2 years or less4.1%8
- Startup, loan funds will open the business16.3%32
- Change of ownership1.0%2
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 140 | 71.4% | |
| 2 | 504 Basic | 25 | 12.8% | |
| 3 | ALP Express | 19 | 9.7% | |
| 4 | 504 Refinancing Program | 12 | 6.1% |
Franchise share
34 of 196 approvals in FY2021–FY2025 (17.3%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Holiday Inn Express | 4 | 2.0% | |
| 2 | Candlewood Suites | 2 | 1.0% | |
| 3 | Comfort Suites by Choice Hotels | 2 | 1.0% | |
| 4 | Fairfield by Marriott | 2 | 1.0% | |
| 5 | Dunkin' | 2 | 1.0% | |
| 6 | Freightliner Trucks | 1 | 0.5% | |
| 7 | Spark by Hilton | 1 | 0.5% | |
| 8 | Harley Davidson | 1 | 0.5% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Heritage Bank Inc | 19 | 9.7% | |
| 2 | WesBanco Bank, Inc. | 18 | 9.2% | |
| 3 | Republic Bank & Trust Company | 12 | 6.1% | |
| 4 | First Financial Bank | 12 | 6.1% | |
| 5 | Peoples Bank | 10 | 5.1% | |
| 6 | Stock Yards Bank & Trust Company | 9 | 4.6% | |
| 7 | LCNB National Bank | 8 | 4.1% | |
| 8 | First Commonwealth Bank | 8 | 4.1% | |
| 9 | Civista Bank | 6 | 3.1% | |
| 10 | The Huntington National Bank | 6 | 3.1% |
Questions and answers
How many SBA loans does Alloy Development Co., Inc. make?
SBA approved 37 504 loans through Alloy Development Co., Inc. in FY2025, worth $50.1M, and 196 over FY2021 to FY2025. That ranks 49th of 182 active CDCs by number of approvals.
How large are Alloy Development Co., Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $672K and the average $1.1M. The program-wide median was $657K.
What is Alloy Development Co., Inc.'s charge-off rate?
Of 546 disbursed loans approved in FY2010 to FY2021, SBA records 6 as charged off (1.1%), 276 as paid in full and 264 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Alloy Development Co., Inc. lend to most?
By number of approvals in FY2021 to FY2025: automotive repair and maintenance (19); traveler accommodation (17); restaurants and other eating places (16); building equipment contractors (8).
Where does Alloy Development Co., Inc. make SBA loans?
In 4 states and territories. Ohio 153, Kentucky 38, Indiana 4, Michigan 1. In Ohio it accounts for 19.4% of all 504 approvals.
Is Alloy Development Co., Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 98, against 139 in the three before: falling (-29%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error