Lenders › Amplio Economic Development Corporation
504 CDCArden Hills, Minnesotacertified development company42nd of 182 by approvals
Amplio Economic Development Corporation
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.
Amplio Economic Development Corporation, based in Arden Hills, Minnesota, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 235 of its 504 loans worth $159M in FY2021 to FY2025, which places it 42nd of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 33 approvals totalling $23.5M, up 10% on FY2024 (30). FY2026 to 30 Jun 2026 adds 16 more.
The median approval was $455K, against $657K for the 504 program as a whole; 6.8% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 2 states and territories and 40 counties, led by Minnesota (97.4%) and Wisconsin (2.6%). The largest industry group was retail trade at 18.3% of approvals, and 9.8% of approvals were to franchise businesses.
Of 518 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.6%), 244 as paid in full and 271 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* | 16 | $17.7M | $777K | $1.1M | 148 |
| FY2025 | 33 | $23.5M | $480K | $713K | 471 |
| FY2024 | 30 | $20.1M | $498K | $670K | 448 |
| FY2023 | 33 | $18.9M | $417K | $573K | 398 |
| FY2022 | 73 | $54.8M | $465K | $751K | 1,391 |
| FY2021 | 66 | $41.1M | $445K | $623K | 734 |
| FY2020 | 47 | $25.9M | $414K | $552K | 759 |
| FY2019 | 45 | $41.9M | $452K | $932K | 807 |
| FY2018 | 46 | $35.1M | $497K | $764K | 733 |
| FY2017 | 41 | $21.0M | $377K | $513K | 617 |
| FY2016 | 58 | $38.1M | $433K | $656K | 871 |
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 237 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 | Minnesota | 504 program |
|---|---|---|---|
| Approvals in these years | 576 | 3,436 | 85,591 |
| Cancelled or never disbursed | 58 | 324 | 12,514 |
| Disbursed loans | 518 | 3,112 | 73,077 |
| Paid in full | 244 | 1,446 | 35,491 |
| Charged off | 3 | 40 | 905 |
| Still outstanding (status exempt from disclosure) | 271 | 1,626 | 36,681 |
| Charged off, share of disbursed loans | 0.6% | 1.3% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.2% | 0.8% | 0.9% |
| Dollars charged off | $720K | $15.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 58 | 3 | 0 | 0.0% | 0.1% |
| FY2020 | 37 | 4 | 0 | 0.0% | 0.1% |
| FY2019 | 42 | 7 | 1 | 2.4% | 0.3% |
| FY2018 | 42 | 13 | 0 | 0.0% | 0.4% |
| FY2017 | 38 | 13 | 0 | 0.0% | 0.8% |
| FY2016 | 51 | 19 | 2 | 3.9% | 1.0% |
| FY2015 | 46 | 31 | 0 | 0.0% | 1.2% |
| FY2014 | 36 | 23 | 0 | 0.0% | 1.3% |
| FY2013 | 33 | 27 | 0 | 0.0% | 1.4% |
| FY2012 | 54 | 39 | 0 | 0.0% | 2.0% |
| FY2011 | 45 | 37 | 0 | 0.0% | 2.1% |
| FY2010 | 36 | 28 | 0 | 0.0% | 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 | $455K | $657K |
| Average approval | $675K | $1.0M |
| Approvals of $150,000 or less | 6.8% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 13.6% | 14.4% |
| Approvals to franchise businesses | 9.8% | 9.0% |
| Jobs supported per approval, as reported | 14.6 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.6% | 1.2% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 229 | $155M | 97.4% | |
| 2 | Wisconsin | 6 | $3.8M | 2.6% |
In Minnesota the lender accounts for 16.0% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (40 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hennepin County, MN | 64 | $48.0M | 27.2% | |
| 2 | Ramsey County, MN | 28 | $20.4M | 11.9% | |
| 3 | Anoka County, MN | 22 | $11.1M | 9.4% | |
| 4 | Dakota County, MN | 21 | $18.7M | 8.9% | |
| 5 | Scott County, MN | 12 | $8.8M | 5.1% | |
| 6 | Douglas County, MN | 11 | $4.0M | 4.7% | |
| 7 | Carver County, MN | 9 | $5.0M | 3.8% | |
| 8 | Washington County, MN | 8 | $6.3M | 3.4% | |
| 9 | St. Louis County, MN | 6 | $4.6M | 2.6% | |
| 10 | Wright County, MN | 6 | $1.9M | 2.6% | |
| 11 | Rice County, MN | 5 | $2.0M | 2.1% | |
| 12 | Stearns County, MN | 4 | $2.3M | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 43 | 18.3% | |
| 2 | Accommodation and Food Services | 38 | 16.2% | |
| 3 | Health Care and Social Assistance | 32 | 13.6% | |
| 4 | Other Services (except Public Administration) | 30 | 12.8% | |
| 5 | Manufacturing | 25 | 10.6% | |
| 6 | Construction | 21 | 8.9% | |
| 7 | Wholesale Trade | 9 | 3.8% | |
| 8 | Professional, Scientific, and Technical Services | 9 | 3.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 23 | 9.8% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 18 | 7.7% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 11 | 4.7% | |
| 4 | Traveler AccommodationNAICS 7211 | 10 | 4.3% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 8 | 3.4% | |
| 6 | Personal Care ServicesNAICS 8121 | 8 | 3.4% | |
| 7 | Child Day Care ServicesNAICS 6244 | 7 | 3.0% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 3.0% | |
| 9 | Sporting Goods, Hobby, and Musical Instrument StoresNAICS 4511 | 6 | 2.6% | |
| 10 | Beverage ManufacturingNAICS 3121 | 5 | 2.1% |
Approval sizes
- $50,001 to $150,0006.8%16
- $150,001 to $350,00032.8%77
- $350,001 to $1 million40.0%94
- $1 million to $2 million16.6%39
- Over $2 million3.8%9
Loan terms
- Over 5 to 10 years2.1%5
- Over 10 to 20 years18.3%43
- Over 20 years79.6%187
Age of the businesses
- Existing, more than 2 years old82.1%193
- New business, 2 years or less4.7%11
- Startup, loan funds will open the business8.9%21
- Change of ownership4.3%10
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 189 | 80.4% | |
| 2 | ALP Express | 29 | 12.3% | |
| 3 | 504 Refinancing Program | 15 | 6.4% | |
| 4 | 504 Basic | 2 | 0.9% |
Franchise share
23 of 235 approvals in FY2021–FY2025 (9.8%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Primrose Schools | 5 | 2.1% | |
| 2 | DoubleTree by Hilton | 1 | 0.4% | |
| 3 | Holiday Station | 1 | 0.4% | |
| 4 | Yamaha | 1 | 0.4% | |
| 5 | Do it Best | 1 | 0.4% | |
| 6 | Quality Inn | 1 | 0.4% | |
| 7 | Culver's ButterBurgers & Frozen Custard | 1 | 0.4% | |
| 8 | AmericInn by Wyndham | 1 | 0.4% |
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 | Frandsen Bank and Trust | 15 | 6.4% | |
| 2 | Scale Bank | 11 | 4.7% | |
| 3 | Viking Bank National Association | 11 | 4.7% | |
| 4 | Old National Bank | 9 | 3.8% | |
| 5 | Minnwest Bank | 9 | 3.8% | |
| 6 | UMB Bank, National Association | 9 | 3.8% | |
| 7 | Merchants Bank, National Association | 8 | 3.4% | |
| 8 | Lakeview Bank | 8 | 3.4% | |
| 9 | Associated Bank National Association | 7 | 3.0% | |
| 10 | Bridgewater Bank | 7 | 3.0% |
Questions and answers
How many SBA loans does Amplio Economic Development Corporation make?
SBA approved 33 504 loans through Amplio Economic Development Corporation in FY2025, worth $23.5M, and 235 over FY2021 to FY2025. That ranks 42nd of 182 active CDCs by number of approvals.
How large are Amplio Economic Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $455K and the average $675K. The program-wide median was $657K.
What is Amplio Economic Development Corporation's charge-off rate?
Of 518 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.6%), 244 as paid in full and 271 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 Amplio Economic Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (23); automotive repair and maintenance (18); offices of other health practitioners (11); traveler accommodation (10).
Where does Amplio Economic Development Corporation make SBA loans?
In 2 states and territories. Minnesota 229, Wisconsin 6. In Minnesota it accounts for 16.0% of all 504 approvals.
Is Amplio Economic Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 96, against 186 in the three before: falling (-48%).
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