Lenders › Appalachian Development Corporation
504 CDCGreenville, South Carolinacertified development company96th of 182 by approvals
Appalachian 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.
Appalachian Development Corporation (Greenville, South Carolina) is a certified development company (CDC) that makes SBA 504 loans, 96th of 182 by approvals in FY2021 to FY2025: 65 loans worth $69.2M.
In FY2025, the latest complete fiscal year, it had 17 approvals totalling $23.0M, up 70% on FY2024 (10). FY2026 to 30 Jun 2026 adds 13 more.
The median approval was $768K, against $657K for the 504 program as a whole; 3.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 1 state or territory and 19 counties, led by South Carolina (100.0%). The largest industry group was accommodation and food services at 26.2% of approvals, and 7.7% of approvals were to franchise businesses.
Of 80 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (2.5%), 46 as paid in full and 32 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above 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* | 13 | $11.2M | $578K | $861K | 142 |
| FY2025 | 17 | $23.0M | $1.2M | $1.4M | 205 |
| FY2024 | 10 | $13.3M | $567K | $1.3M | 231 |
| FY2023 | 6 | $4.7M | $445K | $789K | 228 |
| FY2022 | 16 | $18.9M | $855K | $1.2M | 211 |
| FY2021 | 16 | $9.2M | $537K | $577K | 146 |
| FY2020 | 7 | $7.2M | $681K | $1.0M | 73 |
| FY2019 | 12 | $9.8M | $381K | $820K | 115 |
| FY2018 | 8 | $13.1M | $1.4M | $1.6M | 221 |
| FY2017 | 4 | $2.4M | $500K | $598K | 64 |
| FY2016 | 5 | $3.0M | $439K | $602K | 113 |
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 36 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 | South Carolina | 504 program |
|---|---|---|---|
| Approvals in these years | 113 | 527 | 85,591 |
| Cancelled or never disbursed | 33 | 123 | 12,514 |
| Disbursed loans | 80 | 404 | 73,077 |
| Paid in full | 46 | 211 | 35,491 |
| Charged off | 2 | 6 | 905 |
| Still outstanding (status exempt from disclosure) | 32 | 187 | 36,681 |
| Charged off, share of disbursed loans | 2.5% | 1.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 2.4% | 1.0% | 0.9% |
| Dollars charged off | $1.6M | $3.2M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 10 | 3 | 0 | — | 0.1% |
| FY2020 | 3 | 1 | 0 | — | 0.1% |
| FY2019 | 9 | 4 | 0 | — | 0.3% |
| FY2018 | 7 | 0 | 0 | — | 0.4% |
| FY2017 | 3 | 3 | 0 | — | 0.8% |
| FY2016 | 5 | 5 | 0 | — | 1.0% |
| FY2015 | 2 | 1 | 0 | — | 1.2% |
| FY2014 | 2 | 2 | 0 | — | 1.3% |
| FY2013 | 6 | 4 | 0 | — | 1.4% |
| FY2012 | 16 | 11 | 0 | — | 2.0% |
| FY2011 | 8 | 7 | 0 | — | 2.1% |
| FY2010 | 9 | 5 | 2 | — | 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 | $768K | $657K |
| Average approval | $1.1M | $1.0M |
| Approvals of $150,000 or less | 3.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 23.1% | 14.4% |
| Approvals to franchise businesses | 7.7% | 9.0% |
| Jobs supported per approval, as reported | 15.7 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 2.5% | 1.2% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | South Carolina | 65 | $69.2M | 100.0% |
In South Carolina the lender accounts for 26.4% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (19 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Greenville County, SC | 26 | $24.6M | 40.0% | |
| 2 | Spartanburg County, SC | 8 | $6.5M | 12.3% | |
| 3 | Anderson County, SC | 5 | $2.7M | 7.7% | |
| 4 | Charleston County, SC | 4 | $2.3M | 6.2% | |
| 5 | Horry County, SC | 3 | $8.5M | 4.6% | |
| 6 | Beaufort County, SC | 3 | $3.4M | 4.6% | |
| 7 | Jasper County, SC | 2 | — | 3.1% | |
| 8 | Orangeburg County, SC | 2 | — | 3.1% | |
| 9 | Berkeley County, SC | 2 | — | 3.1% | |
| 10 | Sumter County, SC | 1 | — | 1.5% | |
| 11 | Lancaster County, SC | 1 | — | 1.5% | |
| 12 | Florence County, SC | 1 | — | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 17 | 26.2% | |
| 2 | Health Care and Social Assistance | 12 | 18.5% | |
| 3 | Other Services (except Public Administration) | 8 | 12.3% | |
| 4 | Manufacturing | 5 | 7.7% | |
| 5 | Real Estate and Rental and Leasing | 5 | 7.7% | |
| 6 | Finance and Insurance | 5 | 7.7% | |
| 7 | Construction | 4 | 6.2% | |
| 8 | Retail Trade | 3 | 4.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 9 | 13.8% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 10.8% | |
| 3 | Child Day Care ServicesNAICS 6244 | 7 | 10.8% | |
| 4 | Lessors of Real EstateNAICS 5311 | 4 | 6.2% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 6.2% | |
| 6 | Personal Care ServicesNAICS 8121 | 4 | 6.2% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.6% | |
| 8 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 4.6% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.1% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 2 | 3.1% |
Approval sizes
- $50,001 to $150,0003.1%2
- $150,001 to $350,00026.2%17
- $350,001 to $1 million35.4%23
- $1 million to $2 million21.5%14
- Over $2 million13.8%9
Loan terms
- Over 5 to 10 years1.5%1
- Over 10 to 20 years3.1%2
- Over 20 years95.4%62
Age of the businesses
- Existing, more than 2 years old75.4%49
- New business, 2 years or less3.1%2
- Startup, loan funds will open the business20.0%13
- Change of ownership1.5%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 23 | 35.4% | |
| 2 | Accredited Lenders Program | 20 | 30.8% | |
| 3 | 504 Refinancing Program | 11 | 16.9% | |
| 4 | ALP Express | 10 | 15.4% | |
| 5 | ALP Express Debt Refi | 1 | 1.5% |
Franchise share
5 of 65 approvals in FY2021–FY2025 (7.7%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Hampton Inn by Hilton | 1 | 1.5% | |
| 2 | Tru by Hilton | 1 | 1.5% | |
| 3 | Culver's ButterBurgers & Frozen Custard | 1 | 1.5% | |
| 4 | Eggs Up Grill | 1 | 1.5% | |
| 5 | AAMCO Transmissions and Total Car Care | 1 | 1.5% |
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 | Bank of Travelers Rest | 13 | 20.0% | |
| 2 | United Community Bank | 6 | 9.2% | |
| 3 | The Peoples Bank | 5 | 7.7% |
Questions and answers
How many SBA loans does Appalachian Development Corporation make?
SBA approved 17 504 loans through Appalachian Development Corporation in FY2025, worth $23.0M, and 65 over FY2021 to FY2025. That ranks 96th of 182 active CDCs by number of approvals.
How large are Appalachian Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $768K and the average $1.1M. The program-wide median was $657K.
What is Appalachian Development Corporation's charge-off rate?
Of 80 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (2.5%), 46 as paid in full and 32 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is above 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 Appalachian Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (9); traveler accommodation (7); child day care services (7); lessors of real estate (4).
Where does Appalachian Development Corporation make SBA loans?
In 1 state or territory. South Carolina 65. In South Carolina it accounts for 26.4% of all 504 approvals.
Is Appalachian Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 33, against 39 in the three before: falling (-15%).
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