Lenders › B:Side Capital
504 CDCDenver, Coloradocertified development company12th of 182 by approvals
B:Side Capital
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.
B:Side Capital, based in Denver, Colorado, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 754 of its 504 loans worth $670M in FY2021 to FY2025, which places it 12th of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 126 approvals totalling $117M, up 14% on FY2024 (111). FY2026 to 30 Jun 2026 adds 107 more.
The median approval was $590K, against $657K for the 504 program as a whole; 4.2% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 4 states and territories and 59 counties, led by Colorado (91.1%), Utah (6.0%) and New Mexico (2.8%). The largest industry group was accommodation and food services at 16.3% of approvals, and 11.1% of approvals were to franchise businesses.
Of 1,618 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (1.0%), 883 as paid in full and 719 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* | 107 | $95.9M | $573K | $896K | 521 |
| FY2025 | 126 | $117M | $601K | $930K | 520 |
| FY2024 | 111 | $105M | $639K | $944K | 896 |
| FY2023 | 100 | $95.2M | $635K | $952K | 838 |
| FY2022 | 187 | $168M | $621K | $900K | 1,068 |
| FY2021 | 230 | $185M | $537K | $803K | 1,370 |
| FY2020 | 133 | $95.5M | $484K | $718K | 689 |
| FY2019 | 112 | $94.0M | $549K | $840K | 699 |
| FY2018 | 118 | $102M | $531K | $863K | 711 |
| FY2017 | 123 | $100M | $515K | $814K | 776 |
| FY2016 | 122 | $105M | $459K | $859K | 1,199 |
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 608 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 | Colorado | 504 program |
|---|---|---|---|
| Approvals in these years | 1,807 | 2,479 | 85,591 |
| Cancelled or never disbursed | 189 | 261 | 12,514 |
| Disbursed loans | 1,618 | 2,218 | 73,077 |
| Paid in full | 883 | 1,230 | 35,491 |
| Charged off | 16 | 24 | 905 |
| Still outstanding (status exempt from disclosure) | 719 | 964 | 36,681 |
| Charged off, share of disbursed loans | 1.0% | 1.1% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.9% | 0.8% | 0.9% |
| Dollars charged off | $9.3M | $12.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 196 | 36 | 0 | 0.0% | 0.1% |
| FY2020 | 119 | 19 | 0 | 0.0% | 0.1% |
| FY2019 | 104 | 26 | 1 | 1.0% | 0.3% |
| FY2018 | 111 | 44 | 0 | 0.0% | 0.4% |
| FY2017 | 106 | 50 | 0 | 0.0% | 0.8% |
| FY2016 | 105 | 52 | 1 | 1.0% | 1.0% |
| FY2015 | 107 | 63 | 2 | 1.9% | 1.2% |
| FY2014 | 112 | 77 | 1 | 0.9% | 1.3% |
| FY2013 | 186 | 134 | 3 | 1.6% | 1.4% |
| FY2012 | 172 | 140 | 2 | 1.2% | 2.0% |
| FY2011 | 167 | 137 | 1 | 0.6% | 2.1% |
| FY2010 | 133 | 105 | 5 | 3.8% | 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 | $590K | $657K |
| Average approval | $889K | $1.0M |
| Approvals of $150,000 or less | 4.2% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 13.1% | 14.4% |
| Approvals to franchise businesses | 11.1% | 9.0% |
| Jobs supported per approval, as reported | 6.2 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.0% | 1.2% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Colorado | 687 | $600M | 91.1% | |
| 2 | Utah | 45 | $45.4M | 6.0% | |
| 3 | New Mexico | 21 | $23.9M | 2.8% | |
| 4 | Arizona | 1 | — | 0.1% |
In Colorado the lender accounts for 68.6% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (59 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Larimer County, CO | 82 | $68.7M | 10.9% | |
| 2 | Denver County, CO | 80 | $76.3M | 10.6% | |
| 3 | Jefferson County, CO | 74 | $76.1M | 9.8% | |
| 4 | El Paso County, CO | 73 | $66.9M | 9.7% | |
| 5 | Boulder County, CO | 53 | $44.5M | 7.0% | |
| 6 | Weld County, CO | 52 | $46.7M | 6.9% | |
| 7 | Arapahoe County, CO | 43 | $58.1M | 5.7% | |
| 8 | Adams County, CO | 40 | $42.4M | 5.3% | |
| 9 | Garfield County, CO | 26 | $14.4M | 3.4% | |
| 10 | Douglas County, CO | 24 | $35.6M | 3.2% | |
| 11 | Utah County, UT | 22 | $26.3M | 2.9% | |
| 12 | Eagle County, CO | 22 | $12.8M | 2.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 123 | 16.3% | |
| 2 | Other Services (except Public Administration) | 95 | 12.6% | |
| 3 | Retail Trade | 85 | 11.3% | |
| 4 | Health Care and Social Assistance | 84 | 11.1% | |
| 5 | Construction | 84 | 11.1% | |
| 6 | Professional, Scientific, and Technical Services | 75 | 9.9% | |
| 7 | Manufacturing | 64 | 8.5% | |
| 8 | Real Estate and Rental and Leasing | 29 | 3.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 73 | 9.7% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 53 | 7.0% | |
| 3 | Traveler AccommodationNAICS 7211 | 40 | 5.3% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 29 | 3.8% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 23 | 3.1% | |
| 6 | Legal ServicesNAICS 5411 | 22 | 2.9% | |
| 7 | Child Day Care ServicesNAICS 6244 | 20 | 2.7% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 18 | 2.4% | |
| 9 | Other Personal ServicesNAICS 8129 | 17 | 2.3% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 16 | 2.1% |
Approval sizes
- $50,000 or less0.1%1
- $50,001 to $150,0004.1%31
- $150,001 to $350,00024.7%186
- $350,001 to $1 million42.8%323
- $1 million to $2 million18.7%141
- Over $2 million9.5%72
Loan terms
- Over 5 to 10 years0.5%4
- Over 10 to 20 years10.3%78
- Over 20 years89.1%672
Age of the businesses
- Existing, more than 2 years old81.8%617
- New business, 2 years or less2.0%15
- Startup, loan funds will open the business11.1%84
- Change of ownership5.0%38
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 600 | 79.6% | |
| 2 | ALP Express | 119 | 15.8% | |
| 3 | 504 Refinancing Program | 31 | 4.1% | |
| 4 | 504 Basic | 2 | 0.3% | |
| 5 | ALP Express Debt Refi | 2 | 0.3% |
Franchise share
84 of 754 approvals in FY2021–FY2025 (11.1%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ziggi's Coffee | 16 | 2.1% | |
| 2 | Primrose Schools | 7 | 0.9% | |
| 3 | La Quinta by Wyndham | 3 | 0.4% | |
| 4 | Culver's ButterBurgers & Frozen Custard | 3 | 0.4% | |
| 5 | Big O Tires | 3 | 0.4% | |
| 6 | Honda Automobile Division | 2 | 0.3% | |
| 7 | Best Western | 2 | 0.3% | |
| 8 | Quality Inn | 2 | 0.3% |
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 | FirstBank | 133 | 17.6% | |
| 2 | Bank of Colorado | 55 | 7.3% | |
| 3 | Zions Bank, A Division of | 45 | 6.0% | |
| 4 | ANB Bank | 37 | 4.9% | |
| 5 | Community Banks of Colorado, A Division of NBH Bank | 32 | 4.2% | |
| 6 | Glacier Bank | 32 | 4.2% | |
| 7 | JPMorgan Chase Bank, National Association | 28 | 3.7% | |
| 8 | High Plains Bank | 24 | 3.2% | |
| 9 | KeyBank National Association | 18 | 2.4% | |
| 10 | PBandT Bank | 18 | 2.4% |
Questions and answers
How many SBA loans does B:Side Capital make?
SBA approved 126 504 loans through B:Side Capital in FY2025, worth $117M, and 754 over FY2021 to FY2025. That ranks 12th of 182 active CDCs by number of approvals.
How large are B:Side Capital's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $590K and the average $889K. The program-wide median was $657K.
What is B:Side Capital's charge-off rate?
Of 1,618 disbursed loans approved in FY2010 to FY2021, SBA records 16 as charged off (1.0%), 883 as paid in full and 719 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 B:Side Capital lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (73); automotive repair and maintenance (53); traveler accommodation (40); offices of other health practitioners (29).
Where does B:Side Capital make SBA loans?
In 4 states and territories. Colorado 687, Utah 45, New Mexico 21, Arizona 1. In Colorado it accounts for 68.6% of all 504 approvals.
Is B:Side Capital's SBA lending rising?
Approvals in the three latest complete fiscal years total 337, against 550 in the three before: falling (-39%).
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