Lenders › Bay Area Employment Development Company
504 CDCConcord, Californiacertified development company23rd of 182 by approvals
Bay Area Employment Development Company
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.
In FY2021 to FY2025 SBA approved 381 504 loans, worth $456M, through Bay Area Employment Development Company of Concord, California, a certified development company (CDC) that makes SBA 504 loans. By number of approvals that is 23rd among 182 active CDCs.
In FY2025, the latest complete fiscal year, it had 66 approvals totalling $79.7M, up 32% on FY2024 (50). FY2026 to 30 Jun 2026 adds 46 more.
The median approval was $820K, against $657K for the 504 program as a whole; 0.5% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 1 state or territory and 34 counties, led by California (100.0%). The largest industry group was health care and social assistance at 16.0% of approvals, and 10.0% of approvals were to franchise businesses.
Of 955 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.3%), 459 as paid in full and 493 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is below 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* | 46 | $43.3M | $738K | $941K | 293 |
| FY2025 | 66 | $79.7M | $821K | $1.2M | 525 |
| FY2024 | 50 | $52.7M | $775K | $1.1M | 343 |
| FY2023 | 54 | $67.5M | $623K | $1.3M | 649 |
| FY2022 | 101 | $138M | $966K | $1.4M | 969 |
| FY2021 | 110 | $118M | $743K | $1.1M | 970 |
| FY2020 | 79 | $75.9M | $619K | $961K | 632 |
| FY2019 | 66 | $64.4M | $576K | $975K | 452 |
| FY2018 | 71 | $76.3M | $657K | $1.1M | 551 |
| FY2017 | 57 | $54.1M | $591K | $949K | 678 |
| FY2016 | 71 | $71.5M | $675K | $1.0M | 818 |
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 344 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 | California | 504 program |
|---|---|---|---|
| Approvals in these years | 1,051 | 16,149 | 85,591 |
| Cancelled or never disbursed | 96 | 1,904 | 12,514 |
| Disbursed loans | 955 | 14,245 | 73,077 |
| Paid in full | 459 | 7,213 | 35,491 |
| Charged off | 3 | 54 | 905 |
| Still outstanding (status exempt from disclosure) | 493 | 6,978 | 36,681 |
| Charged off, share of disbursed loans | 0.3% | 0.4% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.4% | 0.3% | 0.9% |
| Dollars charged off | $3.4M | $38.6M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 98 | 8 | 1 | 1.0% | 0.1% |
| FY2020 | 71 | 9 | 0 | 0.0% | 0.1% |
| FY2019 | 60 | 13 | 0 | 0.0% | 0.3% |
| FY2018 | 64 | 11 | 0 | 0.0% | 0.4% |
| FY2017 | 51 | 17 | 0 | 0.0% | 0.8% |
| FY2016 | 62 | 29 | 0 | 0.0% | 1.0% |
| FY2015 | 99 | 57 | 0 | 0.0% | 1.2% |
| FY2014 | 86 | 48 | 1 | 1.2% | 1.3% |
| FY2013 | 88 | 62 | 0 | 0.0% | 1.4% |
| FY2012 | 95 | 69 | 0 | 0.0% | 2.0% |
| FY2011 | 91 | 72 | 1 | 1.1% | 2.1% |
| FY2010 | 90 | 64 | 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 | $820K | $657K |
| Average approval | $1.2M | $1.0M |
| Approvals of $150,000 or less | 0.5% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 12.1% | 14.4% |
| Approvals to franchise businesses | 10.0% | 9.0% |
| Jobs supported per approval, as reported | 9.1 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.3% | 1.2% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 381 | $456M | 100.0% |
In California the lender accounts for 5.3% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (34 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Sonoma County, CA | 59 | $52.9M | 15.5% | |
| 2 | Alameda County, CA | 53 | $55.3M | 13.9% | |
| 3 | Santa Clara County, CA | 39 | $50.8M | 10.2% | |
| 4 | Contra Costa County, CA | 34 | $39.5M | 8.9% | |
| 5 | San Francisco County, CA | 25 | $23.7M | 6.6% | |
| 6 | Napa County, CA | 22 | $30.6M | 5.8% | |
| 7 | Sacramento County, CA | 20 | $24.6M | 5.2% | |
| 8 | Marin County, CA | 15 | $12.4M | 3.9% | |
| 9 | Solano County, CA | 14 | $11.4M | 3.7% | |
| 10 | San Mateo County, CA | 11 | $14.7M | 2.9% | |
| 11 | Placer County, CA | 10 | $16.0M | 2.6% | |
| 12 | Monterey County, CA | 9 | $7.5M | 2.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 61 | 16.0% | |
| 2 | Retail Trade | 58 | 15.2% | |
| 3 | Accommodation and Food Services | 46 | 12.1% | |
| 4 | Construction | 42 | 11.0% | |
| 5 | Other Services (except Public Administration) | 38 | 10.0% | |
| 6 | Manufacturing | 35 | 9.2% | |
| 7 | Professional, Scientific, and Technical Services | 30 | 7.9% | |
| 8 | Wholesale Trade | 13 | 3.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 28 | 7.3% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 23 | 6.0% | |
| 3 | Offices of DentistsNAICS 6212 | 22 | 5.8% | |
| 4 | Traveler AccommodationNAICS 7211 | 19 | 5.0% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 16 | 4.2% | |
| 6 | Child Day Care ServicesNAICS 6244 | 12 | 3.1% | |
| 7 | Offices of PhysiciansNAICS 6211 | 10 | 2.6% | |
| 8 | Gasoline StationsNAICS 4471 | 8 | 2.1% | |
| 9 | Residential Building ConstructionNAICS 2361 | 8 | 2.1% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 8 | 2.1% |
Approval sizes
- $50,001 to $150,0000.5%2
- $150,001 to $350,00015.0%57
- $350,001 to $1 million44.9%171
- $1 million to $2 million22.6%86
- Over $2 million17.1%65
Loan terms
- Over 5 to 10 years1.3%5
- Over 10 to 20 years4.7%18
- Over 20 years94.0%358
Age of the businesses
- Existing, more than 2 years old85.6%326
- New business, 2 years or less1.3%5
- Startup, loan funds will open the business10.8%41
- Change of ownership2.4%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 304 | 79.8% | |
| 2 | 504 Refinancing Program | 37 | 9.7% | |
| 3 | ALP Express | 37 | 9.7% | |
| 4 | ALP Express Debt Refi | 2 | 0.5% | |
| 5 | 504 Basic | 1 | 0.3% |
Franchise share
38 of 381 approvals in FY2021–FY2025 (10.0%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | AM/PM Mini-Mart Agreement | 4 | 1.0% | |
| 2 | Valero Marketing and Supply Company | 3 | 0.8% | |
| 3 | Yamaha | 2 | 0.5% | |
| 4 | Starz Program | 1 | 0.3% | |
| 5 | Home 2 Suites by Hilton | 1 | 0.3% | |
| 6 | Tru by Hilton | 1 | 0.3% | |
| 7 | Hampton Inn & Suites by Hilton | 1 | 0.3% | |
| 8 | SpringHill Suites by Marriott | 1 | 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 | JPMorgan Chase Bank, National Association | 36 | 9.4% | |
| 2 | Citizens Business Bank National Association | 36 | 9.4% | |
| 3 | Zions Bank, A Division of | 18 | 4.7% | |
| 4 | Poppy Bank | 17 | 4.5% | |
| 5 | BMO Bank National Association | 15 | 3.9% | |
| 6 | California Bank of Commerce, NA | 14 | 3.7% | |
| 7 | West Coast Community Bank | 11 | 2.9% | |
| 8 | T Bank, National Association | 10 | 2.6% | |
| 9 | Bank of America, National Association | 9 | 2.4% | |
| 10 | Wells Fargo Bank National Association | 8 | 2.1% |
Questions and answers
How many SBA loans does Bay Area Employment Development Company make?
SBA approved 66 504 loans through Bay Area Employment Development Company in FY2025, worth $79.7M, and 381 over FY2021 to FY2025. That ranks 23rd of 182 active CDCs by number of approvals.
How large are Bay Area Employment Development Company's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $820K and the average $1.2M. The program-wide median was $657K.
What is Bay Area Employment Development Company's charge-off rate?
Of 955 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.3%), 459 as paid in full and 493 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is below 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 Bay Area Employment Development Company lend to most?
By number of approvals in FY2021 to FY2025: automotive repair and maintenance (28); restaurants and other eating places (23); offices of dentists (22); traveler accommodation (19).
Where does Bay Area Employment Development Company make SBA loans?
In 1 state or territory. California 381. In California it accounts for 5.3% of all 504 approvals.
Is Bay Area Employment Development Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 170, against 290 in the three before: falling (-41%).
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