Lenders › Business Finance Group, Inc.
504 CDCFairfax, Virginiacertified development company19th of 182 by approvals
Business Finance Group, 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.
Business Finance Group, Inc. (Fairfax, Virginia) is a certified development company (CDC) that makes SBA 504 loans, 19th of 182 by approvals in FY2021 to FY2025: 524 loans worth $499M.
In FY2025, the latest complete fiscal year, it had 88 approvals totalling $81.1M, about level with FY2024 (94). FY2026 to 30 Jun 2026 adds 55 more.
The median approval was $584K, against $657K for the 504 program as a whole; 6.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 8 states and territories and 99 counties, led by Virginia (67.4%), Maryland (26.5%) and District of Columbia (3.1%). The largest industry group was health care and social assistance at 16.6% of approvals, and 8.8% of approvals were to franchise businesses.
Of 1,166 disbursed loans approved in FY2010 to FY2021, SBA records 11 as charged off (0.9%), 521 as paid in full and 634 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* | 55 | $66.4M | $653K | $1.2M | 717 |
| FY2025 | 88 | $81.1M | $553K | $921K | 1,051 |
| FY2024 | 94 | $93.9M | $638K | $999K | 1,322 |
| FY2023 | 69 | $79.5M | $608K | $1.2M | 1,163 |
| FY2022 | 108 | $108M | $671K | $1.0M | 1,394 |
| FY2021 | 165 | $136M | $509K | $826K | 2,342 |
| FY2020 | 103 | $104M | $592K | $1.0M | 1,435 |
| FY2019 | 100 | $82.8M | $518K | $828K | 1,374 |
| FY2018 | 85 | $79.1M | $514K | $931K | 1,188 |
| FY2017 | 81 | $68.2M | $487K | $842K | 1,061 |
| FY2016 | 83 | $70.1M | $496K | $845K | 1,035 |
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 452 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 | Virginia | 504 program |
|---|---|---|---|
| Approvals in these years | 1,461 | 1,588 | 85,591 |
| Cancelled or never disbursed | 295 | 305 | 12,514 |
| Disbursed loans | 1,166 | 1,283 | 73,077 |
| Paid in full | 521 | 504 | 35,491 |
| Charged off | 11 | 10 | 905 |
| Still outstanding (status exempt from disclosure) | 634 | 769 | 36,681 |
| Charged off, share of disbursed loans | 0.9% | 0.8% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.4% | 0.6% | 0.9% |
| Dollars charged off | $3.8M | $4.7M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 129 | 8 | 0 | 0.0% | 0.1% |
| FY2020 | 85 | 8 | 0 | 0.0% | 0.1% |
| FY2019 | 81 | 10 | 0 | 0.0% | 0.3% |
| FY2018 | 67 | 14 | 0 | 0.0% | 0.4% |
| FY2017 | 61 | 24 | 0 | 0.0% | 0.8% |
| FY2016 | 60 | 23 | 0 | 0.0% | 1.0% |
| FY2015 | 82 | 48 | 2 | 2.4% | 1.2% |
| FY2014 | 74 | 43 | 0 | 0.0% | 1.3% |
| FY2013 | 93 | 44 | 2 | 2.2% | 1.4% |
| FY2012 | 139 | 104 | 2 | 1.4% | 2.0% |
| FY2011 | 152 | 94 | 0 | 0.0% | 2.1% |
| FY2010 | 143 | 101 | 5 | 3.5% | 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 | $584K | $657K |
| Average approval | $953K | $1.0M |
| Approvals of $150,000 or less | 6.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 12.4% | 14.4% |
| Approvals to franchise businesses | 8.8% | 9.0% |
| Jobs supported per approval, as reported | 13.9 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.9% | 1.2% |
States served
| # | State of the business (8 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Virginia | 353 | $307M | 67.4% | |
| 2 | Maryland | 139 | $162M | 26.5% | |
| 3 | District of Columbia | 16 | $15.9M | 3.1% | |
| 4 | West Virginia | 11 | $9.8M | 2.1% | |
| 5 | North Carolina | 2 | — | 0.4% | |
| 6 | Colorado | 1 | — | 0.2% | |
| 7 | Pennsylvania | 1 | — | 0.2% | |
| 8 | Delaware | 1 | — | 0.2% |
In Virginia the lender accounts for 51.6% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (99 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Loudoun County, VA | 44 | $37.2M | 8.4% | |
| 2 | Fairfax County, VA | 43 | $42.1M | 8.2% | |
| 3 | Chesterfield County, VA | 22 | $13.0M | 4.2% | |
| 4 | Chesapeake city, VA | 20 | $25.9M | 3.8% | |
| 5 | Anne Arundel County, MD | 20 | $21.2M | 3.8% | |
| 6 | Montgomery County, MD | 20 | $16.7M | 3.8% | |
| 7 | Virginia Beach city, VA | 19 | $17.0M | 3.6% | |
| 8 | Baltimore County, MD | 18 | $27.1M | 3.4% | |
| 9 | Prince George's County, MD | 17 | $18.9M | 3.2% | |
| 10 | Prince William County, VA | 16 | $20.4M | 3.1% | |
| 11 | District of Columbia, DC | 16 | $15.9M | 3.1% | |
| 12 | Frederick County, MD | 14 | $15.9M | 2.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 87 | 16.6% | |
| 2 | Other Services (except Public Administration) | 76 | 14.5% | |
| 3 | Accommodation and Food Services | 65 | 12.4% | |
| 4 | Retail Trade | 55 | 10.5% | |
| 5 | Construction | 54 | 10.3% | |
| 6 | Professional, Scientific, and Technical Services | 48 | 9.2% | |
| 7 | Manufacturing | 38 | 7.3% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 18 | 3.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 41 | 7.8% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 33 | 6.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 30 | 5.7% | |
| 4 | Child Day Care ServicesNAICS 6244 | 23 | 4.4% | |
| 5 | Traveler AccommodationNAICS 7211 | 21 | 4.0% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 15 | 2.9% | |
| 7 | Personal Care ServicesNAICS 8121 | 15 | 2.9% | |
| 8 | Services to Buildings and DwellingsNAICS 5617 | 14 | 2.7% | |
| 9 | Other Personal ServicesNAICS 8129 | 13 | 2.5% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 11 | 2.1% |
Approval sizes
- $50,001 to $150,0006.1%32
- $150,001 to $350,00022.9%120
- $350,001 to $1 million41.4%217
- $1 million to $2 million17.7%93
- Over $2 million11.8%62
Loan terms
- Over 5 to 10 years1.3%7
- Over 10 to 20 years13.9%73
- Over 20 years84.7%444
Age of the businesses
- Existing, more than 2 years old85.9%450
- New business, 2 years or less1.1%6
- Startup, loan funds will open the business11.3%59
- Change of ownership1.7%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 481 | 91.8% | |
| 2 | 504 Refinancing Program | 32 | 6.1% | |
| 3 | 504 Basic | 9 | 1.7% | |
| 4 | ALP Express | 2 | 0.4% |
Franchise share
46 of 524 approvals in FY2021–FY2025 (8.8%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Kiddie Academy | 4 | 0.8% | |
| 2 | Primrose Schools | 2 | 0.4% | |
| 3 | Holiday Inn Express | 2 | 0.4% | |
| 4 | The Learning Experience | 2 | 0.4% | |
| 5 | Sunoco, LLC | 1 | 0.2% | |
| 6 | Tru by Hilton | 1 | 0.2% | |
| 7 | The Goddard School | 1 | 0.2% | |
| 8 | Hampton Inn by Hilton | 1 | 0.2% |
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 | Atlantic Union Bank | 65 | 12.4% | |
| 2 | M&T Bank Corporation | 58 | 11.1% | |
| 3 | TowneBank | 40 | 7.6% | |
| 4 | Burke & Herbert Bank & Trust Company | 22 | 4.2% | |
| 5 | The Freedom Bank of Virginia | 15 | 2.9% | |
| 6 | Bank of Clarke | 15 | 2.9% | |
| 7 | Capital Bank, National Association | 14 | 2.7% | |
| 8 | John Marshall Bank | 12 | 2.3% | |
| 9 | Dollar Bank, A Federal Savings Bank | 12 | 2.3% | |
| 10 | EagleBank | 11 | 2.1% |
Questions and answers
How many SBA loans does Business Finance Group, Inc. make?
SBA approved 88 504 loans through Business Finance Group, Inc. in FY2025, worth $81.1M, and 524 over FY2021 to FY2025. That ranks 19th of 182 active CDCs by number of approvals.
How large are Business Finance Group, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $584K and the average $953K. The program-wide median was $657K.
What is Business Finance Group, Inc.'s charge-off rate?
Of 1,166 disbursed loans approved in FY2010 to FY2021, SBA records 11 as charged off (0.9%), 521 as paid in full and 634 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 Business Finance Group, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (41); automotive repair and maintenance (33); offices of other health practitioners (30); child day care services (23).
Where does Business Finance Group, Inc. make SBA loans?
In 8 states and territories. Virginia 353, Maryland 139, District of Columbia 16, West Virginia 11, North Carolina 2. In Virginia it accounts for 51.6% of all 504 approvals.
Is Business Finance Group, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 251, against 376 in the three before: falling (-33%).
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