Lenders › CDC Small Business Finance Corp.
504 CDCSan Diego, Californiacertified development company10th of 182 by approvals
CDC Small Business Finance Corp.
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.
CDC Small Business Finance Corp. (San Diego, California) is a certified development company (CDC) that makes SBA 504 loans, 10th of 182 by approvals in FY2021 to FY2025: 1,098 loans worth $1.31bn.
In FY2025, the latest complete fiscal year, it had 79 approvals totalling $94.5M, up 16% on FY2024 (68). FY2026 to 30 Jun 2026 adds 51 more.
The median approval was $824K, against $657K for the 504 program as a whole; 1.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 6 states and territories and 53 counties, led by California (77.7%), Arizona (19.9%) and Nevada (2.2%). The largest industry group was professional, scientific, and technical services at 13.6% of approvals, and 5.1% of approvals were to franchise businesses.
Of 3,808 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (0.4%), 2,136 as paid in full and 1,657 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* | 51 | $57.0M | $695K | $1.1M | 721 |
| FY2025 | 79 | $94.5M | $766K | $1.2M | 1,606 |
| FY2024 | 68 | $73.4M | $824K | $1.1M | 1,025 |
| FY2023 | 144 | $166M | $748K | $1.2M | 2,370 |
| FY2022 | 407 | $539M | $950K | $1.3M | 8,289 |
| FY2021 | 400 | $436M | $778K | $1.1M | 7,104 |
| FY2020 | 283 | $292M | $711K | $1.0M | 5,231 |
| FY2019 | 292 | $276M | $704K | $945K | 4,488 |
| FY2018 | 264 | $315M | $779K | $1.2M | 5,816 |
| FY2017 | 299 | $335M | $722K | $1.1M | 6,633 |
| FY2016 | 307 | $313M | $647K | $1.0M | 5,973 |
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 1,445 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 | 4,358 | 16,149 | 85,591 |
| Cancelled or never disbursed | 550 | 1,904 | 12,514 |
| Disbursed loans | 3,808 | 14,245 | 73,077 |
| Paid in full | 2,136 | 7,213 | 35,491 |
| Charged off | 15 | 54 | 905 |
| Still outstanding (status exempt from disclosure) | 1,657 | 6,978 | 36,681 |
| Charged off, share of disbursed loans | 0.4% | 0.4% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.3% | 0.3% | 0.9% |
| Dollars charged off | $11.7M | $38.6M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 355 | 46 | 2 | 0.6% | 0.1% |
| FY2020 | 251 | 38 | 0 | 0.0% | 0.1% |
| FY2019 | 259 | 55 | 0 | 0.0% | 0.3% |
| FY2018 | 241 | 90 | 1 | 0.4% | 0.4% |
| FY2017 | 248 | 115 | 0 | 0.0% | 0.8% |
| FY2016 | 259 | 141 | 1 | 0.4% | 1.0% |
| FY2015 | 258 | 172 | 0 | 0.0% | 1.2% |
| FY2014 | 280 | 205 | 0 | 0.0% | 1.3% |
| FY2013 | 376 | 297 | 1 | 0.3% | 1.4% |
| FY2012 | 452 | 335 | 3 | 0.7% | 2.0% |
| FY2011 | 460 | 352 | 3 | 0.7% | 2.1% |
| FY2010 | 369 | 290 | 4 | 1.1% | 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 | $824K | $657K |
| Average approval | $1.2M | $1.0M |
| Approvals of $150,000 or less | 1.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 3.6% | 14.4% |
| Approvals to franchise businesses | 5.1% | 9.0% |
| Jobs supported per approval, as reported | 18.6 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.4% | 1.2% |
States served
| # | State of the business (6 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 853 | $1.06bn | 77.7% | |
| 2 | Arizona | 218 | $212M | 19.9% | |
| 3 | Nevada | 24 | $30.9M | 2.2% | |
| 4 | New York | 1 | — | 0.1% | |
| 5 | Texas | 1 | — | 0.1% | |
| 6 | Utah | 1 | — | 0.1% |
In California the lender accounts for 11.8% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (53 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 264 | $364M | 24.0% | |
| 2 | Maricopa County, AZ | 179 | $181M | 16.3% | |
| 3 | San Diego County, CA | 163 | $168M | 14.8% | |
| 4 | Orange County, CA | 98 | $144M | 8.9% | |
| 5 | Ventura County, CA | 90 | $88.8M | 8.2% | |
| 6 | Riverside County, CA | 78 | $77.5M | 7.1% | |
| 7 | San Bernardino County, CA | 49 | $76.6M | 4.5% | |
| 8 | Clark County, NV | 19 | $28.3M | 1.7% | |
| 9 | Sacramento County, CA | 19 | $20.8M | 1.7% | |
| 10 | Santa Barbara County, CA | 18 | $22.4M | 1.6% | |
| 11 | Santa Clara County, CA | 11 | $21.5M | 1.0% | |
| 12 | Pinal County, AZ | 10 | $8.4M | 0.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Professional, Scientific, and Technical Services | 149 | 13.6% | |
| 2 | Health Care and Social Assistance | 148 | 13.5% | |
| 3 | Retail Trade | 121 | 11.0% | |
| 4 | Construction | 117 | 10.7% | |
| 5 | Manufacturing | 106 | 9.7% | |
| 6 | Wholesale Trade | 96 | 8.7% | |
| 7 | Other Services (except Public Administration) | 95 | 8.7% | |
| 8 | Accommodation and Food Services | 74 | 6.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 55 | 5.0% | |
| 2 | Legal ServicesNAICS 5411 | 45 | 4.1% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 44 | 4.0% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 44 | 4.0% | |
| 5 | Offices of PhysiciansNAICS 6211 | 37 | 3.4% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 36 | 3.3% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 33 | 3.0% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 26 | 2.4% | |
| 9 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 24 | 2.2% | |
| 10 | Offices of DentistsNAICS 6212 | 24 | 2.2% |
Approval sizes
- $50,001 to $150,0001.1%12
- $150,001 to $350,00012.6%138
- $350,001 to $1 million44.4%487
- $1 million to $2 million26.7%293
- Over $2 million15.3%168
Loan terms
- Over 5 to 10 years0.4%4
- Over 10 to 20 years2.1%23
- Over 20 years97.5%1,071
Age of the businesses
- Existing, more than 2 years old95.6%1,050
- New business, 2 years or less0.5%6
- Startup, loan funds will open the business3.0%33
- Change of ownership0.8%9
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 803 | 73.1% | |
| 2 | ALP Express | 84 | 7.7% | |
| 3 | Premier Certified Lenders Program | 83 | 7.6% | |
| 4 | 504 Refinancing Program | 73 | 6.6% | |
| 5 | 504 Basic | 53 | 4.8% | |
| 6 | ALP Express Debt Refi | 2 | 0.2% |
Franchise share
56 of 1,098 approvals in FY2021–FY2025 (5.1%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ace Hardware | 4 | 0.4% | |
| 2 | SunPower | 2 | 0.2% | |
| 3 | ServiceMaster | 2 | 0.2% | |
| 4 | Sotheby's International Realty | 2 | 0.2% | |
| 5 | Federico's Mexican Food Restaurant | 2 | 0.2% | |
| 6 | Sit Means Sit | 2 | 0.2% | |
| 7 | Ziggi's Coffee | 2 | 0.2% | |
| 8 | Motel 6 | 1 | 0.1% |
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 | 123 | 11.2% | |
| 2 | Bank of America, National Association | 56 | 5.1% | |
| 3 | Wells Fargo Bank National Association | 53 | 4.8% | |
| 4 | First Citizens Bank | 50 | 4.6% | |
| 5 | Zions Bank, A Division of | 43 | 3.9% | |
| 6 | U.S. Bank, National Association | 38 | 3.5% | |
| 7 | City National Bank | 34 | 3.1% | |
| 8 | CalPrivate Bank | 29 | 2.6% | |
| 9 | Mission Bank | 28 | 2.6% | |
| 10 | First Fidelity Bank | 25 | 2.3% |
Questions and answers
How many SBA loans does CDC Small Business Finance Corp. make?
SBA approved 79 504 loans through CDC Small Business Finance Corp. in FY2025, worth $94.5M, and 1,098 over FY2021 to FY2025. That ranks 10th of 182 active CDCs by number of approvals.
How large are CDC Small Business Finance Corp.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $824K and the average $1.2M. The program-wide median was $657K.
What is CDC Small Business Finance Corp.'s charge-off rate?
Of 3,808 disbursed loans approved in FY2010 to FY2021, SBA records 15 as charged off (0.4%), 2,136 as paid in full and 1,657 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 CDC Small Business Finance Corp. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (55); legal services (45); other specialty trade contractors (44); automotive repair and maintenance (44).
Where does CDC Small Business Finance Corp. make SBA loans?
In 6 states and territories. California 853, Arizona 218, Nevada 24, New York 1, Texas 1. In California it accounts for 11.8% of all 504 approvals.
Is CDC Small Business Finance Corp.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 291, against 1,090 in the three before: falling (-73%).
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