Lenders › Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
504 CDCSan Juan, Puerto Ricocertified development company64th of 182 by approvals
Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)
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 124 504 loans, worth $50.1M, through Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) of San Juan, Puerto Rico, a certified development company (CDC) that makes SBA 504 loans. By number of approvals that is 64th among 182 active CDCs.
In FY2025, the latest complete fiscal year, it had 26 approvals totalling $10.1M, down 16% on FY2024 (31). FY2026 to 30 Jun 2026 adds 5 more.
The median approval was $233K, against $657K for the 504 program as a whole; 33.9% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 2 states and territories and 45 counties, led by Puerto Rico (99.2%) and U.S. Virgin Islands (0.8%). The largest industry group was health care and social assistance at 22.6% of approvals, and 2.4% of approvals were to franchise businesses.
Of 283 disbursed loans approved in FY2010 to FY2021, SBA records 14 as charged off (4.9%), 64 as paid in full and 205 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* | 5 | $1.2M | $222K | $236K | 15 |
| FY2025 | 26 | $10.1M | $266K | $389K | 134 |
| FY2024 | 31 | $16.8M | $412K | $540K | 298 |
| FY2023 | 31 | $9.8M | $193K | $316K | 462 |
| FY2022 | 17 | $8.9M | $251K | $526K | 133 |
| FY2021 | 19 | $4.5M | $108K | $236K | 67 |
| FY2020 | 25 | $8.7M | $265K | $347K | 131 |
| FY2019 | 30 | $10.8M | $178K | $361K | 158 |
| FY2018 | 22 | $5.2M | $138K | $238K | 104 |
| FY2017 | 21 | $6.8M | $156K | $325K | 324 |
| FY2016 | 34 | $10.3M | $127K | $302K | 284 |
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 132 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 | Puerto Rico | 504 program |
|---|---|---|---|
| Approvals in these years | 368 | 784 | 85,591 |
| Cancelled or never disbursed | 85 | 161 | 12,514 |
| Disbursed loans | 283 | 623 | 73,077 |
| Paid in full | 64 | 145 | 35,491 |
| Charged off | 14 | 33 | 905 |
| Still outstanding (status exempt from disclosure) | 205 | 445 | 36,681 |
| Charged off, share of disbursed loans | 4.9% | 5.3% | 1.2% |
| Dollars charged off, share of disbursed dollars | 6.3% | 4.6% | 0.9% |
| Dollars charged off | $5.8M | $9.5M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 12 | 0 | 0 | — | 0.1% |
| FY2020 | 16 | 1 | 0 | — | 0.1% |
| FY2019 | 17 | 0 | 0 | — | 0.3% |
| FY2018 | 16 | 1 | 0 | — | 0.4% |
| FY2017 | 16 | 3 | 0 | — | 0.8% |
| FY2016 | 24 | 5 | 0 | — | 1.0% |
| FY2015 | 32 | 7 | 1 | 3.1% | 1.2% |
| FY2014 | 29 | 11 | 0 | — | 1.3% |
| FY2013 | 42 | 16 | 1 | 2.4% | 1.4% |
| FY2012 | 30 | 9 | 7 | 23.3% | 2.0% |
| FY2011 | 22 | 4 | 1 | — | 2.1% |
| FY2010 | 27 | 7 | 4 | — | 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 | $233K | $657K |
| Average approval | $404K | $1.0M |
| Approvals of $150,000 or less | 33.9% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 19.4% | 14.4% |
| Approvals to franchise businesses | 2.4% | 9.0% |
| Jobs supported per approval, as reported | 8.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 4.9% | 1.2% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Puerto Rico | 123 | $49.6M | 99.2% | |
| 2 | U.S. Virgin Islands | 1 | — | 0.8% |
In Puerto Rico the lender accounts for 43.8% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (45 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | San Juan Municipio, PR | 22 | $5.3M | 17.7% | |
| 2 | Bayamon Municipio, PR | 13 | $7.6M | 10.5% | |
| 3 | Ponce Municipio, PR | 12 | $5.6M | 9.7% | |
| 4 | Toa Baja Municipio, PR | 6 | $1.7M | 4.8% | |
| 5 | Mayaguez Municipio, PR | 5 | $1.8M | 4.0% | |
| 6 | Aguadilla Municipio, PR | 5 | $1.2M | 4.0% | |
| 7 | Carolina Municipio, PR | 3 | $3.7M | 2.4% | |
| 8 | Anasco Municipio, PR | 3 | $3.3M | 2.4% | |
| 9 | Caguas Municipio, PR | 3 | $1.3M | 2.4% | |
| 10 | Trujillo Alto Municipio, PR | 3 | $561K | 2.4% | |
| 11 | Arecibo Municipio, PR | 3 | $385K | 2.4% | |
| 12 | Cayey Municipio, PR | 2 | — | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 28 | 22.6% | |
| 2 | Retail Trade | 24 | 19.4% | |
| 3 | Accommodation and Food Services | 23 | 18.5% | |
| 4 | Manufacturing | 16 | 12.9% | |
| 5 | Other Services (except Public Administration) | 12 | 9.7% | |
| 6 | Professional, Scientific, and Technical Services | 6 | 4.8% | |
| 7 | Wholesale Trade | 6 | 4.8% | |
| 8 | Construction | 5 | 4.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 18 | 14.5% | |
| 2 | Offices of PhysiciansNAICS 6211 | 11 | 8.9% | |
| 3 | Health and Personal Care RetailersNAICS 4561 | 7 | 5.6% | |
| 4 | Personal Care ServicesNAICS 8121 | 7 | 5.6% | |
| 5 | Traveler AccommodationNAICS 7211 | 5 | 4.0% | |
| 6 | Medical and Diagnostic LaboratoriesNAICS 6215 | 5 | 4.0% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 5 | 4.0% | |
| 8 | Printing and Related Support ActivitiesNAICS 3231 | 3 | 2.4% | |
| 9 | Commercial and Service Industry Machinery ManufacturingNAICS 3333 | 3 | 2.4% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 2.4% |
Approval sizes
- $50,000 or less2.4%3
- $50,001 to $150,00031.5%39
- $150,001 to $350,00032.3%40
- $350,001 to $1 million25.0%31
- $1 million to $2 million6.5%8
- Over $2 million2.4%3
Loan terms
- Over 5 to 10 years24.2%30
- Over 10 to 20 years73.4%91
- Over 20 years2.4%3
Age of the businesses
- Existing, more than 2 years old79.8%99
- New business, 2 years or less0.8%1
- Startup, loan funds will open the business18.5%23
- Change of ownership0.8%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 121 | 97.6% | |
| 2 | 504 Refinancing Program | 3 | 2.4% |
Franchise share
3 of 124 approvals in FY2021–FY2025 (2.4%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Arby's | 2 | 1.6% | |
| 2 | Texas Roadhouse | 1 | 0.8% |
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 | Banco Popular de Puerto Rico | 50 | 40.3% | |
| 2 | Oriental Bank | 39 | 31.5% | |
| 3 | FirstBank Puerto Rico | 10 | 8.1% | |
| 4 | Economic Development Bank for Puerto Rico | 9 | 7.3% |
Questions and answers
How many SBA loans does Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) make?
SBA approved 26 504 loans through Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) in FY2025, worth $10.1M, and 124 over FY2021 to FY2025. That ranks 64th of 182 active CDCs by number of approvals.
How large are Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $233K and the average $404K. The program-wide median was $657K.
What is Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)'s charge-off rate?
Of 283 disbursed loans approved in FY2010 to FY2021, SBA records 14 as charged off (4.9%), 64 as paid in full and 205 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 Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (18); offices of physicians (11); health and personal care retailers (7); personal care services (7).
Where does Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC) make SBA loans?
In 2 states and territories. Puerto Rico 123, U.S. Virgin Islands 1. In Puerto Rico it accounts for 43.8% of all 504 approvals.
Is Corp. Financiamiento Empresarial del Comercio y Comunidades (COFECC)'s SBA lending rising?
Approvals in the three latest complete fiscal years total 88, against 61 in the three before: rising (+44%).
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