Lenders › Florida Business Development Corporation
504 CDCTampa, Floridacertified development company2nd of 182 by approvals
Florida Business Development Corporation
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.
Florida Business Development Corporation, based in Tampa, Florida, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 2,116 of its 504 loans worth $2.01bn in FY2021 to FY2025, which places it 2nd of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 418 approvals totalling $441M, about level with FY2024 (412). FY2026 to 30 Jun 2026 adds 278 more.
The median approval was $597K, against $657K for the 504 program as a whole; 6.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 10 states and territories and 154 counties, led by Florida (79.8%), Georgia (15.1%) and Alabama (4.5%). The largest industry group was health care and social assistance at 16.6% of approvals, and 8.5% of approvals were to franchise businesses.
Of 3,045 disbursed loans approved in FY2010 to FY2021, SBA records 38 as charged off (1.2%), 1,694 as paid in full and 1,313 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* | 278 | $314M | $697K | $1.1M | 1,645 |
| FY2025 | 418 | $441M | $697K | $1.1M | 2,073 |
| FY2024 | 412 | $444M | $649K | $1.1M | 2,357 |
| FY2023 | 416 | $402M | $590K | $967K | 2,670 |
| FY2022 | 427 | $419M | $675K | $982K | 2,499 |
| FY2021 | 443 | $305M | $464K | $688K | 1,206 |
| FY2020 | 344 | $256M | $456K | $744K | 1,246 |
| FY2019 | 215 | $168M | $469K | $783K | 827 |
| FY2018 | 203 | $166M | $490K | $817K | 844 |
| FY2017 | 234 | $185M | $474K | $791K | 1,411 |
| FY2016 | 243 | $149M | $412K | $615K | 1,629 |
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 1,239 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 | Florida | 504 program |
|---|---|---|---|
| Approvals in these years | 3,891 | 6,694 | 85,591 |
| Cancelled or never disbursed | 846 | 1,515 | 12,514 |
| Disbursed loans | 3,045 | 5,179 | 73,077 |
| Paid in full | 1,694 | 2,697 | 35,491 |
| Charged off | 38 | 53 | 905 |
| Still outstanding (status exempt from disclosure) | 1,313 | 2,429 | 36,681 |
| Charged off, share of disbursed loans | 1.2% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.2% | 0.6% | 0.9% |
| Dollars charged off | $22.1M | $20.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 343 | 62 | 1 | 0.3% | 0.1% |
| FY2020 | 257 | 56 | 0 | 0.0% | 0.1% |
| FY2019 | 172 | 57 | 0 | 0.0% | 0.3% |
| FY2018 | 155 | 68 | 0 | 0.0% | 0.4% |
| FY2017 | 192 | 93 | 0 | 0.0% | 0.8% |
| FY2016 | 192 | 100 | 3 | 1.6% | 1.0% |
| FY2015 | 205 | 124 | 2 | 1.0% | 1.2% |
| FY2014 | 215 | 143 | 2 | 0.9% | 1.3% |
| FY2013 | 328 | 238 | 6 | 1.8% | 1.4% |
| FY2012 | 395 | 294 | 6 | 1.5% | 2.0% |
| FY2011 | 283 | 230 | 6 | 2.1% | 2.1% |
| FY2010 | 308 | 229 | 12 | 3.9% | 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 | $597K | $657K |
| Average approval | $950K | $1.0M |
| Approvals of $150,000 or less | 6.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 14.0% | 14.4% |
| Approvals to franchise businesses | 8.5% | 9.0% |
| Jobs supported per approval, as reported | 5.1 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.2% | 1.2% |
States served
| # | State of the business (10 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 1,689 | $1.53bn | 79.8% | |
| 2 | Georgia | 319 | $363M | 15.1% | |
| 3 | Alabama | 95 | $101M | 4.5% | |
| 4 | North Carolina | 4 | $7.8M | 0.2% | |
| 5 | Louisiana | 3 | $1.4M | 0.1% | |
| 6 | Tennessee | 2 | — | 0.1% | |
| 7 | South Carolina | 1 | — | 0.0% | |
| 8 | Ohio | 1 | — | 0.0% | |
| 9 | Mississippi | 1 | — | 0.0% | |
| 10 | Illinois | 1 | — | 0.0% |
In Florida the lender accounts for 46.9% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (154 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Miami-Dade County, FL | 372 | $353M | 17.6% | |
| 2 | Hillsborough County, FL | 171 | $122M | 8.1% | |
| 3 | Broward County, FL | 153 | $155M | 7.2% | |
| 4 | Orange County, FL | 139 | $137M | 6.6% | |
| 5 | Pinellas County, FL | 114 | $79.5M | 5.4% | |
| 6 | Palm Beach County, FL | 80 | $93.8M | 3.8% | |
| 7 | Pasco County, FL | 56 | $53.2M | 2.6% | |
| 8 | Sarasota County, FL | 53 | $40.6M | 2.5% | |
| 9 | Seminole County, FL | 52 | $38.5M | 2.5% | |
| 10 | Duval County, FL | 48 | $43.3M | 2.3% | |
| 11 | Fulton County, GA | 48 | $39.7M | 2.3% | |
| 12 | Manatee County, FL | 36 | $35.8M | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 351 | 16.6% | |
| 2 | Accommodation and Food Services | 258 | 12.2% | |
| 3 | Retail Trade | 246 | 11.6% | |
| 4 | Other Services (except Public Administration) | 213 | 10.1% | |
| 5 | Construction | 197 | 9.3% | |
| 6 | Professional, Scientific, and Technical Services | 197 | 9.3% | |
| 7 | Manufacturing | 138 | 6.5% | |
| 8 | Wholesale Trade | 129 | 6.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 150 | 7.1% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 103 | 4.9% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 97 | 4.6% | |
| 4 | Child Day Care ServicesNAICS 6244 | 89 | 4.2% | |
| 5 | Legal ServicesNAICS 5411 | 85 | 4.0% | |
| 6 | Traveler AccommodationNAICS 7211 | 81 | 3.8% | |
| 7 | Offices of PhysiciansNAICS 6211 | 70 | 3.3% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 57 | 2.7% | |
| 9 | Other Specialty Trade ContractorsNAICS 2389 | 55 | 2.6% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 47 | 2.2% |
Approval sizes
- $50,000 or less0.0%1
- $50,001 to $150,0005.9%125
- $150,001 to $350,00022.9%484
- $350,001 to $1 million40.4%854
- $1 million to $2 million18.9%399
- Over $2 million12.0%253
Loan terms
- Over 5 to 10 years1.4%29
- Over 10 to 20 years4.4%94
- Over 20 years94.2%1,993
Age of the businesses
- Existing, more than 2 years old82.7%1,749
- New business, 2 years or less2.1%44
- Startup, loan funds will open the business11.9%252
- Change of ownership3.4%71
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 1,455 | 68.8% | |
| 2 | ALP Express | 421 | 19.9% | |
| 3 | 504 Refinancing Program | 165 | 7.8% | |
| 4 | ALP Express Debt Refi | 35 | 1.7% | |
| 5 | 504 Basic | 21 | 1.0% | |
| 6 | Premier Certified Lenders Program | 18 | 0.9% |
Franchise share
179 of 2,116 approvals in FY2021–FY2025 (8.5%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Culver's ButterBurgers & Frozen Custard | 7 | 0.3% | |
| 2 | Holiday Inn Express | 6 | 0.3% | |
| 3 | Kiddie Academy | 5 | 0.2% | |
| 4 | Days Inn | 5 | 0.2% | |
| 5 | Hampton Inn by Hilton | 4 | 0.2% | |
| 6 | Comfort Inn | 4 | 0.2% | |
| 7 | Vicky Bakery | 4 | 0.2% | |
| 8 | Fazoli's | 4 | 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 | Bank of America, National Association | 110 | 5.2% | |
| 2 | Seacoast National Bank | 103 | 4.9% | |
| 3 | Ocean Bank | 86 | 4.1% | |
| 4 | Truist Bank | 79 | 3.7% | |
| 5 | The Bank of Tampa | 62 | 2.9% | |
| 6 | First-Citizens Bank & Trust Company | 52 | 2.5% | |
| 7 | United Community Bank | 49 | 2.3% | |
| 8 | TD Bank, National Association | 48 | 2.3% | |
| 9 | SouthState Bank, National Association | 48 | 2.3% | |
| 10 | Valley National Bank | 39 | 1.8% |
Questions and answers
How many SBA loans does Florida Business Development Corporation make?
SBA approved 418 504 loans through Florida Business Development Corporation in FY2025, worth $441M, and 2,116 over FY2021 to FY2025. That ranks 2nd of 182 active CDCs by number of approvals.
How large are Florida Business Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $597K and the average $950K. The program-wide median was $657K.
What is Florida Business Development Corporation's charge-off rate?
Of 3,045 disbursed loans approved in FY2010 to FY2021, SBA records 38 as charged off (1.2%), 1,694 as paid in full and 1,313 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 Florida Business Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (150); offices of other health practitioners (103); automotive repair and maintenance (97); child day care services (89).
Where does Florida Business Development Corporation make SBA loans?
In 10 states and territories. Florida 1,689, Georgia 319, Alabama 95, North Carolina 4, Louisiana 3. In Florida it accounts for 46.9% of all 504 approvals.
Is Florida Business Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 1,246, against 1,214 in the three before: broadly level (+3%).
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