Lenders › Independent Development Services Corporation
504 CDCFort Myers, Floridacertified development company117th of 182 by approvals
Independent Development Services 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.
Independent Development Services Corporation (Fort Myers, Florida) is a certified development company (CDC) that makes SBA 504 loans, 117th of 182 by approvals in FY2021 to FY2025: 38 loans worth $70.8M.
In FY2025, the latest complete fiscal year, it had 5 approvals totalling $17.4M. FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $1.4M, against $657K for the 504 program as a whole; 0.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 4 states and territories and 21 counties, led by Florida (89.5%), Louisiana (5.3%) and North Carolina (2.6%). The largest industry group was accommodation and food services at 47.4% of approvals, and 42.1% of approvals were to franchise businesses.
Of 146 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (0.7%), 87 as paid in full and 58 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* | 3 | $10.3M | $3.6M | $3.4M | 47 |
| FY2025 | 5 | $17.4M | $5.0M | $3.5M | 182 |
| FY2024 | 3 | $12.0M | $4.9M | $4.0M | 24 |
| FY2023 | 2 | — | — | — | 105 |
| FY2022 | 16 | $19.6M | $1.0M | $1.2M | 181 |
| FY2021 | 12 | $17.6M | $1.3M | $1.5M | 109 |
| FY2020 | 12 | $14.3M | $807K | $1.2M | 193 |
| FY2019 | 3 | $6.1M | $404K | $2.0M | 11 |
| FY2018 | 7 | $12.0M | $1.8M | $1.7M | 56 |
| FY2017 | 12 | $17.9M | $1.2M | $1.5M | 172 |
| FY2016 | 21 | $28.3M | $1.0M | $1.3M | 307 |
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 55 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 | 172 | 6,694 | 85,591 |
| Cancelled or never disbursed | 26 | 1,515 | 12,514 |
| Disbursed loans | 146 | 5,179 | 73,077 |
| Paid in full | 87 | 2,697 | 35,491 |
| Charged off | 1 | 53 | 905 |
| Still outstanding (status exempt from disclosure) | 58 | 2,429 | 36,681 |
| Charged off, share of disbursed loans | 0.7% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.1% | 0.6% | 0.9% |
| Dollars charged off | $171K | $20.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 10 | 0 | 0 | — | 0.1% |
| FY2020 | 12 | 4 | 0 | — | 0.1% |
| FY2019 | 3 | 0 | 0 | — | 0.3% |
| FY2018 | 6 | 5 | 0 | — | 0.4% |
| FY2017 | 11 | 8 | 0 | — | 0.8% |
| FY2016 | 18 | 6 | 0 | — | 1.0% |
| FY2015 | 13 | 7 | 0 | — | 1.2% |
| FY2014 | 10 | 6 | 0 | — | 1.3% |
| FY2013 | 10 | 9 | 0 | — | 1.4% |
| FY2012 | 14 | 12 | 0 | — | 2.0% |
| FY2011 | 21 | 15 | 0 | — | 2.1% |
| FY2010 | 18 | 15 | 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 | $1.4M | $657K |
| Average approval | $1.9M | $1.0M |
| Approvals of $150,000 or less | 0.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 39.5% | 14.4% |
| Approvals to franchise businesses | 42.1% | 9.0% |
| Jobs supported per approval, as reported | 15.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.7% | 1.2% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 34 | $56.3M | 89.5% | |
| 2 | Louisiana | 2 | — | 5.3% | |
| 3 | North Carolina | 1 | — | 2.6% | |
| 4 | Arkansas | 1 | — | 2.6% |
In Florida the lender accounts for 0.9% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (21 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Lee County, FL | 6 | $6.1M | 15.8% | |
| 2 | Pinellas County, FL | 4 | $11.9M | 10.5% | |
| 3 | Manatee County, FL | 3 | $4.0M | 7.9% | |
| 4 | East Baton Rouge Parish, LA | 2 | — | 5.3% | |
| 5 | Pasco County, FL | 2 | — | 5.3% | |
| 6 | Polk County, FL | 2 | — | 5.3% | |
| 7 | Monroe County, FL | 2 | — | 5.3% | |
| 8 | Orange County, FL | 2 | — | 5.3% | |
| 9 | Broward County, FL | 2 | — | 5.3% | |
| 10 | Miami-Dade County, FL | 2 | — | 5.3% | |
| 11 | Escambia County, FL | 1 | — | 2.6% | |
| 12 | Mecklenburg County, NC | 1 | — | 2.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 18 | 47.4% | |
| 2 | Other Services (except Public Administration) | 6 | 15.8% | |
| 3 | Real Estate and Rental and Leasing | 4 | 10.5% | |
| 4 | Health Care and Social Assistance | 2 | 5.3% | |
| 5 | Manufacturing | 1 | 2.6% | |
| 6 | Transportation and Warehousing | 1 | 2.6% | |
| 7 | Educational Services | 1 | 2.6% | |
| 8 | Retail Trade | 1 | 2.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 28.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 7 | 18.4% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 13.2% | |
| 4 | Lessors of Real EstateNAICS 5311 | 3 | 7.9% | |
| 5 | Other Miscellaneous ManufacturingNAICS 3399 | 1 | 2.6% | |
| 6 | Support Activities for Air TransportationNAICS 4881 | 1 | 2.6% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 1 | 2.6% | |
| 8 | Colleges, Universities, and Professional SchoolsNAICS 6113 | 1 | 2.6% | |
| 9 | Building Material and Supplies DealersNAICS 4441 | 1 | 2.6% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 1 | 2.6% |
Approval sizes
- $150,001 to $350,00010.5%4
- $350,001 to $1 million18.4%7
- $1 million to $2 million36.8%14
- Over $2 million34.2%13
Loan terms
- Over 10 to 20 years5.3%2
- Over 20 years94.7%36
Age of the businesses
- Existing, more than 2 years old50.0%19
- New business, 2 years or less2.6%1
- Startup, loan funds will open the business36.8%14
- Change of ownership10.5%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 35 | 92.1% | |
| 2 | 504 Refinancing Program | 3 | 7.9% |
Franchise share
16 of 38 approvals in FY2021–FY2025 (42.1%) 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 | 18.4% | |
| 2 | Zaxby's | 2 | 5.3% | |
| 3 | Crown Plaza Hotels & Resorts | 1 | 2.6% | |
| 4 | Residence Inn by Marriott | 1 | 2.6% | |
| 5 | EVEN Hotels | 1 | 2.6% | |
| 6 | Home 2 Suites by Hilton | 1 | 2.6% | |
| 7 | TownePlace Suites by Marriott | 1 | 2.6% | |
| 8 | World Fuel Services, Inc. Fuel Supply Agreement | 1 | 2.6% |
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 Five Nine | 10 | 26.3% |
Questions and answers
How many SBA loans does Independent Development Services Corporation make?
SBA approved 5 504 loans through Independent Development Services Corporation in FY2025, worth $17.4M, and 38 over FY2021 to FY2025. That ranks 117th of 182 active CDCs by number of approvals.
How large are Independent Development Services Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $1.4M and the average $1.9M. The program-wide median was $657K.
What is Independent Development Services Corporation's charge-off rate?
Of 146 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (0.7%), 87 as paid in full and 58 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 Independent Development Services Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (11); traveler accommodation (7); automotive repair and maintenance (5); lessors of real estate (3).
Where does Independent Development Services Corporation make SBA loans?
In 4 states and territories. Florida 34, Louisiana 2, North Carolina 1, Arkansas 1. In Florida it accounts for 0.9% of all 504 approvals.
Is Independent Development Services Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 10, against 40 in the three before: falling (-75%).
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