Lenders › JEDCO Development Corporation
504 CDCAvondale, Louisianacertified development company140th of 182 by approvals
JEDCO 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.
In FY2021 to FY2025 SBA approved 26 504 loans, worth $36.7M, through JEDCO Development Corporation of Avondale, Louisiana, a certified development company (CDC) that makes SBA 504 loans. By number of approvals that is 140th among 182 active CDCs.
In FY2025, the latest complete fiscal year, it had 8 approvals totalling $16.5M. FY2026 to 30 Jun 2026 adds 1 more.
The median approval was $918K, against $657K for the 504 program as a whole; 7.7% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 15 counties, led by Louisiana (92.3%), Texas (3.8%) and Mississippi (3.8%). The largest industry group was accommodation and food services at 46.2% of approvals, and 11.5% of approvals were to franchise businesses.
JEDCO Development Corporation has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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* | 1 | — | — | — | 16 |
| FY2025 | 8 | $16.5M | $902K | $2.1M | 62 |
| FY2024 | 7 | $9.0M | $1.2M | $1.3M | 60 |
| FY2023 | 0 | — | — | — | 0 |
| FY2022 | 5 | $5.8M | $474K | $1.2M | 118 |
| FY2021 | 6 | $5.3M | $756K | $889K | 82 |
| FY2020 | 1 | — | — | — | 16 |
| FY2019 | 5 | $3.5M | $423K | $692K | 57 |
| FY2018 | 4 | $2.7M | $526K | $666K | 46 |
| FY2017 | 2 | — | — | — | 22 |
| FY2016 | 1 | — | — | — | 11 |
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 13 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 | Louisiana | 504 program |
|---|---|---|---|
| Approvals in these years | 28 | 351 | 85,591 |
| Cancelled or never disbursed | 2 | 48 | 12,514 |
| Disbursed loans | 26 | 303 | 73,077 |
| Paid in full | 9 | 145 | 35,491 |
| Charged off | 0 | 4 | 905 |
| Still outstanding (status exempt from disclosure) | 17 | 154 | 36,681 |
| Charged off, share of disbursed loans | too few loans | 1.3% | 1.2% |
| Dollars charged off, share of disbursed dollars | too few loans | 0.9% | 0.9% |
| Dollars charged off | — | $1.8M | $499M |
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $918K | $657K |
| Average approval | $1.4M | $1.0M |
| Approvals of $150,000 or less | 7.7% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 3.8% | 14.4% |
| Approvals to franchise businesses | 11.5% | 9.0% |
| Jobs supported per approval, as reported | 12.4 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Louisiana | 24 | $30.4M | 92.3% | |
| 2 | Texas | 1 | — | 3.8% | |
| 3 | Mississippi | 1 | — | 3.8% |
In Louisiana the lender accounts for 20.2% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (15 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Jefferson Parish, LA | 11 | $8.3M | 42.3% | |
| 2 | St. Tammany Parish, LA | 2 | — | 7.7% | |
| 3 | Harris County, TX | 1 | — | 3.8% | |
| 4 | Calcasieu Parish, LA | 1 | — | 3.8% | |
| 5 | Lafayette Parish, LA | 1 | — | 3.8% | |
| 6 | Caddo Parish, LA | 1 | — | 3.8% | |
| 7 | East Baton Rouge Parish, LA | 1 | — | 3.8% | |
| 8 | Ascension Parish, LA | 1 | — | 3.8% | |
| 9 | Tangipahoa Parish, LA | 1 | — | 3.8% | |
| 10 | Lincoln Parish, LA | 1 | — | 3.8% | |
| 11 | Harrison County, MS | 1 | — | 3.8% | |
| 12 | Orleans Parish, LA | 1 | — | 3.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 12 | 46.2% | |
| 2 | Construction | 3 | 11.5% | |
| 3 | Manufacturing | 2 | 7.7% | |
| 4 | Other Services (except Public Administration) | 2 | 7.7% | |
| 5 | Real Estate and Rental and Leasing | 2 | 7.7% | |
| 6 | Wholesale Trade | 1 | 3.8% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 1 | 3.8% | |
| 8 | Finance and Insurance | 1 | 3.8% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 23.1% | |
| 2 | Traveler AccommodationNAICS 7211 | 5 | 19.2% | |
| 3 | Nonresidential Building ConstructionNAICS 2362 | 2 | 7.7% | |
| 4 | Offices of Real Estate Agents and BrokersNAICS 5312 | 2 | 7.7% | |
| 5 | Aerospace Product and Parts ManufacturingNAICS 3364 | 1 | 3.8% | |
| 6 | Special Food ServicesNAICS 7223 | 1 | 3.8% | |
| 7 | Beer, Wine, and Distilled Alcoholic Beverage Merchant WholesalersNAICS 4248 | 1 | 3.8% | |
| 8 | Waste CollectionNAICS 5621 | 1 | 3.8% | |
| 9 | Other Food ManufacturingNAICS 3119 | 1 | 3.8% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 1 | 3.8% |
Approval sizes
- $50,001 to $150,0007.7%2
- $150,001 to $350,00015.4%4
- $350,001 to $1 million34.6%9
- $1 million to $2 million15.4%4
- Over $2 million26.9%7
Loan terms
- Over 10 to 20 years50.0%13
- Over 20 years50.0%13
Age of the businesses
- Existing, more than 2 years old76.9%20
- Startup, loan funds will open the business3.8%1
- Change of ownership19.2%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 24 | 92.3% | |
| 2 | 504 Refinancing Program | 2 | 7.7% |
Franchise share
3 of 26 approvals in FY2021–FY2025 (11.5%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Holiday Inn Express | 1 | 3.8% | |
| 2 | Rotolo's Craft & Crust | 1 | 3.8% | |
| 3 | PJ's Coffee of New Orleans | 1 | 3.8% |
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 | Metairie Bank & Trust Company | 6 | 23.1% |
Questions and answers
How many SBA loans does JEDCO Development Corporation make?
SBA approved 8 504 loans through JEDCO Development Corporation in FY2025, worth $16.5M, and 26 over FY2021 to FY2025. That ranks 140th of 182 active CDCs by number of approvals.
How large are JEDCO Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $918K and the average $1.4M. The program-wide median was $657K.
What is JEDCO Development Corporation's charge-off rate?
JEDCO Development Corporation has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. 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 JEDCO Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (6); traveler accommodation (5); nonresidential building construction (2); offices of real estate agents and brokers (2).
Where does JEDCO Development Corporation make SBA loans?
In 3 states and territories. Louisiana 24, Texas 1, Mississippi 1. In Louisiana it accounts for 20.2% of all 504 approvals.
Is JEDCO Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 15, against 12 in the three before: rising (+25%).
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