Lenders › Mortgage Capital Development Corporation
504 CDCOakland, Californiacertified development company1st of 182 by approvals
Mortgage Capital 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.
Mortgage Capital Development Corporation, based in Oakland, California, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 2,384 of its 504 loans worth $3.19bn in FY2021 to FY2025, which places it 1st of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 548 approvals totalling $836M, up 12% on FY2024 (490). FY2026 to 30 Jun 2026 adds 354 more.
The median approval was $913K, against $657K for the 504 program as a whole; 1.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 16 states and territories and 108 counties, led by California (65.9%), Arizona (21.2%) and Nevada (8.7%). The largest industry group was accommodation and food services at 14.7% of approvals, and 9.1% of approvals were to franchise businesses.
Of 2,879 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (0.3%), 1,397 as paid in full and 1,473 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* | 354 | $555M | $1.1M | $1.6M | 6,456 |
| FY2025 | 548 | $836M | $1.0M | $1.5M | 9,168 |
| FY2024 | 490 | $645M | $876K | $1.3M | 7,297 |
| FY2023 | 461 | $633M | $970K | $1.4M | 7,182 |
| FY2022 | 483 | $623M | $888K | $1.3M | 5,363 |
| FY2021 | 402 | $453M | $753K | $1.1M | 4,756 |
| FY2020 | 269 | $306M | $783K | $1.1M | 2,188 |
| FY2019 | 278 | $287M | $742K | $1.0M | 2,836 |
| FY2018 | 233 | $269M | $796K | $1.2M | 2,311 |
| FY2017 | 250 | $277M | $698K | $1.1M | 2,773 |
| FY2016 | 241 | $259M | $718K | $1.1M | 2,884 |
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 1,271 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 | 3,214 | 16,149 | 85,591 |
| Cancelled or never disbursed | 335 | 1,904 | 12,514 |
| Disbursed loans | 2,879 | 14,245 | 73,077 |
| Paid in full | 1,397 | 7,213 | 35,491 |
| Charged off | 9 | 54 | 905 |
| Still outstanding (status exempt from disclosure) | 1,473 | 6,978 | 36,681 |
| Charged off, share of disbursed loans | 0.3% | 0.4% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.2% | 0.3% | 0.9% |
| Dollars charged off | $4.5M | $38.6M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 369 | 37 | 0 | 0.0% | 0.1% |
| FY2020 | 229 | 40 | 1 | 0.4% | 0.1% |
| FY2019 | 249 | 53 | 1 | 0.4% | 0.3% |
| FY2018 | 207 | 63 | 0 | 0.0% | 0.4% |
| FY2017 | 207 | 81 | 1 | 0.5% | 0.8% |
| FY2016 | 209 | 113 | 1 | 0.5% | 1.0% |
| FY2015 | 198 | 114 | 1 | 0.5% | 1.2% |
| FY2014 | 176 | 110 | 0 | 0.0% | 1.3% |
| FY2013 | 270 | 185 | 0 | 0.0% | 1.4% |
| FY2012 | 272 | 209 | 0 | 0.0% | 2.0% |
| FY2011 | 290 | 231 | 1 | 0.3% | 2.1% |
| FY2010 | 203 | 161 | 3 | 1.5% | 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 | $913K | $657K |
| Average approval | $1.3M | $1.0M |
| Approvals of $150,000 or less | 1.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 8.7% | 14.4% |
| Approvals to franchise businesses | 9.1% | 9.0% |
| Jobs supported per approval, as reported | 14.2 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.3% | 1.2% |
States served
| # | State of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,571 | $2.17bn | 65.9% | |
| 2 | Arizona | 505 | $621M | 21.2% | |
| 3 | Nevada | 207 | $211M | 8.7% | |
| 4 | Oregon | 59 | $97.8M | 2.5% | |
| 5 | Hawaii | 13 | $19.0M | 0.5% | |
| 6 | Texas | 8 | $20.0M | 0.3% | |
| 7 | New Mexico | 4 | $10.8M | 0.2% | |
| 8 | Utah | 4 | $6.6M | 0.2% | |
| 9 | Iowa | 3 | $7.2M | 0.1% | |
| 10 | Missouri | 2 | — | 0.1% | |
| 11 | Washington | 2 | — | 0.1% | |
| 12 | Colorado | 2 | — | 0.1% |
In California the lender accounts for 21.8% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (108 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Maricopa County, AZ | 378 | $484M | 15.9% | |
| 2 | Los Angeles County, CA | 357 | $494M | 15.0% | |
| 3 | Clark County, NV | 181 | $181M | 7.6% | |
| 4 | Alameda County, CA | 160 | $207M | 6.7% | |
| 5 | Santa Clara County, CA | 124 | $215M | 5.2% | |
| 6 | San Diego County, CA | 107 | $144M | 4.5% | |
| 7 | Orange County, CA | 98 | $152M | 4.1% | |
| 8 | Sacramento County, CA | 88 | $106M | 3.7% | |
| 9 | San Francisco County, CA | 77 | $80.1M | 3.2% | |
| 10 | Riverside County, CA | 67 | $83.5M | 2.8% | |
| 11 | Contra Costa County, CA | 66 | $77.8M | 2.8% | |
| 12 | San Bernardino County, CA | 52 | $81.8M | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 350 | 14.7% | |
| 2 | Health Care and Social Assistance | 316 | 13.3% | |
| 3 | Construction | 280 | 11.7% | |
| 4 | Retail Trade | 270 | 11.3% | |
| 5 | Professional, Scientific, and Technical Services | 254 | 10.7% | |
| 6 | Manufacturing | 205 | 8.6% | |
| 7 | Other Services (except Public Administration) | 192 | 8.1% | |
| 8 | Wholesale Trade | 140 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 177 | 7.4% | |
| 2 | Traveler AccommodationNAICS 7211 | 143 | 6.0% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 123 | 5.2% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 88 | 3.7% | |
| 5 | Offices of PhysiciansNAICS 6211 | 78 | 3.3% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 77 | 3.2% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 76 | 3.2% | |
| 8 | Legal ServicesNAICS 5411 | 73 | 3.1% | |
| 9 | Child Day Care ServicesNAICS 6244 | 52 | 2.2% | |
| 10 | Gasoline StationsNAICS 4571 | 48 | 2.0% |
Approval sizes
- $50,001 to $150,0001.0%24
- $150,001 to $350,00011.2%266
- $350,001 to $1 million42.2%1,005
- $1 million to $2 million25.3%603
- Over $2 million20.4%486
Loan terms
- Over 5 to 10 years0.4%9
- Over 10 to 20 years3.5%83
- Over 20 years96.1%2,292
Age of the businesses
- Existing, more than 2 years old88.5%2,109
- New business, 2 years or less1.8%44
- Startup, loan funds will open the business6.8%163
- Change of ownership2.9%68
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 1,834 | 76.9% | |
| 2 | 504 Refinancing Program | 211 | 8.9% | |
| 3 | Premier Certified Lenders Program | 200 | 8.4% | |
| 4 | ALP Express | 121 | 5.1% | |
| 5 | 504 Basic | 7 | 0.3% | |
| 6 | ALP Express Debt Refi | 6 | 0.3% |
Franchise share
216 of 2,384 approvals in FY2021–FY2025 (9.1%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Best Western | 10 | 0.4% | |
| 2 | Primrose Schools | 8 | 0.3% | |
| 3 | Holiday Inn Express | 7 | 0.3% | |
| 4 | Comfort Inn | 7 | 0.3% | |
| 5 | Farmer Boys | 7 | 0.3% | |
| 6 | AM/PM Mini-Mart Agreement | 7 | 0.3% | |
| 7 | Motel 6 | 6 | 0.3% | |
| 8 | Chevron | 5 | 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 | First-Citizens Bank & Trust Company | 140 | 5.9% | |
| 2 | JPMorgan Chase Bank, National Association | 131 | 5.5% | |
| 3 | Bank of America, National Association | 101 | 4.2% | |
| 4 | CalPrivate Bank | 100 | 4.2% | |
| 5 | City National Bank | 83 | 3.5% | |
| 6 | Wells Fargo Bank National Association | 69 | 2.9% | |
| 7 | U.S. Bank, National Association | 68 | 2.9% | |
| 8 | America First Federal Credit Union | 62 | 2.6% | |
| 9 | Zions Bank, A Division of | 56 | 2.3% | |
| 10 | First Fidelity Bank | 55 | 2.3% |
Questions and answers
How many SBA loans does Mortgage Capital Development Corporation make?
SBA approved 548 504 loans through Mortgage Capital Development Corporation in FY2025, worth $836M, and 2,384 over FY2021 to FY2025. That ranks 1st of 182 active CDCs by number of approvals.
How large are Mortgage Capital Development Corporation's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $913K and the average $1.3M. The program-wide median was $657K.
What is Mortgage Capital Development Corporation's charge-off rate?
Of 2,879 disbursed loans approved in FY2010 to FY2021, SBA records 9 as charged off (0.3%), 1,397 as paid in full and 1,473 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 Mortgage Capital Development Corporation lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (177); traveler accommodation (143); automotive repair and maintenance (123); building equipment contractors (88).
Where does Mortgage Capital Development Corporation make SBA loans?
In 16 states and territories. California 1,571, Arizona 505, Nevada 207, Oregon 59, Hawaii 13. In California it accounts for 21.8% of all 504 approvals.
Is Mortgage Capital Development Corporation's SBA lending rising?
Approvals in the three latest complete fiscal years total 1,499, against 1,154 in the three before: rising (+30%).
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