Lenders › Preferred Lending Partners
504 CDCLakewood, Coloradocertified development company61st of 182 by approvals
Preferred Lending Partners
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.
Preferred Lending Partners, based in Lakewood, Colorado, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 135 of its 504 loans worth $113M in FY2021 to FY2025, which places it 61st of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 8 approvals totalling $8.3M, down 27% on FY2024 (11). FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $613K, against $657K for the 504 program as a whole; 1.5% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 2 states and territories and 18 counties, led by Colorado (94.1%) and Arizona (5.9%). The largest industry group was health care and social assistance at 17.0% of approvals, and 6.7% of approvals were to franchise businesses.
Of 266 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 137 as paid in full and 129 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* | 6 | $8.0M | $916K | $1.3M | 59 |
| FY2025 | 8 | $8.3M | $518K | $1.0M | 80 |
| FY2024 | 11 | $7.1M | $336K | $643K | 72 |
| FY2023 | 24 | $21.6M | $616K | $901K | 409 |
| FY2022 | 40 | $36.8M | $660K | $920K | 516 |
| FY2021 | 52 | $39.7M | $626K | $763K | 368 |
| FY2020 | 26 | $35.0M | $882K | $1.3M | 239 |
| FY2019 | 20 | $27.4M | $1.2M | $1.4M | 281 |
| FY2018 | 26 | $29.6M | $636K | $1.1M | 312 |
| FY2017 | 24 | $20.7M | $669K | $864K | 265 |
| FY2016 | 24 | $25.6M | $925K | $1.1M | 303 |
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 120 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 | Colorado | 504 program |
|---|---|---|---|
| Approvals in these years | 297 | 2,479 | 85,591 |
| Cancelled or never disbursed | 31 | 261 | 12,514 |
| Disbursed loans | 266 | 2,218 | 73,077 |
| Paid in full | 137 | 1,230 | 35,491 |
| Charged off | 0 | 24 | 905 |
| Still outstanding (status exempt from disclosure) | 129 | 964 | 36,681 |
| Charged off, share of disbursed loans | 0.0% | 1.1% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.0% | 0.8% | 0.9% |
| Dollars charged off | $0 | $12.4M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 49 | 6 | 0 | 0.0% | 0.1% |
| FY2020 | 23 | 3 | 0 | — | 0.1% |
| FY2019 | 16 | 7 | 0 | — | 0.3% |
| FY2018 | 20 | 9 | 0 | — | 0.4% |
| FY2017 | 22 | 10 | 0 | — | 0.8% |
| FY2016 | 21 | 13 | 0 | — | 1.0% |
| FY2015 | 21 | 14 | 0 | — | 1.2% |
| FY2014 | 18 | 15 | 0 | — | 1.3% |
| FY2013 | 27 | 19 | 0 | — | 1.4% |
| FY2012 | 22 | 18 | 0 | — | 2.0% |
| FY2011 | 14 | 12 | 0 | — | 2.1% |
| FY2010 | 13 | 11 | 0 | — | 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 | $613K | $657K |
| Average approval | $840K | $1.0M |
| Approvals of $150,000 or less | 1.5% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 7.4% | 14.4% |
| Approvals to franchise businesses | 6.7% | 9.0% |
| Jobs supported per approval, as reported | 10.7 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 1.2% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Colorado | 127 | $108M | 94.1% | |
| 2 | Arizona | 8 | $5.9M | 5.9% |
In Colorado the lender accounts for 12.7% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (18 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Larimer County, CO | 30 | $13.6M | 22.2% | |
| 2 | Weld County, CO | 16 | $12.4M | 11.9% | |
| 3 | Denver County, CO | 15 | $13.1M | 11.1% | |
| 4 | El Paso County, CO | 15 | $12.2M | 11.1% | |
| 5 | Arapahoe County, CO | 12 | $17.8M | 8.9% | |
| 6 | Jefferson County, CO | 10 | $13.8M | 7.4% | |
| 7 | Adams County, CO | 10 | $8.2M | 7.4% | |
| 8 | Boulder County, CO | 7 | $7.6M | 5.2% | |
| 9 | Maricopa County, AZ | 7 | $5.6M | 5.2% | |
| 10 | Douglas County, CO | 4 | $3.9M | 3.0% | |
| 11 | Summit County, CO | 2 | — | 1.5% | |
| 12 | Montrose County, CO | 1 | — | 0.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 23 | 17.0% | |
| 2 | Other Services (except Public Administration) | 19 | 14.1% | |
| 3 | Professional, Scientific, and Technical Services | 18 | 13.3% | |
| 4 | Retail Trade | 18 | 13.3% | |
| 5 | Construction | 13 | 9.6% | |
| 6 | Accommodation and Food Services | 10 | 7.4% | |
| 7 | Manufacturing | 8 | 5.9% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 7 | 5.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 9.6% | |
| 2 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 8 | 5.9% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 8 | 5.9% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 8 | 5.9% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 7 | 5.2% | |
| 6 | Child Day Care ServicesNAICS 6244 | 6 | 4.4% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 5 | 3.7% | |
| 8 | Individual and Family ServicesNAICS 6241 | 4 | 3.0% | |
| 9 | Personal Care ServicesNAICS 8121 | 4 | 3.0% | |
| 10 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 2.2% |
Approval sizes
- $50,001 to $150,0001.5%2
- $150,001 to $350,00028.9%39
- $350,001 to $1 million43.7%59
- $1 million to $2 million15.6%21
- Over $2 million10.4%14
Loan terms
- Over 5 to 10 years0.7%1
- Over 10 to 20 years9.6%13
- Over 20 years89.6%121
Age of the businesses
- Existing, more than 2 years old91.1%123
- New business, 2 years or less1.5%2
- Startup, loan funds will open the business5.9%8
- Change of ownership1.5%2
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | 504 Basic | 100 | 74.1% | |
| 2 | ALP Express | 21 | 15.6% | |
| 3 | 504 Refinancing Program | 8 | 5.9% | |
| 4 | Accredited Lenders Program | 5 | 3.7% | |
| 5 | ALP Express Debt Refi | 1 | 0.7% |
Franchise share
9 of 135 approvals in FY2021–FY2025 (6.7%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Primrose Schools | 2 | 1.5% | |
| 2 | Suburban Studios ES | 1 | 0.7% | |
| 3 | iFLY | 1 | 0.7% | |
| 4 | Motel 6 | 1 | 0.7% | |
| 5 | Offen Petroleum | 1 | 0.7% | |
| 6 | Hamburger Stand | 1 | 0.7% | |
| 7 | Textron Specialized Vehicle, Inc. | 1 | 0.7% | |
| 8 | RE/MAX Southwest Region | 1 | 0.7% |
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 Colorado | 21 | 15.6% | |
| 2 | Wells Fargo Bank National Association | 20 | 14.8% | |
| 3 | First National Bank of Omaha | 9 | 6.7% | |
| 4 | FMS Bank | 8 | 5.9% | |
| 5 | Adams Bank & Trust | 7 | 5.2% | |
| 6 | American Bank of Commerce | 6 | 4.4% |
Questions and answers
How many SBA loans does Preferred Lending Partners make?
SBA approved 8 504 loans through Preferred Lending Partners in FY2025, worth $8.3M, and 135 over FY2021 to FY2025. That ranks 61st of 182 active CDCs by number of approvals.
How large are Preferred Lending Partners's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $613K and the average $840K. The program-wide median was $657K.
What is Preferred Lending Partners's charge-off rate?
Of 266 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 137 as paid in full and 129 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 Preferred Lending Partners lend to most?
By number of approvals in FY2021 to FY2025: automotive repair and maintenance (13); other professional, scientific, and technical services (8); restaurants and other eating places (8); offices of other health practitioners (8).
Where does Preferred Lending Partners make SBA loans?
In 2 states and territories. Colorado 127, Arizona 8. In Colorado it accounts for 12.7% of all 504 approvals.
Is Preferred Lending Partners's SBA lending rising?
Approvals in the three latest complete fiscal years total 43, against 118 in the three before: falling (-64%).
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