Lenders › Provident Business Financial Services, Inc.
504 CDCWest Columbia, South Carolinacertified development company77th of 182 by approvals
Provident Business Financial Services, Inc.
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.
Provident Business Financial Services, Inc., based in West Columbia, South Carolina, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 95 of its 504 loans worth $118M in FY2021 to FY2025, which places it 77th of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 11 approvals totalling $21.7M, down 31% on FY2024 (16). FY2026 to 30 Jun 2026 adds 10 more.
The median approval was $841K, against $657K for the 504 program as a whole; 2.1% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 20 counties, led by South Carolina (95.8%), North Carolina (3.2%) and Tennessee (1.1%). The largest industry group was accommodation and food services at 26.3% of approvals, and 16.8% of approvals were to franchise businesses.
Of 127 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 58 as paid in full and 69 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* | 10 | $17.3M | $1.2M | $1.7M | 113 |
| FY2025 | 11 | $21.7M | $1.3M | $2.0M | 151 |
| FY2024 | 16 | $21.8M | $1.1M | $1.4M | 208 |
| FY2023 | 12 | $12.5M | $494K | $1.0M | 159 |
| FY2022 | 24 | $30.4M | $453K | $1.3M | 422 |
| FY2021 | 32 | $31.9M | $696K | $998K | 747 |
| FY2020 | 13 | $17.1M | $1.1M | $1.3M | 252 |
| FY2019 | 23 | $19.1M | $625K | $829K | 244 |
| FY2018 | 11 | $11.9M | $350K | $1.1M | 218 |
| FY2017 | 15 | $10.8M | $214K | $722K | 158 |
| FY2016 | 9 | $8.2M | $275K | $915K | 176 |
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 71 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 | South Carolina | 504 program |
|---|---|---|---|
| Approvals in these years | 165 | 527 | 85,591 |
| Cancelled or never disbursed | 38 | 123 | 12,514 |
| Disbursed loans | 127 | 404 | 73,077 |
| Paid in full | 58 | 211 | 35,491 |
| Charged off | 0 | 6 | 905 |
| Still outstanding (status exempt from disclosure) | 69 | 187 | 36,681 |
| Charged off, share of disbursed loans | 0.0% | 1.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.0% | 1.0% | 0.9% |
| Dollars charged off | $0 | $3.2M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 27 | 3 | 0 | — | 0.1% |
| FY2020 | 13 | 3 | 0 | — | 0.1% |
| FY2019 | 20 | 7 | 0 | — | 0.3% |
| FY2018 | 7 | 2 | 0 | — | 0.4% |
| FY2017 | 11 | 4 | 0 | — | 0.8% |
| FY2016 | 6 | 4 | 0 | — | 1.0% |
| FY2015 | 8 | 5 | 0 | — | 1.2% |
| FY2014 | 4 | 3 | 0 | — | 1.3% |
| FY2013 | 8 | 8 | 0 | — | 1.4% |
| FY2012 | 11 | 9 | 0 | — | 2.0% |
| FY2011 | 7 | 5 | 0 | — | 2.1% |
| FY2010 | 5 | 5 | 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 | $841K | $657K |
| Average approval | $1.2M | $1.0M |
| Approvals of $150,000 or less | 2.1% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 21.1% | 14.4% |
| Approvals to franchise businesses | 16.8% | 9.0% |
| Jobs supported per approval, as reported | 17.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.0% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | South Carolina | 91 | $115M | 95.8% | |
| 2 | North Carolina | 3 | $2.7M | 3.2% | |
| 3 | Tennessee | 1 | — | 1.1% |
In South Carolina the lender accounts for 37.0% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (20 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Charleston County, SC | 25 | $23.0M | 26.3% | |
| 2 | Lexington County, SC | 11 | $10.8M | 11.6% | |
| 3 | Horry County, SC | 9 | $11.4M | 9.5% | |
| 4 | Spartanburg County, SC | 9 | $8.1M | 9.5% | |
| 5 | Berkeley County, SC | 8 | $15.9M | 8.4% | |
| 6 | Greenville County, SC | 7 | $8.9M | 7.4% | |
| 7 | Beaufort County, SC | 4 | $6.0M | 4.2% | |
| 8 | Georgetown County, SC | 3 | $6.5M | 3.2% | |
| 9 | Dorchester County, SC | 3 | $2.1M | 3.2% | |
| 10 | Kershaw County, SC | 2 | — | 2.1% | |
| 11 | York County, SC | 2 | — | 2.1% | |
| 12 | Mecklenburg County, NC | 2 | — | 2.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 25 | 26.3% | |
| 2 | Retail Trade | 15 | 15.8% | |
| 3 | Other Services (except Public Administration) | 11 | 11.6% | |
| 4 | Manufacturing | 9 | 9.5% | |
| 5 | Health Care and Social Assistance | 8 | 8.4% | |
| 6 | Construction | 7 | 7.4% | |
| 7 | Arts, Entertainment, and Recreation | 4 | 4.2% | |
| 8 | Wholesale Trade | 4 | 4.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 15.8% | |
| 2 | Traveler AccommodationNAICS 7211 | 10 | 10.5% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 5 | 5.3% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.2% | |
| 5 | Plastics Product ManufacturingNAICS 3261 | 3 | 3.2% | |
| 6 | Building Material and Supplies DealersNAICS 4441 | 3 | 3.2% | |
| 7 | Residential Building ConstructionNAICS 2361 | 3 | 3.2% | |
| 8 | Other Personal ServicesNAICS 8129 | 3 | 3.2% | |
| 9 | Wholesale Electronic Markets and Agents and BrokersNAICS 4251 | 3 | 3.2% | |
| 10 | Lessors of Real EstateNAICS 5311 | 2 | 2.1% |
Approval sizes
- $50,001 to $150,0002.1%2
- $150,001 to $350,00025.3%24
- $350,001 to $1 million29.5%28
- $1 million to $2 million24.2%23
- Over $2 million18.9%18
Loan terms
- Over 5 to 10 years5.3%5
- Over 10 to 20 years10.5%10
- Over 20 years84.2%80
Age of the businesses
- Existing, more than 2 years old77.9%74
- New business, 2 years or less1.1%1
- Startup, loan funds will open the business20.0%19
- Change of ownership1.1%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 60 | 63.2% | |
| 2 | 504 Refinancing Program | 14 | 14.7% | |
| 3 | 504 Basic | 12 | 12.6% | |
| 4 | ALP Express | 8 | 8.4% | |
| 5 | ALP Express Debt Refi | 1 | 1.1% |
Franchise share
16 of 95 approvals in FY2021–FY2025 (16.8%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ace Hardware | 2 | 2.1% | |
| 2 | Marriott | 1 | 1.1% | |
| 3 | Home 2 Suites by Hilton | 1 | 1.1% | |
| 4 | avid Hotels | 1 | 1.1% | |
| 5 | Harley Davidson | 1 | 1.1% | |
| 6 | Comfort Suites by Choice Hotels | 1 | 1.1% | |
| 7 | Quality Inn | 1 | 1.1% | |
| 8 | Sleep Inn | 1 | 1.1% |
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 | United Community Bank | 16 | 16.8% | |
| 2 | TD Bank, National Association | 14 | 14.7% | |
| 3 | Pinnacle Bank | 5 | 5.3% |
Questions and answers
How many SBA loans does Provident Business Financial Services, Inc. make?
SBA approved 11 504 loans through Provident Business Financial Services, Inc. in FY2025, worth $21.7M, and 95 over FY2021 to FY2025. That ranks 77th of 182 active CDCs by number of approvals.
How large are Provident Business Financial Services, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $841K and the average $1.2M. The program-wide median was $657K.
What is Provident Business Financial Services, Inc.'s charge-off rate?
Of 127 disbursed loans approved in FY2010 to FY2021, SBA records 0 as charged off (0.0%), 58 as paid in full and 69 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 Provident Business Financial Services, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (15); traveler accommodation (10); automotive repair and maintenance (5); offices of other health practitioners (4).
Where does Provident Business Financial Services, Inc. make SBA loans?
In 3 states and territories. South Carolina 91, North Carolina 3, Tennessee 1. In South Carolina it accounts for 37.0% of all 504 approvals.
Is Provident Business Financial Services, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 39, against 69 in the three before: falling (-43%).
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