SBA franchise lending
Lending Explorer
Compare franchise lending performance across SBA 7(a) loans (the most common SBA program, covering working capital, equipment, and real estate) and 504 loans (fixed-asset financing through Certified Development Companies). Filter by program, risk rating, and state.
Source: SBA FOIA loan-level data through FY 2024. Charge-off rates reflect cumulative experience of resolved loans. Rates for recent approval years are based on partial cohorts and will change as loans season.
This is an independent research tool and is not affiliated with, endorsed by, or a product of the U.S. Small Business Administration. Nothing here constitutes financial, lending, or legal advice. Methodology
National overview
- CDCs tracked
- 194
- Total loans
- 16,915
- Total volume
- $17.3B
- States
- 53
- 504 charge-off rate
- 13.7%
Loan charge-off rate by approval year
Each bar shows defaults for loans approved that year. Older loans have had more time to resolve, so early years appear higher.
| Year | 7(a) charge-off rate | 7(a) loans | Maturity |
|---|---|---|---|
| 1992 | 9.4% | 1,138 | Mature |
| 1993 | 9.4% | 1,358 | Mature |
| 1994 | 11.6% | 1,791 | Mature |
| 1995 | 16.8% | 2,756 | Mature |
| 1996 | 16.3% | 2,751 | Mature |
| 1997 | 16.6% | 2,837 | Mature |
| 1998 | 18.2% | 2,271 | Mature |
| 1999 | 18.8% | 2,497 | Mature |
| 2000 | 19.1% | 2,699 | Mature |
| 2001 | 19.5% | 2,559 | Mature |
| 2002 | 17.0% | 3,646 | Mature |
| 2003 | 18.8% | 4,396 | Mature |
| 2004 | 20.9% | 4,677 | Mature |
| 2005 | 25.5% | 4,887 | Mature |
| 2006 | 35.5% | 3,134 | Mature |
| 2007 | 38.1% | 3,246 | Mature |
| 2008 | 32.8% | 2,990 | Mature |
| 2009 | 14.9% | 1,808 | Mature |
| 2010 | 8.8% | 2,046 | Mature |
| 2011 | 7.5% | 2,227 | Mature |
| 2012 | 7.1% | 2,193 | Mature |
| 2013 | 6.9% | 2,749 | Mature |
| 2014 | 8.1% | 4,076 | Mature |
| 2015 | 9.9% | 4,966 | Mature |
| 2016 | 11.2% | 4,595 | Mature |
| 2017 | 13.1% | 4,233 | Mature |
| 2018 | 13.1% | 4,470 | Maturing (rate will change) |
| 2019 | 10.9% | 3,681 | Maturing (rate will change) |
| 2020 | 7.8% | 2,608 | Maturing (rate will change) |
| 2021 | 6.4% | 2,756 | Maturing (rate will change) |
| 2022 | 9.0% | 1,367 | Maturing (rate will change) |
| 2023 | 9.5% | 842 | Maturing (rate will change) |
| 2024 | 2.3% | 258 | Maturing (rate will change) |
| 2025 | 0.0% | 42 | Maturing (rate will change) |
Lender rankings
Top 25 of 194 CDCs by total loans
| # | CDC | Loans | Volume | Avg loan | Loan default % | Brands served | Rating |
|---|---|---|---|---|---|---|---|
| 1 | FB Florida Business Development Corporation | 605 | $728.0M | $1.2M | 15.8% (high risk) | 278 | ELEVATED |
| 2 | WI WBD, Inc. | 558 | $473.8M | $849K | 8.5% (moderate risk) | 249 | GOOD |
| 3 | FF Florida First Capital Finance | 515 | $674.5M | $1.3M | 12.4% (elevated risk) | 252 | AVERAGE |
| 4 | MW Mountain West Small Business Finance | 420 | $399.7M | $952K | 8.4% (moderate risk) | 201 | GOOD |
| 5 | MC Mortgage Capital Development Corporation | 398 | $710.8M | $1.8M | 15.3% (high risk) | 218 | ELEVATED |
| 6 | CC Capital Certified Development | 395 | $553.7M | $1.4M | 22.0% (very high risk) | 175 | CRITICAL |
| 7 | SB Small Business Growth Corporation | 369 | $299.3M | $811K | 17.8% (high risk) | 187 | ELEVATED |
| 8 | ES Empire State Certified Development Corporation | 365 | $486.7M | $1.3M | 10.2% (elevated risk) | 193 | AVERAGE |
| 9 | CS CDC Small Business Finance Corp. | 351 | $441.0M | $1.3M | 7.7% (moderate risk) | 207 | GOOD |
| 10 | MB Minnesota Business Finance Corporation | 323 | $212.7M | $659K | 9.3% (moderate risk) | 153 | GOOD |
| 11 | MC Michigan Certified Development Corporation | 316 | $297.6M | $942K | 15.9% (high risk) | 162 | ELEVATED |
| 12 | BC B:Side Capital | 281 | $291.3M | $1.0M | 9.5% (moderate risk) | 153 | GOOD |
| 13 | RM Rural Missouri, Inc. | 277 | $228.1M | $823K | 19.7% (high risk) | 152 | ELEVATED |
| 14 | BF Business Finance Group, Inc. | 270 | $283.6M | $1.1M | 15.2% (high risk) | 171 | ELEVATED |
| 15 | S5 SomerCor 504, Inc. | 264 | $275.0M | $1.0M | 17.0% (high risk) | 155 | ELEVATED |
| 16 | EB Evergreen Business Capital | 261 | $260.0M | $996K | 6.3% (moderate risk) | 149 | GOOD |
| 17 | NT North Texas Certified Development Corporation | 239 | $302.4M | $1.3M | 25.6% (very high risk) | 118 | CRITICAL |
| 18 | GS Granite State Economic Development Corporation | 238 | $212.5M | $893K | 8.9% (moderate risk) | 147 | GOOD |
| 19 | CP Capital Partners Certified Development Company | 233 | $290.7M | $1.2M | 13.9% (elevated risk) | 132 | AVERAGE |
| 20 | SD Southern Development Council | 222 | $176.1M | $793K | 12.6% (elevated risk) | 107 | AVERAGE |
| 21 | AC Arizona Capital Source | 218 | $214.1M | $982K | 20.0% (very high risk) | 122 | CRITICAL |
| 22 | IS Indiana Statewide Certified Development Corporation | 205 | $156.4M | $763K | 21.9% (very high risk) | 108 | CRITICAL |
| 23 | TC Twin Cities-Metro Certified Development Company | 204 | $148.6M | $729K | 16.1% (high risk) | 107 | ELEVATED |
| 24 | BE Business Expansion Funding Corporation | 198 | $210.0M | $1.1M | 15.2% (high risk) | 117 | ELEVATED |
| 25 | AD Alloy Development Co., Inc. | 180 | $175.1M | $973K | 14.8% (elevated risk) | 110 | AVERAGE |
169 more CDCs available
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