Alloy Development Co., Inc.: SBA Lending Record

Alloy Development Co., Inc. in the SBA 504 record

SBA lists Alloy Development Co., Inc. against 408 loans, each approved during FY2017 to FY2026, for $385.2 million of gross dollars. The 504 program holds the entire set, and the 7(a) program none. Under 504, the lender SBA records is the certified development company, while the bank supplying the first-lien money earns no credit in this file. This page therefore covers the development company's part of each financing and never the whole project, and it takes no position on how the company evaluates requests.

Lodging leads the classed loans

231 loans lie outside the asset classes. Hotel and motel leads the classed loans at 35, well ahead of full-service restaurant at 19, dental office at 14 and limited-service restaurant at 13. Beverage manufacturing (breweries, wineries, distilleries) and child care center stand at 12 each. Lodging is the standout, and it is also the property type most exposed to supply: a hotel study has to test the rooms already operating around the site, the rate and occupancy a new property could hold, the build cost per room and the appraisal that a 504 structure leans on. Smaller categories such as dental office need a different test, built on patient volume and equipment cost.

Ohio and Kentucky

Ohio holds 330 loans and Kentucky 70. They are the only two states on the list, so the file speaks for these two markets and for no others. A borrower in a neighbouring state should not borrow a conclusion from the counts.

Zero charge-off rates on a cohort of 200

Out of FY2017 to FY2024 approvals, 8.9% were cancelled (a floor), against 12.2% when the loans still undisbursed are added, the ceiling. In the 200-loan cohort of FY2017 to FY2021 disbursements, both charge-off figures sit at 0.00%, whether counted so far or at five years. These are measured on 200 loans, so the page may state them as 0.00%. They are not withheld figures, and the cohort behind them is real. A cohort of 200 is small, though, loans disbursed after FY2021 are not in it, and the older loans may still produce charge-offs as they age. A clean record in one cohort is not a promise for the next project.

A study beside the record

A feasibility study shows what a development company's tally cannot: demand at the site, a defensible budget, a test of the combined payment under weaker sales and an appraisal supported by sales and income evidence. Use the record only as context for choosing whom to approach, and expect nothing from it about a new request.