B:Side Capital: SBA Lending Record
What SBA's own loan files show about B:Side Capital as an SBA lender, and how a lender's record bears on a feasibility study.
B:Side Capital: loans and programs
1,456 approved loans, $1.20 billion gross, tie to B:Side Capital across FY2017 to FY2026. Most loans at B:Side Capital are 504, 1,378 of them, beside 78 under 7(a). SBA records B:Side Capital as holding, or having held, these 1,456 loans. For the 1,378 loans under 504 at B:Side Capital, the CDC is the recorded lender, not a first-lien lender. B:Side Capital has a pair of SBA identifiers, one as a CDC for 504 and one for 7(a), joined on a matching name and lender state. The guarantee on 1,456 loans of B:Side Capital is SBA's alone. Counts for B:Side Capital describe records only. In SBA's file, B:Side Capital sits in CO.
Asset classes and states in the B:Side Capital book
The followed classes leave 943 of B:Side Capital's 1,456 loans uncovered. In order of loans the classes for B:Side Capital are Full-service restaurant (79), Hotel and motel (68), Automotive mechanical repair (car and truck) (56), Coffee shop and snack bar (35), Car wash (33), Child care center (31), Fitness center (25), Medical office (physicians) (24), Dental office (23). Gas station and truck stop closes the class list with 8 loans. A buyer planning Full-service restaurant can see 79 loans on the record of B:Side Capital. B:Side Capital shows 68 loans in Hotel and motel, the next class. Automotive mechanical repair (car and truck) comes third at B:Side Capital, with 56 loans.
B:Side Capital: cancellations and losses
Cancellations after approval for B:Side Capital, FY2017 to FY2024 approvals: 11.6% as a floor and 12.2% as a ceiling that counts undisbursed loans. Every rate for B:Side Capital is a floor, so further charge-offs within the group would raise it. The charge-off floor for B:Side Capital on FY2017 to FY2021 disbursements reads 2.0%, from a cohort of 700 loans. B:Side Capital shows 0.71% written off inside five years of approval.
Using the B:Side Capital record in a study
Full-service restaurant at B:Side Capital opens with a look at demand. After that, a study of Hotel and motel must test development cost, with 68 such loans on B:Side Capital's record. Coverage of debt service follows, and $1.20 billion across 1,456 loans at B:Side Capital cannot settle it for any one project. An appraisal closes the study, and 56 Automotive mechanical repair (car and truck) loans at B:Side Capital cannot do its job. Only B:Side Capital can say what it asks of a applicant. Nothing guarantees approval, and B:Side Capital sets its own terms.
SBA loans held by B:Side Capital
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
One organisation under two SBA identifiers: a CDC (504) that also lends under 7(a), linked by equal normalised name and equal lender state (manifests/ld2/lender-links.csv).
| Loans approved, FY2017 to FY2026 | 1,456 |
|---|---|
| Gross dollars approved | $1.20 billion |
| SBA 7(a) loans | 78 |
| SBA 504 loans | 1,378 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 11.6% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 12.2% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 2.0% |
| Charged off within five years of approval | 0.71% |
| Loans in that cohort | 700 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 943 |
| Full-service restaurant | 79 |
| Hotel and motel | 68 |
| Automotive mechanical repair (car and truck) | 56 |
| Coffee shop and snack bar | 35 |
| Car wash | 33 |
| Child care center | 31 |
| Fitness center | 25 |
| Medical office (physicians) | 24 |
| Dental office | 23 |
| Liquor store | 18 |
| Self storage | 17 |
| Beverage manufacturing (breweries, wineries, distilleries) | 17 |
| Limited-service restaurant | 17 |
| Beauty salon | 15 |
| Rehabilitation and therapy clinic | 11 |
| Veterinary clinic | 10 |
| Gas station and truck stop | 8 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
The state breakdown is withheld, so that no group of fewer than 5 loans can be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0188319.
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