A certified development company in California

Business Finance Capital, a certified development company filed under CA, has 2,452 loans listed in SBA's FY2017 through FY2026 data, with $3.14 billion in gross dollars approved. Nearly all are SBA 504 loans, 2,444 of them, and 8 are SBA 7(a). For 504 loans SBA names the development company as Business Finance Capital, and the first-lien lender on the same project, who is recorded only as free text, receives no credit here. Everything printed describes loans the company holds or held, with SBA providing the guarantee.

Medical and dental offices at the head

The named classes begin with medical offices at 75 loans, then full-service restaurants at 64, dental offices at 63, automotive repair at 57 and hotels and motels at 38. Another 1,961 loans have no class. The state table has one entry: California, with 2,444 loans.

Cancelled approvals and losses

Take the FY2017 to FY2024 approvals. 11.2% is the cancellation floor. 15.8% is the ceiling if undisbursed loans count. The FY2017 to FY2021 cohort has 852 loans. 0.59% is its charge-off floor so far. The charge-off rate at five years is suppressed under a rule of our own, since too few loans support it; so do not read it as zero. Nothing is final for 852 open loans.

What 504 means for a study

A 504 project places a first-lien loan beside Business Finance Capital's portion, so a good study should show the whole capital stack and the cash flow that services both layers. For a medical office, the leading class at 75 loans, test visit volume, payer mix and provider capacity, with collections set against rent. For a dental office, count operatories and patient flow and weigh the practice purchase or build-out cost. A restaurant study needs sales per seat and the rent the site can carry. Because the unclassified group is so large, many projects will have to argue from their own market evidence, and every one needs an appraised value that supports the cost.

Scope of the file

The file lists 2,452 loans and $3.14 billion, almost all SBA 504, with every loan in California. The class table covers a minority, since 1,961 loans are unclassified, and the five-year rate is suppressed. A borrower should read the page as a picture of one development company's holdings, with a cancellation range of 11.2% to 15.8% and a charge-off floor of 0.59%, and should build the study on the project's own evidence.

SBA loans held by Business Finance 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	2,452
Gross dollars approved	$3.14 billion
SBA 7(a) loans	8
SBA 504 loans	2,444

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	11.2%
The same, counting loans still undisbursed as cancelled (a ceiling)	15.8%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.59%
Charged off within five years of approval	withheld
Loans in that cohort	852

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	1,961
Medical office (physicians)	75
Full-service restaurant	64
Dental office	63
Automotive mechanical repair (car and truck)	57
Hotel and motel	38
Limited-service restaurant	24
Grocery store	24
Child care center	21
Gas station and truck stop	13
Car wash	11
Veterinary clinic	9
Fitness center	9
Skilled nursing	8
Rehabilitation and therapy clinic	8
Warehouse and distribution	7
School (elementary and secondary, including charter)	7
Liquor store	7
Beverage manufacturing (breweries, wineries, distilleries)	6
Parking lot and garage	6
Assisted living (without nursing care)	5
Behavioral health and addiction treatment	5
Beauty salon	5
Coffee shop and snack bar	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Loans by project state

State or area	Loans
California	2,444

States with 5 or more loans; smaller ones are withheld, and more where a small one could 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-0188146.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Business Finance Capital or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Business Finance Capital: SBA Lending Record