Business Finance Group, Inc.: SBA Lending Record

Business Finance Group, Inc. at a glance

Business Finance Group, Inc., a certified development company filed under VA, has 992 loans within SBA's FY2017 to FY2026 data with $926.4 million in gross dollars approved. Of these, 974 are SBA 504 and 18 are SBA 7(a). Where 504 loans are concerned, Business Finance Group, Inc. is Business Finance Group, Inc. of record, and the first-lien lender, recorded as free text, gets no credit. The page reports SBA's record of 992 loans held or once held by Business Finance Group, Inc., and SBA carries the guarantee.

Virginia and its neighbours

Virginia has 671 loans, Maryland 257, the District of Columbia 40 and West Virginia 17. Another 644 loans fall outside the named classes. The named ones are led by automotive repair and the full-service restaurant at 47 each, child care at 40, hotels and motels at 37 and beverage manufacturing at 21.

Outcomes in SBA data

Of FY2017 to FY2024 approvals, 19.2% cancelled for sure; 23.0% with undisbursed loans added. Charged off, FY2017 through FY2021 cohort of 436: floor 0.00% to date, 0.00% by the fifth year after approval. Nothing is final for 436 open loans.

Using the record in a study

A cancellation floor of 19.2% is a reminder that approval and closing are two events. A study for a 504 project should leave time and cost allowance for delay, and show the whole capital stack, because the first-lien loan sits beside the CDC's piece. For an automotive shop, test bay count, labour hours sold, parts margin and the property beneath the building. For child care, test licensed capacity, the enrolment ramp and staffing ratios. For a hotel, test occupancy, average rate and a renovation reserve. With 644 loans unclassified, other property types must supply their own evidence and a value the appraisal will bear.

Program mix and limits

Only 18 of the 992 loans are SBA 7(a); the other 974 are SBA 504, so the page is best read as a 504 record. The 644 unclassified loans limit what the class table can say, and the state table, led by Virginia at 671 and Maryland at 257, shows where the holdings sit. The zero charge-off floors come from cohorts of 436 loans that were still open, and they do not mean the company has no charge-offs ahead.