Regional Development Company: SBA Lending Record

Regional Development Company: a 504 record

SBA lists Regional Development Company with 303 loans approved from FY2017 to FY2026, for $183.5 million in gross dollars. All 303 are 504 loans, with 0 under 7(a). SBA's file shows the development company as the lender on a 504 loan, and the senior bank holding the first lien gets no credit. The page therefore covers the development company's participation, not the whole financing of any project.

Classes in the 504 record

177 loans fall outside our asset classes. Full-service restaurant has 20, limited-service restaurant 19, gas station and truck stop 11 and hotel and motel 11. Automotive mechanical repair (car and truck) has 9 and fitness center 8. Fuel and lodging are real-estate-heavy trades, so the study for them tests site traffic or occupancy, the build cost and the appraisal on which both lenders depend.

Indiana only

Indiana accounts for 257 loans, and it is the only state the page prints. A borrower outside Indiana has nothing to draw from this holder's record, and one inside Indiana still needs evidence taken from the exact trade area of the project.

Matching cancellation figures and zero charge-offs

Cancellations took 17.6% of approvals over FY2017 to FY2024 (a floor), with the ceiling at the same 17.6%. Across the 158 loans disbursed in that five-year window, the two charge-off measures both print as 0.00%: one to date, one at the five-year mark after approval. Those are measured on a cohort of 158, not withheld. The cohort is modest and later loans are not in it, so a clean result here is no promise about a new project. The high cancellation figure shows that a sizeable share of approvals never disbursed.

A study beside a 504 record

A 504 financing combines two loans, so the study has to prove that both payments together are met with margin, as well as demand and cost. The development company's counts show where it has been active and promise nothing about a new request. Hotel and fuel projects, which appear in these counts, also need an appraisal that holds up under both lenders' review, and that is a matter for the project's own comparable sales and income evidence.