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SBA 504 CDC record
Empire State Certified Development Corporation: SBA 504 projects as the CDC
Empire State Certified Development Corporation, based in Latham, NY, is named in the SBA file as the Certified Development Company on 357 SBA 504 projects with an approval in the 36 months ending September 30, 2026, leaving out approvals the file marks cancelled or not funded. The first liens on those projects, made by other lenders, total $568.2M. Most of the projects were in New York.
- Evidence
- SBA 504 projects that name it as the CDC, 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- Projects as the CDC, 36 months
- 357
- SBA FOIA,
- Cancelled and not funded approvals left out
- First-lien dollars
- $568M
- SBA FOIA,
- Lent by the first-lien lenders, not by the CDC
- SBA debenture dollars
- $730M
- SBA FOIA,
- On its approvals net of cancelled, funded or not
- Typical first lien
- $930K
- SBA FOIA,
- Last 12 months
- 181
- SBA FOIA,
Cite this
Source: The Lender Report, Empire State Certified Development Corporation: SBA 504 projects as the CDC, https://lender.report/lender/empire-state-certified-development-ny/sba-504-cdc/, data as of September 30, 2026.
The projects, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jul 2026 | New York | SBA 504, Site Preparation Contractors | $260K | 10 yr | SBA FOIA | ||
| Jun 2026 | New Jersey | SBA 504, Manufacturing | $2.2M | 25 yr | SBA FOIA | ||
| Jun 2026 | New York | SBA 504, Wholesale Trade | $800K | 25 yr | SBA FOIA | ||
| May 2026 | New Jersey | SBA 504, Other Services (except Public Administration) | $5.3M | 25 yr | SBA FOIA | ||
| May 2026 | New York | SBA 504, Retail Trade | $1.2M | 25 yr | SBA FOIA | ||
| May 2026 | Pennsylvania | SBA 504, Professional, Scientific, and Technical Services | $1.2M | 25 yr | SBA FOIA | ||
| May 2026 | New Jersey | SBA 504, Retail Trade | $480K | 25 yr | SBA FOIA | ||
| Apr 2026 | Pennsylvania | SBA 504, Hotels (except Casino Hotels) and Motels | $3.7M | 25 yr | SBA FOIA | ||
| Apr 2026 | New York | SBA 504, Transportation and Warehousing | $1.3M | 25 yr | SBA FOIA | ||
| Apr 2026 | New York | SBA 504, Manufacturing | $1.2M | 25 yr | SBA FOIA | ||
| Apr 2026 | New York | SBA 504, Beer, Wine, and Liquor Retailers | $1.1M | 25 yr | SBA FOIA | ||
| Apr 2026 | New York | SBA 504, Other Services (except Public Administration) | $740K | 25 yr | SBA FOIA | ||
| Apr 2026 | New York | SBA 504, Professional, Scientific, and Technical Services | $210K | 25 yr | SBA FOIA | ||
| Mar 2026 | New York | SBA 504, Manufacturing | $3.8M | 25 yr | SBA FOIA | ||
| Mar 2026 | New York | SBA 504, Manufacturing | $3.6M | 25 yr | SBA FOIA | ||
| Mar 2026 | New Jersey | SBA 504, Construction | $1.7M | 25 yr | SBA FOIA | ||
| Mar 2026 | New York | SBA 504, Wholesale Trade | $1.7M | 25 yr | SBA FOIA | ||
| Mar 2026 | New York | SBA 504, Electrical Contractors and Other Wiring Installation Contractors | $1.2M | 25 yr | SBA FOIA | ||
| Mar 2026 | Pennsylvania | SBA 504, Arts, Entertainment, and Recreation | $1.2M | 25 yr | SBA FOIA | ||
| Mar 2026 | New York | SBA 504, Professional, Scientific, and Technical Services | $610K | 25 yr | SBA FOIA | ||
| Feb 2026 | New York | SBA 504, Full-Service Restaurants | $2.8M | 25 yr | SBA FOIA | ||
| Feb 2026 | New York | SBA 504, Other Services (except Public Administration) | $2.8M | 25 yr | SBA FOIA | ||
| Feb 2026 | New York | SBA 504, Hotels (except Casino Hotels) and Motels | $1.7M | 25 yr | SBA FOIA | ||
| Feb 2026 | New York | SBA 504, Beauty Salons | $850K | 25 yr | SBA FOIA | ||
| Feb 2026 | New York | SBA 504, Manufacturing | $580K | 25 yr | SBA FOIA | ||
| 357 SBA 504 projects in the 36 months ending September 30, 2026 | $568M | First-lien dollars, SBA FOIA | |||||
A blank means the source did not report it.
| State | Projects | First-lien dollars |
|---|---|---|
| New York | 257 | $387M |
| Pennsylvania | 55 | $82.5M |
| New Jersey | 45 | $99.2M |
SBA loans are on record by state only. The dollars are the first liens other lenders made on these projects.
| First-lien size | Projects | First-lien dollars |
|---|---|---|
| Under $150K | 12 | $1.02M |
| $150K to $350K | 53 | $13.3M |
| $350K to $1M | 121 | $75.9M |
| $1M to $2.5M | 103 | $164M |
| $2.5M or more | 68 | $314M |
| Quarter | Projects | First-lien dollars |
|---|---|---|
| 2023 Q4 | 41 | $66.6M |
| 2024 Q1 | 31 | $48.5M |
| 2024 Q2 | 40 | $90.2M |
| 2024 Q3 | 45 | $60.4M |
| 2024 Q4 | 44 | $86.0M |
| 2025 Q1 | 41 | $55.1M |
| 2025 Q2 | 28 | $35.4M |
| 2025 Q3 | 33 | $47.1M |
| 2025 Q4 | 19 | $22.9M |
| 2026 Q1 | 22 | $36.4M |
| 2026 Q2 | 12 | $19.4M |
| 2026 Q3 | 1 | $260K |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Projects |
|---|---|
| Hotels (except Casino Hotels) and Motels (721110) | 29 |
| Wholesale Trade | 24 |
| Construction | 22 |
| Full-Service Restaurants (722511) | 21 |
| Other Services (except Public Administration) | 18 |
| Professional, Scientific, and Technical Services | 17 |
| Retail Trade | 17 |
| Offices of Lawyers (541110) | 13 |
| Arts, Entertainment, and Recreation | 12 |
| Fitness and Recreational Sports Centers (713940) | 12 |
| Health Care and Social Assistance | 12 |
| Administrative and Support and Waste Management and Remediation Services | 10 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Projects |
|---|---|
| Accredited Lenders Program | 226 |
| ALP Express | 84 |
| 504 Refinancing Program | 44 |
| 504 Basic | 3 |
| First-lien lender | Projects | First-lien dollars |
|---|---|---|
| Manufacturers and Traders Trust Company | 36 | $25.8M |
| JPMorgan Chase Bank, National Association | 19 | $21.8M |
| Bank of America, National Association | 16 | $28.9M |
| OceanFirst Bank, National Association | 16 | $28.3M |
| TD Bank, National Association | 14 | $39.1M |
| Dime Commercial Bank | 12 | $16.8M |
| Hanover Community Bank | 11 | $14.6M |
| NBT Bank, National Association | 11 | $5.43M |
| Provident Bank | 10 | $13.6M |
| KeyBank National Association | 10 | $12.8M |
| Arrow Bank National Association | 9 | $10.5M |
| The Adirondack Trust Company | 9 | $9.46M |
The 12 first-lien lenders with the most projects, of 98 on record here.
| Measure | Figure |
|---|---|
| Approvals that name it as the CDC, net of cancelled approvals | 590 |
| Of those, funded by September 30, 2026: the projects on this page | 357 |
| Of those, not funded by September 30, 2026 | 233 |
| SBA debenture dollars on the approvals net of cancelled, funded or not | $730M |
The debenture is the part of a 504 project that comes through the CDC. The lender record carries its dollars for the approvals as a whole, not project by project.
- The SBA file names Empire State Certified Development Corporation as the Certified Development Company on 357 SBA 504 projects with an approval in the 36 months ending September 30, 2026, in 3 states. Approvals the file marks cancelled or not funded are left out. SBA FOIA,
- The first liens on those projects, made by other lenders, total $568.2M. That is the first-lien lenders' money, not Empire State Certified Development Corporation's own lending. SBA FOIA,
- The part of a 504 project that comes through the CDC is the SBA debenture. The SBA file shows $730.3M in debentures on 590 approvals that name Empire State Certified Development Corporation in the same 36 months, net of cancelled approvals; 233 of those were not funded by September 30, 2026 and are not among the projects here. SBA FOIA,
- 181 of the projects carry an approval date in the 12 months to September 30, 2026, and 210 in the 12 months before, counting approvals not yet funded in both periods. SBA FOIA,
- The typical first lien was about $930K, with the middle half between $420K and $2M. SBA FOIA,
- The largest first lien was about $18M. Every amount is rounded to 2 significant figures. SBA FOIA,
- The median term of the first liens was 25 years. SBA FOIA,
- The first liens came from 98 lenders with a record here, most often Manufacturers and Traders Trust Company (36). SBA FOIA,
- The projects were most often for Hotels (except Casino Hotels) and Motels (29). SBA FOIA,
- The SBA file lists 226 of the projects as processed under Accredited Lenders Program. SBA FOIA,
- The projects were most often in New York (257), Pennsylvania (55) and New Jersey (45). SBA FOIA,
What we don't know
- Whether Empire State Certified Development Corporation is taking new SBA 504 projects today, or how it would treat a business like yours.
- The debenture on each project. The rows here carry the first-lien amount; debenture dollars are on record for the lender as a whole.
- Projects with a cancelled approval, and approvals not funded yet. They are left out of the projects here.
- The borrower, the address and every term beyond the term of the first lien. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Every project here is an SBA 504 approval that names Empire State Certified Development Corporation as the Certified Development Company. Dollars in the list and the tables are first-lien amounts, lent by the first-lien lender on each project.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.