{
 "id": "sba-504-cdcs-by-projects",
 "title": "Largest SBA 504 CDCs by Projects, Last 36 Months",
 "url": "https://lender.report/rankings/sba-504-cdcs-by-projects/",
 "ranking_label": "Largest by this measure",
 "label": null,
 "definition": {
  "measure": "SBA 504 projects named to a Certified Development Company, 36 months ending September 30, 2026, net of cancelled",
  "period": "Oct 2023 to Sep 2026",
  "formula": "Count of SBA 504 projects with an approval date in the window, not cancelled, that name the Certified Development Company.",
  "order": "Largest first by the measure, then by the second figure where the list has one, then by name. Payment is not part of the order.",
  "as_of": "2026-09-30",
  "source": {
   "key": "S6",
   "name": "SBA FOIA",
   "url": "https://data.sba.gov/dataset/7a-504-foia"
  },
  "columns": {
   "value": "Projects",
   "second": "Debenture dollars",
   "third": null
  }
 },
 "lenders_on_record": 180,
 "listed": 50,
 "cite_as": "Source: The Lender Report, Largest SBA 504 CDCs by Projects, https://lender.report/rankings/sba-504-cdcs-by-projects/, data as of September 30, 2026.",
 "license": "CC BY 4.0. Cite as shown.",
 "is_paid": false,
 "changelog": [
  {
   "date": "2026-11-12",
   "text": "First published, with the data built on this date."
  }
 ],
 "rows": [
  {
   "rank": 1,
   "lr_id": "lr_009715",
   "name": "The Mortgage Capital Development Corporation",
   "kind": "Non-bank",
   "based_in": "Oakland, CA",
   "value": 1486,
   "second": 2175033000,
   "is_paid": false
  },
  {
   "rank": 2,
   "lr_id": "lr_009501",
   "name": "Florida Business Development Corporation",
   "kind": "Non-bank",
   "based_in": "Tampa, FL",
   "value": 1060,
   "second": 1150455000,
   "is_paid": false
  },
  {
   "rank": 3,
   "lr_id": "lr_009502",
   "name": "Florida First Capital Finance Corporation, Inc.",
   "kind": "Non-bank",
   "based_in": "Tallahassee, FL",
   "value": 940,
   "second": 1157927000,
   "is_paid": false
  },
  {
   "rank": 4,
   "lr_id": "lr_009467",
   "name": "Business Finance Capital",
   "kind": "Non-bank",
   "based_in": "Los Angeles, CA",
   "value": 897,
   "second": 1187127000,
   "is_paid": false
  },
  {
   "rank": 5,
   "lr_id": "lr_009475",
   "name": "California Statewide Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Davis, CA",
   "value": 792,
   "second": 1004357000,
   "is_paid": false
  },
  {
   "rank": 6,
   "lr_id": "lr_009523",
   "name": "Mountain West Small Business Finance",
   "kind": "Non-bank",
   "based_in": "Salt Lake City, UT",
   "value": 723,
   "second": 839986000,
   "is_paid": false
  },
  {
   "rank": 7,
   "lr_id": "lr_009674",
   "name": "Empire State Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Latham, NY",
   "value": 590,
   "second": 730310000,
   "is_paid": false
  },
  {
   "rank": 8,
   "lr_id": "lr_009702",
   "name": "WBD, Inc.",
   "kind": "Non-bank",
   "based_in": "Madison, WI",
   "value": 511,
   "second": 539342000,
   "is_paid": false
  },
  {
   "rank": 9,
   "lr_id": "lr_009671",
   "name": "Granite State Economic Development Corporation",
   "kind": "Non-bank",
   "based_in": "Portsmouth, NH",
   "value": 490,
   "second": 345151000,
   "is_paid": false
  },
  {
   "rank": 10,
   "lr_id": "lr_009678",
   "name": "Small Business Growth Corporation",
   "kind": "Non-bank",
   "based_in": "Springfield, IL",
   "value": 473,
   "second": 534913000,
   "is_paid": false
  },
  {
   "rank": 11,
   "lr_id": "lr_009477",
   "name": "Capital Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Austin, TX",
   "value": 379,
   "second": 613573000,
   "is_paid": false
  },
  {
   "rank": 12,
   "lr_id": "lr_009461",
   "name": "B:Side Capital",
   "kind": "Non-bank",
   "based_in": "Denver, CO",
   "value": 358,
   "second": 331016000,
   "is_paid": false
  },
  {
   "rank": 13,
   "lr_id": "lr_009546",
   "name": "SomerCor 504, Inc.",
   "kind": "Non-bank",
   "based_in": "Chicago, IL",
   "value": 301,
   "second": 344151000,
   "is_paid": false
  },
  {
   "rank": 14,
   "lr_id": "lr_009553",
   "name": "Trenton Business Assistance Corporation",
   "kind": "Non-bank",
   "based_in": "Princeton, NJ",
   "value": 272,
   "second": 467573000,
   "is_paid": false
  },
  {
   "rank": 15,
   "lr_id": "lr_009603",
   "name": "Bay Colony Development Corporation",
   "kind": "Non-bank",
   "based_in": "Waltham, MA",
   "value": 272,
   "second": 227083000,
   "is_paid": false
  },
  {
   "rank": 16,
   "lr_id": "lr_009672",
   "name": "Midwest Business Finance Corporation",
   "kind": "Non-bank",
   "based_in": "St. Cloud, MN",
   "value": 254,
   "second": 234650000,
   "is_paid": false
  },
  {
   "rank": 17,
   "lr_id": "lr_009578",
   "name": "Business Finance Group, Inc.",
   "kind": "Non-bank",
   "based_in": "Fairfax, VA",
   "value": 248,
   "second": 252469000,
   "is_paid": false
  },
  {
   "rank": 18,
   "lr_id": "lr_009581",
   "name": "New England Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Wakefield, MA",
   "value": 247,
   "second": 240320000,
   "is_paid": false
  },
  {
   "rank": 19,
   "lr_id": "lr_009495",
   "name": "Evergreen Business Capital",
   "kind": "Non-bank",
   "based_in": "Seattle, WA",
   "value": 218,
   "second": 229762000,
   "is_paid": false
  },
  {
   "rank": 20,
   "lr_id": "lr_009470",
   "name": "CDC Small Business Finance Corp.",
   "kind": "Non-bank",
   "based_in": "San Diego, CA",
   "value": 210,
   "second": 243207000,
   "is_paid": false
  },
  {
   "rank": 21,
   "lr_id": "lr_009517",
   "name": "Michigan Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "East Lansing, MI",
   "value": 201,
   "second": 212762000,
   "is_paid": false
  },
  {
   "rank": 22,
   "lr_id": "lr_009648",
   "name": "Capital Matrix, Inc.",
   "kind": "Non-bank",
   "based_in": "Boise, ID",
   "value": 201,
   "second": 179445000,
   "is_paid": false
  },
  {
   "rank": 23,
   "lr_id": "lr_009588",
   "name": "Capital Access Group, Inc.",
   "kind": "Non-bank",
   "based_in": "San Francisco, CA",
   "value": 192,
   "second": 198861000,
   "is_paid": false
  },
  {
   "rank": 24,
   "lr_id": "lr_009566",
   "name": "Rural Missouri, Inc.",
   "kind": "Non-bank",
   "based_in": "Jefferson City, MO",
   "value": 187,
   "second": 208488000,
   "is_paid": false
  },
  {
   "rank": 25,
   "lr_id": "lr_009452",
   "name": "AMPAC Tri-State CDC, Inc.",
   "kind": "Non-bank",
   "based_in": "Ontario, CA",
   "value": 178,
   "second": 219660000,
   "is_paid": false
  },
  {
   "rank": 26,
   "lr_id": "lr_009627",
   "name": "Bay Area Employment Development Company",
   "kind": "Non-bank",
   "based_in": "Concord, CA",
   "value": 171,
   "second": 183161000,
   "is_paid": false
  },
  {
   "rank": 27,
   "lr_id": "lr_009637",
   "name": "Twin Cities-Metro Certified Development Company",
   "kind": "Non-bank",
   "based_in": "Vadnais Heights, MN",
   "value": 156,
   "second": 175169000,
   "is_paid": false
  },
  {
   "rank": 28,
   "lr_id": "lr_009688",
   "name": "Advantage Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Long Beach, CA",
   "value": 155,
   "second": 256344000,
   "is_paid": false
  },
  {
   "rank": 29,
   "lr_id": "lr_009644",
   "name": "Dakota Business Finance",
   "kind": "Non-bank",
   "based_in": "Sioux Falls, SD",
   "value": 154,
   "second": 133342000,
   "is_paid": false
  },
  {
   "rank": 30,
   "lr_id": "lr_009633",
   "name": "Business Expansion Funding Corporation",
   "kind": "Non-bank",
   "based_in": "Charlotte, NC",
   "value": 152,
   "second": 216761000,
   "is_paid": false
  },
  {
   "rank": 31,
   "lr_id": "lr_009694",
   "name": "Great Lakes Commercial Finance",
   "kind": "Non-bank",
   "based_in": "Grandville, MI",
   "value": 144,
   "second": 130932000,
   "is_paid": false
  },
  {
   "rank": 32,
   "lr_id": "lr_009569",
   "name": "Capital Partners Certified Development Company",
   "kind": "Non-bank",
   "based_in": "Atlanta, GA",
   "value": 137,
   "second": 212263000,
   "is_paid": false
  },
  {
   "rank": 33,
   "lr_id": "lr_009692",
   "name": "Southland Economic Development Corporation",
   "kind": "Non-bank",
   "based_in": "Santa Ana, CA",
   "value": 137,
   "second": 202100000,
   "is_paid": false
  },
  {
   "rank": 34,
   "lr_id": "lr_009514",
   "name": "LiftFund, Inc.",
   "kind": "Non-bank",
   "based_in": "San Antonio, TX",
   "value": 136,
   "second": 211660000,
   "is_paid": false
  },
  {
   "rank": 35,
   "lr_id": "lr_009487",
   "name": "Community Investment Corporation",
   "kind": "Non-bank",
   "based_in": "Hamden, CT",
   "value": 134,
   "second": 101998000,
   "is_paid": false
  },
  {
   "rank": 36,
   "lr_id": "lr_009571",
   "name": "Indiana Statewide Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Indianapolis, IN",
   "value": 132,
   "second": 161560000,
   "is_paid": false
  },
  {
   "rank": 37,
   "lr_id": "lr_009577",
   "name": "Dakota Business Lending",
   "kind": "Non-bank",
   "based_in": "Fargo, ND",
   "value": 132,
   "second": 100311000,
   "is_paid": false
  },
  {
   "rank": 38,
   "lr_id": "lr_009701",
   "name": "504 Capital Corporation",
   "kind": "Non-bank",
   "based_in": "Chesapeake, VA",
   "value": 129,
   "second": 145707000,
   "is_paid": false
  },
  {
   "rank": 39,
   "lr_id": "lr_009640",
   "name": "Nevada State Development Corporation",
   "kind": "Non-bank",
   "based_in": "Las Vegas, NV",
   "value": 129,
   "second": 128456000,
   "is_paid": false
  },
  {
   "rank": 40,
   "lr_id": "lr_009574",
   "name": "Cen Cal Business Finance Group",
   "kind": "Non-bank",
   "based_in": "Fresno, CA",
   "value": 126,
   "second": 123825000,
   "is_paid": false
  },
  {
   "rank": 41,
   "lr_id": "lr_009636",
   "name": "Intermountain Business Lending, Inc.",
   "kind": "Non-bank",
   "based_in": "Ogden, UT",
   "value": 124,
   "second": 117245000,
   "is_paid": false
  },
  {
   "rank": 42,
   "lr_id": "lr_009591",
   "name": "Northwest Business Development Association",
   "kind": "Non-bank",
   "based_in": "Spokane Valley, WA",
   "value": 115,
   "second": 128655000,
   "is_paid": false
  },
  {
   "rank": 43,
   "lr_id": "lr_009573",
   "name": "Alloy Development Co., Inc.",
   "kind": "Non-bank",
   "based_in": "Cincinnati, OH",
   "value": 111,
   "second": 154197000,
   "is_paid": false
  },
  {
   "rank": 44,
   "lr_id": "lr_009570",
   "name": "North Texas Certified Development Corporation",
   "kind": "Non-bank",
   "based_in": "Plano, TX",
   "value": 110,
   "second": 168796000,
   "is_paid": false
  },
  {
   "rank": 45,
   "lr_id": "lr_009551",
   "name": "Sunshine State Economic Development Corporation",
   "kind": "Non-bank",
   "based_in": "Clearwater, FL",
   "value": 93,
   "second": 96985000,
   "is_paid": false
  },
  {
   "rank": 46,
   "lr_id": "lr_009605",
   "name": "Small Business Access Partners, Inc.",
   "kind": "Non-bank",
   "based_in": "Gainesville, GA",
   "value": 91,
   "second": 128447000,
   "is_paid": false
  },
  {
   "rank": 47,
   "lr_id": "lr_009460",
   "name": "Arizona Capital Source",
   "kind": "Non-bank",
   "based_in": "Tucson, AZ",
   "value": 87,
   "second": 79132000,
   "is_paid": false
  },
  {
   "rank": 48,
   "lr_id": "lr_009660",
   "name": "Amplio Economic Development Corporation",
   "kind": "Non-bank",
   "based_in": "Arden Hills, MN",
   "value": 86,
   "second": 65258000,
   "is_paid": false
  },
  {
   "rank": 49,
   "lr_id": "lr_009504",
   "name": "Greater East Texas Certified Development Company",
   "kind": "Non-bank",
   "based_in": "Tyler, TX",
   "value": 84,
   "second": 158996000,
   "is_paid": false
  },
  {
   "rank": 50,
   "lr_id": "lr_009675",
   "name": "South Eastern Economic Development Company of Pennsylvania",
   "kind": "Non-bank",
   "based_in": "Exton, PA",
   "value": 84,
   "second": 99980000,
   "is_paid": false
  }
 ]
}