Ranking · Oct 2023 to Sep 2026
Largest SBA 504 CDCs by Projects
The Mortgage Capital Development Corporation leads this list at 1,486. The measure is SBA 504 projects named to a Certified Development Company, 36 months ending September 30, 2026, net of cancelled.
- Metric
- SBA 504 projects named to a Certified Development Company, 36 months ending September 30, 2026, net of cancelled
- Period
- Oct 2023 to Sep 2026
- Data as of
- September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 180
- SBA FOIA,
- Largest on this list
- 1,486
- SBA FOIA,
- Median lender
- 31
- SBA FOIA,
- Share of the five largest
- 28.6%
- SBA FOIA,
Cite this
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.
Keep this list current
A new ranking is published when new filings land. Read it as RSS.
Read it as RSSIs your institution in this table? Find your page
| Lender | Kind | Based in | Projects | Debenture dollars |
|---|---|---|---|---|
| 1. The Mortgage Capital Development Corporation | Non-bank | Oakland, CA | 1,486 | $2.18B |
| 2. Florida Business Development Corporation | Non-bank | Tampa, FL | 1,060 | $1.15B |
| 3. Florida First Capital Finance Corporation, Inc. | Non-bank | Tallahassee, FL | 940 | $1.16B |
| 4. Business Finance Capital | Non-bank | Los Angeles, CA | 897 | $1.19B |
| 5. California Statewide Certified Development Corporation | Non-bank | Davis, CA | 792 | $1.00B |
| 6. Mountain West Small Business Finance | Non-bank | Salt Lake City, UT | 723 | $840M |
| 7. Empire State Certified Development Corporation | Non-bank | Latham, NY | 590 | $730M |
| 8. WBD, Inc. | Non-bank | Madison, WI | 511 | $539M |
| 9. Granite State Economic Development Corporation | Non-bank | Portsmouth, NH | 490 | $345M |
| 10. Small Business Growth Corporation | Non-bank | Springfield, IL | 473 | $535M |
| 11. Capital Certified Development Corporation | Non-bank | Austin, TX | 379 | $614M |
| 12. B:Side Capital | Non-bank | Denver, CO | 358 | $331M |
| 13. SomerCor 504, Inc. | Non-bank | Chicago, IL | 301 | $344M |
| 14. Trenton Business Assistance Corporation | Non-bank | Princeton, NJ | 272 | $468M |
| 15. Bay Colony Development Corporation | Non-bank | Waltham, MA | 272 | $227M |
| 16. Midwest Business Finance Corporation | Non-bank | St. Cloud, MN | 254 | $235M |
| 17. Business Finance Group, Inc. | Non-bank | Fairfax, VA | 248 | $252M |
| 18. New England Certified Development Corporation | Non-bank | Wakefield, MA | 247 | $240M |
| 19. Evergreen Business Capital | Non-bank | Seattle, WA | 218 | $230M |
| 20. CDC Small Business Finance Corp. | Non-bank | San Diego, CA | 210 | $243M |
| 21. Michigan Certified Development Corporation | Non-bank | East Lansing, MI | 201 | $213M |
| 22. Capital Matrix, Inc. | Non-bank | Boise, ID | 201 | $179M |
| 23. Capital Access Group, Inc. | Non-bank | San Francisco, CA | 192 | $199M |
| 24. Rural Missouri, Inc. | Non-bank | Jefferson City, MO | 187 | $208M |
| 25. AMPAC Tri-State CDC, Inc. | Non-bank | Ontario, CA | 178 | $220M |
| 26. Bay Area Employment Development Company | Non-bank | Concord, CA | 171 | $183M |
| 27. Twin Cities-Metro Certified Development Company | Non-bank | Vadnais Heights, MN | 156 | $175M |
| 28. Advantage Certified Development Corporation | Non-bank | Long Beach, CA | 155 | $256M |
| 29. Dakota Business Finance | Non-bank | Sioux Falls, SD | 154 | $133M |
| 30. Business Expansion Funding Corporation | Non-bank | Charlotte, NC | 152 | $217M |
| 31. Great Lakes Commercial Finance | Non-bank | Grandville, MI | 144 | $131M |
| 32. Capital Partners Certified Development Company | Non-bank | Atlanta, GA | 137 | $212M |
| 33. Southland Economic Development Corporation | Non-bank | Santa Ana, CA | 137 | $202M |
| 34. LiftFund, Inc. | Non-bank | San Antonio, TX | 136 | $212M |
| 35. Community Investment Corporation | Non-bank | Hamden, CT | 134 | $102M |
| 36. Indiana Statewide Certified Development Corporation | Non-bank | Indianapolis, IN | 132 | $162M |
| 37. Dakota Business Lending | Non-bank | Fargo, ND | 132 | $100M |
| 38. 504 Capital Corporation | Non-bank | Chesapeake, VA | 129 | $146M |
| 39. Nevada State Development Corporation | Non-bank | Las Vegas, NV | 129 | $128M |
| 40. Cen Cal Business Finance Group | Non-bank | Fresno, CA | 126 | $124M |
| 41. Intermountain Business Lending, Inc. | Non-bank | Ogden, UT | 124 | $117M |
| 42. Northwest Business Development Association | Non-bank | Spokane Valley, WA | 115 | $129M |
| 43. Alloy Development Co., Inc. | Non-bank | Cincinnati, OH | 111 | $154M |
| 44. North Texas Certified Development Corporation | Non-bank | Plano, TX | 110 | $169M |
| 45. Sunshine State Economic Development Corporation | Non-bank | Clearwater, FL | 93 | $97.0M |
| 46. Small Business Access Partners, Inc. | Non-bank | Gainesville, GA | 91 | $128M |
| 47. Arizona Capital Source | Non-bank | Tucson, AZ | 87 | $79.1M |
| 48. Amplio Economic Development Corporation | Non-bank | Arden Hills, MN | 86 | $65.3M |
| 49. Greater East Texas Certified Development Company | Non-bank | Tyler, TX | 84 | $159M |
| 50. South Eastern Economic Development Company of Pennsylvania | Non-bank | Exton, PA | 84 | $100M |
- 180 lenders report a positive figure on this measure for Oct 2023 to Sep 2026. SBA FOIA,
- The Mortgage Capital Development Corporation has the largest figure, at 1,486. SBA FOIA,
- The five largest account for 28.6% of the total, and the ten largest for 44.0%. SBA FOIA,
- The median lender on this measure reports 31. SBA FOIA,
- SBA 504 projects named to a Certified Development Company, 36 months ending September 30, 2026, net of cancelled. SBA FOIA,
How this list is defined
- 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
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
Is your institution on this list? Show your rank. It carries the date and links back to this page.
What we don't know
- Whether any lender on this list is taking new loans today.
- Loans made by lenders outside the file this list reads, and loans the file does not cover.
- Anything about a lender that the file does not carry. A lender can appear in the wrong place if its filing is wrong.
A Certified Development Company funds a debenture beside a first-lien lender, which is a different kind of lender than a 7(a) bank.
A ranking is a plain sort of one published measure for one period. It is not a rating of any lender, and a lender can appear in the wrong place if a filing is wrong.
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.