504 Third Party Lending
First mortgage amounts committed alongside 504 debentures
FY2026 Volume
$50.9M
#33 by FY2026 volume
FY2026 Loans
55
$925K avg size
FY2022–FY2026 Volume
$297.4M
FY2022–FY2026 Loans
307
Annual Trend
Approval volume (bars) and loan count (line)
Volume (left axis)Loans (right axis)
Geographic Footprint
Approval volume by project state, FY2026
LowHigh
Activity by State
14 states, districts, and territories with activity
| # | ||||
|---|---|---|---|---|
| 1 | CT | 16 | $14.9M | $932K |
| 2 | MA | 7 | $7.6M | $1.1M |
| 3 | NY | 9 | $6.1M | $677K |
| 4 | MD | 4 | $5.6M | $1.4M |
| 5 | NC | 1 | $4.5M | $4.5M |
| 6 | NJ | 5 | $4.0M | $804K |
| 7 | NH | 3 | $2.6M | $875K |
| 8 | VA | 3 | $1.8M | $611K |
| 9 | DE | 1 | $0.9M | $875K |
| 10 | DC | 1 | $0.9M | $850K |
Source: SBA lender activity reports, data as of Sep 30, 2026. Historical years reflect fiscal year-end figures and are not restated for subsequent acquisitions or mergers. See data sources & methodology.