GOOD
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
166
2014–2025
Total Volume
$17M
Gross loan amounts
States Active
4
With recorded loans
Programs
7(a) & 504
166 total segments
West Central Development Corporation primarily serves existing businesses, with 69% of their deals focused on this category. This makes them a strong choice for established companies looking for funding.
With an average 7(a) spread of P+2.43%, West Central offers competitive pricing compared to the national median of ~P+2.75%. This could save you money on interest over the life of your loan.
The lender has a minimal 504 presence, with only 1 out of 166 deals being a 504 loan. If you're considering a real estate-focused project, you may want to explore other lenders with a stronger 504 offering.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 1 504 loans, which use fixed SBA debenture rates.
States where West Central Development Corporation has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Other Health Practitioners
Health Care & Social Assistance
Restaurants & Food Service
Accommodation & Food Services
Other Professional Services
Professional Services
Other Repair & Services
Other Services
Specialty Trade Contractors
Construction
Retail Trade
Retail Trade
Wholesale Trade
Wholesale Trade
+ 7 more
All recorded SBA lending activity for West Central Development Corporation, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Ohio · Manufacturing · Under $150K | 7(a) | 10 | P+2.75% | $110K | Q3 2020 |
| Florida · Other Health Practitioners · Under $150K | 7(a) | 7 | P+2.75% | $93K | Q3 2021 |
| Ohio · Other Repair & Services · Under $150K | 7(a) | 6 | P+2.75% | $57K | Q2 2022 |
| Ohio · Restaurants & Food Service · Under $150K | 7(a) | 6 | P+2.75% | $104K | Q3 2020 |
| Florida · Other Professional Services · Under $150K | 7(a) | 6 | P+2.75% | $105K | Q2 2019 |
| Florida · Finance & Insurance · Under $150K | 7(a) | 6 | P+2.75% | $50K | Q3 2025 |
| Ohio · Specialty Trade Contractors · Under $150K | 7(a) | 6 | P+2.75% | $128K | Q2 2020 |
| Florida · Retail Trade · Under $150K | 7(a) | 5 | P+2.75% | $114K | Q2 2019 |
| Indiana · Other Health Practitioners · Under $150K | 7(a) | 4 | P+2.75% | $115K | Q2 2019 |
| Ohio · Food & Beverage Stores · Under $150K | 7(a) | 4 | P+2.50% | $66K | Q3 2021 |
| Florida · Wholesale Trade · Under $150K | 7(a) | 4 | P+2.75% | $128K | Q2 2019 |
| Ohio · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+2.75% | $134K | Q1 2019 |
| Ohio · Management & IT Consulting · Under $150K | 7(a) | 4 | P+2.75% | $43K | Q4 2018 |
| Florida · Arts, Entertainment & Recreation · Under $150K | 7(a) | 3 | P+2.75% | $103K | Q3 2018 |
| Ohio · Wholesale Trade · Under $150K | 7(a) | 3 | P+2.75% | $99K | Q3 2021 |
| Ohio · Arts, Entertainment & Recreation · Under $150K | 7(a) | 3 | P+2.75% | $83K | Q2 2019 |
| Ohio · Miscellaneous Retail · Under $150K | 7(a) | 3 | P+2.75% | $119K | Q4 2024 |
| Ohio · Other Health Practitioners · Under $150K | 7(a) | 3 | P+2.75% | $50K | Q2 2022 |
| Florida · Real Estate · Under $150K | 7(a) | 3 | P+2.50% | $62K | Q1 2019 |
| Florida · Legal Services · Under $150K | 7(a) | 3 | P+2.75% | $99K | Q3 2016 |
| Florida · Miscellaneous Retail · Under $150K | 7(a) | 2 | P+2.50% | $38K | Q1 2019 |
| Michigan · Manufacturing · Under $150K | 7(a) | 2 | P+2.75% | $52K | Q3 2016 |
| Ohio · Gas Stations · Under $150K | 7(a) | 2 | P+2.75% | $63K | Q1 2016 |
| Ohio · Sporting Goods & Hobby · Under $150K | 7(a) | 2 | P+2.75% | $101K | Q4 2016 |
| Florida · Education · Under $150K | 7(a) | 2 | P+2.63% | $67K | Q1 2017 |
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Real experiences from borrowers who closed SBA loans with West Central Development Corporation.
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