SBA lender profile
African Development Center
African Development Center appears in the public SBA loan data with 9 funded 7(a) loans totaling $2.4M, an average of $269K per loan, and an estimated 59 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
9
Total volume
$2.4M
Average loan size
$269K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
59
Programs
7(a)
Where African Development Center lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 9 | $2.4M |
What African Development Center funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $850K |
| Manufacturing | 2 | $600K |
| Accommodation and Food Services | 2 | $581K |
| Health Care and Social Assistance | 2 | $390K |
African Development Center SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $390K |
| 2021 | 2 | $500K |
| 2022 | 2 | $481K |
| 2023 | 2 | $700K |
| 2025 | 1 | $350K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of African Development Center's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.