Business Finance Group
Business Finance Group is a nonprofit SBA-certified Certified Development Company that co-lends SBA 504 loans with partner banks to finance owner-occupied commercial real estate and equipment purchases for small businesses in Virginia, Maryland, West Virginia, and Washington D.C.
- Company typePrivate
- Founded1982
- HeadquartersFairfax, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Business Finance Group does
Business Finance Group, Inc. is a private nonprofit Certified Development Company (CDC) founded in 1982 in Fairfax, Virginia, and re-branded from its original name, Virginia Asset Financing Corporation. BFG operates under a regulatory license granted by the U.S. Small Business Administration to facilitate SBA 504 Loans, a product that allows small businesses to finance owner-occupied commercial real estate, equipment, and leasehold improvements with up to 90% project financing, terms of 10, 20, or 25 years, and fixed interest rates (5.876% / 6.018% / 5.955% effective May 11, 2026). The firm's loan offering is structured as a co-lending arrangement in which a traditional lender provides a 50% first mortgage and BFG provides a 40% SBA-guaranteed second mortgage, with the borrower's equity contribution as low as 10%.
BFG serves three distinct segments: small business owners seeking expansion financing; partner banks and credit unions whose business clients need SBA 504 products; and existing borrowers requiring servicing, refinancing, or follow-on loans. The company is ranked the #1 SBA 504 lender in the Mid-Atlantic and a Top 20 CDC nationally by loan volume, and was selected as one of 47 lenders nationwide to administer the SBA's Growth Opportunity Loan pilot. Complementary products include a VetLoan Advantage program for veteran entrepreneurs, an online loan calculator, and downloadable SBA application forms. Operating geographies are limited to Virginia, Maryland, West Virginia, and the District of Columbia.
Revenue is generated from packaging/closing fees, guaranty fee pass-throughs, and ongoing loan servicing fees on the SBA 504 portfolio; figures are not publicly disclosed. BFG maintains a leadership team of nine senior officers including President & CEO Rick Frank (since October 2016), six regionally deployed Senior Vice Presidents/loan officers, a Chief Credit Officer, and a Director of Finance & Accounting, with approximately 25 total staff. The technology stack is non-proprietary and consists of the SBA's MySBA Portal, Citrix ShareFile for secure document transfer, and Computershare as the central servicing agent — there is no disclosed AI, mobile, or API surface. BFG operates without outside equity or parent ownership, governed by its Board of Directors, and is non-investor-backed.
Business Finance Group firmographics
Firmographics- Name
- Business Finance Group
- Legal name
- Business Finance Group Inc.
- Website
- https://businessfinancegroup.org
- Company type
- Private
- Founded year
- 1982
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Business Finance Group is a nonprofit SBA-certified Certified Development Company that co-lends SBA 504 loans with partner banks to finance owner-occupied commercial real estate and equipment purchases for small businesses in Virginia, Maryland, West Virginia, and Washington D.C.
- Ownership category
- akta.pro rank
Business Finance Group industry classification
Industry- Product category
- Small Business Commercial Lending
- NAICS
- Sales Financing (52222)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- SBA/Government-Backed & Development Finance Loans (FSAKAGAI)
- akta.pro secondary industry
- SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)
Keywords
Where Business Finance Group is headquartered
LocationHeadquarters
- HQ city
- Fairfax
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Business Finance Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- SBA 504 Loan Interest and Fees: Revenue generated from interest on SBA 504 loans and associated fees including guarantee fees, funding fees, processing/packaging fees, closing costs, and underwriter's fees. The company acts as a CDC partner to traditional lenders in structuring SBA-guaranteed loans.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | 10 Year SBA 504 Loan - 5.876% |
| Other | Monthly | 20 Year SBA 504 Loan - 6.018% |
| Other | Monthly | 25 Year SBA 504 Loan - 5.955% |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Business Finance Group product offering
Product offeringCore offering
Business Finance Group is a private, nonprofit Certified Development Company (CDC) that structures and administers SBA 504 Loans for small businesses. It partners with a traditional lending institution (bank or credit union) to provide 50% first mortgage financing while BFG underwrites the 40% SBA-guaranteed second mortgage, enabling up to 90% total project financing for commercial real estate, equipment purchases, construction, and renovation. The company also administers the SBA Growth Opportunity Loan pilot program and a veteran-focused VetLoan Advantage offering.
Product overview
Business Finance Group operates as a Certified Development Company (CDC) offering SBA 504 Loans as its core product alongside the Growth Opportunity Loan pilot program. The company provides complementary tools including an online Loan Calculator for financing exploration, downloadable SBA loan application forms, and comprehensive FAQs. The product portfolio centers on up to 90% financing for commercial real estate and equipment purchases with terms up to 25 years. The VetLoan Advantage Program provides additional veteran-specific financial incentives. The company serves small business owners, lenders, and existing borrowers across Virginia, Maryland, West Virginia, and Washington D.C.
Differentiator
Problem solved
Functional benefit
Products and services
- SBA 504 Loan Primary loan product providing up to 90% financing for small business expansion through facilities or equipment purchases. Leverages 50% traditional financing with 40% SBA-guaranteed 504 loans, terms up to 25 years, competitive fixed rates, and lower down payments (typically 10%). Targeted at for-profit small businesses with tangible net worth not exceeding $20 million and net profit after taxes of no more than $6.5 million.
- Growth Opportunity Loan SBA pilot program designed to help small businesses grow in areas suffering from lack of credit due to poor economic conditions or changes in the financial market. Business Finance Group is one of 47 lenders nationwide selected by SBA to administer these loans.
- VetLoan Advantage Program Unique program offering financial incentives to veterans seeking capital to start, grow, or expand a business through SBA 504 financing. Targeted at veteran entrepreneurs who qualify for SBA small business loans.
Quantifiable outcome
- Up to 90% project financing available
- +3 more outcomes
Companies that use Business Finance Group
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Business Finance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Business Finance Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Shenandoah Community Capital FundcoreBFG made a $100,000 low-interest, long-term loan to Shenandoah Community Capital Fund to support their microloan and small loan programs in Virginia's Shenandoah Valley. Senator Mark Warner attended the celebration. This partnership supports economic development and job creation in the region.
- Frederick Innovative Technology Center, Inc (FITCI)coreBFG donated $50,000 to FITCI, a Business Incubator/Accelerator in Frederick, Maryland. U.S. Senators Chris Van Hollen and Ben Cardin attended the presentation. Supports small business development in the region.
- Maryland Capital EnterprisescoreBFG donated $50,000 to Maryland Capital Enterprises to provide funding for SBA loans. Maryland Senator Ben Cardin attended the presentation.
- Traditional Lending Institutions (Banks)coreBFG partners with banks and credit unions to co-structure SBA 504 loans. Partner lenders provide 50% first mortgage while BFG provides 40% SBA-guaranteed second mortgage, enabling up to 90% financing for small business projects.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Business Finance Group competitors and assessment
Company assessmentDirect peers
- Accessity: A nonprofit CDC serving Arizona and broader Southwest with SBA 504 lending and small-business financing. Directly comparable to BFG as a state/region-focused nonprofit CDC under the SBA 504 program.
- TMC Financing: A Certified Development Company specializing in SBA 504 loans primarily across California. Directly comparable to BFG as a regional CDC focused on SBA 504 origination, packaging, and servicing.
- ReadyCap Lending: A specialized SBA 504 and 7(a) lender operating as a CDC-focused platform. Directly comparable to BFG as an SBA CDC lender serving small businesses, with similar product orientation toward CDC-backed long-term financing.
- Pacific Coast Small Business Development Corporation: A California-based CDC providing SBA 504 financing to small businesses, with similar origination, packaging, and servicing capabilities to BFG as a regional CDC.
- CDC Small Business Finance: A California-based nonprofit Certified Development Company providing SBA 504 loans to small businesses. Directly comparable to BFG as a nonprofit regional CDC operating under the SBA 504 program.
- Mountain West Small Business Finance: A regional CDC providing SBA 504 and small-business financing across Mountain West states. Comparable to BFG as a regional CDC with a similar geographic SBA 504 mission and bank-partnership origination model.
- Empire State Certified Development Corporation: A New York-based CDC providing SBA 504 financing. A prior employer of BFG SVP Curt Solomon, indicating direct occupational/operational comparability to BFG's CDC model.
Others
- NADCO (National Association of Development Companies): The industry trade association representing CDCs including BFG. Not a competitor, but the institutional ecosystem in which BFG operates — NADCO publishes the monthly debenture pricing BFG uses and acts as the central advocacy/liaison body for CDCs with the SBA.
Broad incumbents
- Live Oak Bank: One of the largest SBA lenders in the United States. Comparable to BFG in SBA 504 / SBA lending capability but operates as a chartered depository bank with a much broader national SBA franchise and significantly larger balance sheet.
- Celtic Bank: An SBA Preferred Lender and one of the top SBA 7(a) lenders nationally. Comparable through SBA lending overlap with BFG, but operates as a for-profit commercial bank rather than a regional CDC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Business Finance Group social profiles
Digital presenceBusiness Finance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Business Finance Group leadership team
Management profileNumber of profiles
Profiles9 records
Business Finance Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Business Finance Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Business Finance Group
What does Business Finance Group do?
Business Finance Group is a private, nonprofit Certified Development Company (CDC) that structures and administers SBA 504 Loans for small businesses. It partners with a traditional lending institution (bank or credit union) to provide 50% first mortgage financing while BFG underwrites the 40% SBA-guaranteed second mortgage, enabling up to 90% total project financing for commercial real estate, equipment purchases, construction, and renovation. The company also administers the SBA Growth Opportunity Loan pilot program and a veteran-focused VetLoan Advantage offering.
Is Business Finance Group a public or private company?
Business Finance Group is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Business Finance Group founded?
Business Finance Group was founded in 1982. It employs 11 to 50 people.
Where is Business Finance Group based?
Business Finance Group is headquartered in Fairfax, United States, in the North America region.
How does Business Finance Group make money?
One revenue line is on record: SBA 504 Loan Interest and Fees.
Who are Business Finance Group's main competitors?
Direct peers on record are Accessity, TMC Financing, ReadyCap Lending, Pacific Coast Small Business Development Corporation, CDC Small Business Finance, Mountain West Small Business Finance and Empire State Certified Development Corporation. NADCO (National Association of Development Companies) is listed as an others. Broad incumbents are Live Oak Bank and Celtic Bank.
Does Business Finance Group have an API?
No public API is recorded for Business Finance Group.
What industry is Business Finance Group in?
Business Finance Group's product category is Small Business Commercial Lending. Its primary akta.pro industry code is FSAKAGAI, SBA/Government-Backed & Development Finance Loans, with a secondary code of FSAEAEAI, SBA/USDA Government-Backed Loan Intermediation. Its NAICS code is 52222 and its SIC code is 6159.