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Quick Summary
West Central Development Corporation is an SBA-approved lender headquartered in Perrysburg, Ohio. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 25 SBA 7(a) loans totaling $3.2M, with an average loan size of $126K. They serve businesses across 4 states.
About West Central Development Corporation
West Central Development Corporation is an SBA-approved lender headquartered in Perrysburg, Ohio. Since 2020, they have approved 25 SBA 7(a) loans totaling $3.2M, with an average loan size of $126K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 4 states.
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Frequently Asked Questions
Is West Central Development Corporation an SBA Preferred Lender?
Yes, West Central Development Corporation is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has West Central Development Corporation approved?
According to SBA FOIA public records, West Central Development Corporation has approved 25 SBA 7(a) loans totaling $3.2M since 2020. Their average loan size is $126K.
What states does West Central Development Corporation serve?
West Central Development Corporation serves businesses in 4 states: Florida, Indiana, Michigan, Ohio.
How do I apply for an SBA loan with West Central Development Corporation?
To apply for an SBA 7(a) loan with West Central Development Corporation, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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