At a glance
From its website, read 2 Nov 2026West Central Development Corporation, dba Anchor Financial Services is a loan fund based in Perrysburg, Ohio. Its website describes commercial real estate loans, SBA-backed loans and small-business loans. Stated loan amounts run from $15,000 to $5.5M. Where it lends: Ohio, Florida, Michigan, Pennsylvania, Kentucky, Indiana. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Apply online | Page with the application link |
|---|---|
| Website | www.anchorsba.com |
| Office (official list) | 955 Commerce Drive; Suite A, Perrysburg, OH 43551 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 12 Jul 2025 |
| RSSD ID | — (none listed) |
| Address | 955 Commerce Drive; Suite A, Perrysburg, OH 43551 Directions (Google Maps) |
| Website | www.anchorsba.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 4 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. Page 1 loan amount ranges are not explicitly tied to named products, so product-level amounts were left empty. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Partnering with a mission to provide long-term fixed-rate, low down payment real estate loans. | source |
| SBA-backed loans (7(a)/504/Community Advantage) | — | Loans will be made or arranged pursuant to current SOP and 750 Agreement. | source |
| Small-business loans | — | Working capital loans to give your business that extra support without the high cost of credit cards and compounding interest. | source |
Loan sizes
Borrow $15,000 to $5,500,000 for up to 25 years
source$15,000 - $50,000
source$50,000 - $250,000
source$250,000 - $5,500,000
source
Range used for the size filter: $15,000 to $5.5M
Service area
Ohio, Florida, Michigan, Pennsylvania, Kentucky, Indiana
Supporting underserved communities throughout Ohio, Florida, Michigan, Pennsylvania, Kentucky, and Indiana.
source
Statewide: Florida, Indiana, Kentucky, Michigan, Ohio, Pennsylvania
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Apply Now
source
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What interest rate and fees should I expect on your commercial real estate loans and SBA-backed loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$5.4 million in 9 awards from the U.S. Treasury's CDFI Fund, 2016–2024 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Technical Assistance | $300,000 |
| 2022 | CDFI Equitable Recovery Program | $2,298,875 |
| 2022 | CDFI Program, Technical Assistance | $125,000 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2021 | CDFI Program, Technical Assistance | $125,000 |
| 2020 | CDFI Program, Technical Assistance | $125,000 |
| 2019 | CDFI Program, Financial Assistance | $225,000 |
| 2017 | CDFI Program, Financial Assistance | $250,000 |
| 2016 | CDFI Program, Technical Assistance | $124,999 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $5.8M |
|---|---|
| Total liabilities | $1.2M |
| Net assets | $4.6M |
| Total revenue | $2M |
| Notes and loans receivable, net (Part X line 7) | $2.8M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 20-5542830, filed as “WEST CENTRAL DEVELOPMENT CORPORATION”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $4.8M | $1.6M | $1.2M | $1.6M |
| Dec 2022 (990) | $4.6M | $3.3M | $2.4M | $2.8M |
| Dec 2023 (990) | $5.8M | $4.6M | $2M | $2.8M |
Total assets grew 21% from Dec 2021 to Dec 2023; notes and loans receivable rose 72%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Median SBA 7(a) loan it approved, FY2020–FY2026 | $125,000 (25 loans) | All 7(a) lenders in Ohio: $100,000. Larger than the median loan of 29% of the 97 other certified CDFIs with 10 or more 7(a) loans. |
| SBA approvals, FY2023–24 → FY2025–26 | 5 → 7 | Rank among the 6 certified CDFIs in Ohio with SBA approvals in either period: 4 → 4. |
| Largest loan its website states | $5.5M | Other loan funds whose website states a maximum: median $250,000. Higher than the stated maximum of 89% of these 184. |
| Total assets, latest IRS Form 990 | $5.8M | Larger than 15% of the 13 other certified loan funds and venture funds in Ohio with a matched Form 990 (median $44.6M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Median SBA 7(a) loan | certified CDFIs with 10+ 7(a) loans, nationwide | 97 | larger than 29% |
| SBA approvals then vs now | certified CDFIs in Ohio with SBA approvals FY2023–2026 | 5 | rank 4 → 4 of 6 |
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 89% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Ohio | 13 | larger than 15% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 26 SBA-backed approvals for West Central Development Corporation, dba Anchor Financial Services in fiscal years 2020–2026 (October 2019 to September 2026):
- 25 7(a) loans as the lender: $3.4M in total (gross amount approved), median $125,000
- 1 504 projects as the third-party (first-lien) lender
By fiscal year: FY2020 8 · FY2021 4 · FY2022 2 · FY2023 1 · FY2024 4 · FY2025 4 · FY2026 3.
What actually happened
- Size of its 7(a) loans: half were between $55,000 and $207,600, median $125,000 (25 loans)
- Term of its 7(a) loans: median 84 months (7 years) (25 loans)
- Fixed or variable: 20% of its 7(a) loans had a fixed rate (25 loans)
- Young businesses: 24% of its 7(a) loans went to a startup or a business two years old or less (25 loans with an answer)
Descriptive only: what the SBA file records for loans this lender approved in fiscal years 2020–2026. Each figure covers at least 10 loans; with fewer we show nothing. It is not an offer, not the rate or term you would get, and says nothing about your chance of approval.
By program
- 7(a) Community Advantage (15, 58%)
- 7(a) standard (10, 38%)
- 504 projects (as the third-party lender) (1, 4%)
Borrower industries
NAICS sector, 3 or more loans.
- Health care and social assistance (5)
- Accommodation and food services (5)
- Manufacturing (5)
- Other services (except public administration) (3)
- Retail trade (3)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Allen County, OH (5)
- Franklin County, OH (3)
- Mercer County, OH (3)
How this lender was matched in the SBA files: 504 third-party lender name: same name, state and city (SBA lists “West Central Development Corporation”); SBA lender ID 0506186: same name, state and city (SBA lists “West Central Development Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. West Central Development Corporation, dba Anchor Financial Services may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Perrysburg and Ohio
- Appalachian Growth Capital, LLCLoan fund · Logan, OHCommercial real estate loans, Equipment loans, Small-business loansVerified
- Buckeye State Credit Union, INC.Credit union · Akron, OHAuto / vehicle loans, Home mortgages, Personal / consumer loansVerified
- Canton School Employees Federal Credit UnionCredit union · Canton, OHAuto / vehicle loans, Equipment loans, Home mortgages, Personal / consumer loansVerified
- Cardinal Credit UnionCredit union · Mentor, OHAuto / vehicle loans, Commercial real estate loans, Equipment loans, Microloans…Verified
- Cincinnati Development Fund, Inc.Loan fund · Cincinnati, OHCommercial real estate loans, Affordable housing development loans, Nonprofit / community facility loansVerified
- Cleveland Development Advisors Community Reinvestment Fund, Inc.Loan fund · Cleveland, OHCommercial real estate loansVerified
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