Organizations Filed Purposes:
THE ORGANIZATION'S MISSION IS TO PROMOTE SMALL BUSINESS GROWTH AND DEVELOPMENT BY ASSISTING THEM WITH OBTAINING THE FINANCING THEY NEED IN ORDER TO ACHIEVE THAT GROWTH AND DEVELOPMENT INCLUDING JOB CREATION.
THE ORGANIZATION ASSISTS SMALL BUSINESSES OBTAIN FINANCING FOR ECONOMIC DEVELOPMENT, INCLUDING JOB CREATION, USING LOAN PROGRAMS AVAILABLE THROUGH THE US SMALL BUSINESS ADMINISTRATION.
THE ORGANIZATION ASSISTS SMALL BUSINESSES OBTAIN FINANCING USING LOAN PROGRAMS OFFERED BY THE US SMALL BUSINESS ADMINISTRATION COMMONLY REFERRED TO AS THE SBA. THE ORGANIZATION ORIGINATES AND SUBSEQUENTLY SERVICES LOANS FOR THE SBA UNDER THEIR 504 PROGRAMS. THE ORGANIZATION SUBMITTED 27 LOAN APPLICATIONS THAT WERE APPROVED BY THE SBA DURING ITS FISCAL YEAR ENDED 09/30/2019. THE ORGANIZATION CURRENTLY SERVICES 272 LOANS FOR THE SBA.
IN ADDITION TO THE SBA LOAN PROGRAMS, THE ORGANIZATION PROMOTES SMALL BUSINESS GROWTH AND DEVELOPMENT BY MAKING LOANS DIRECTLY TO SMALL BUSINESS CONCERNS. UNDER CERTAIN CIRCUMSTANCES, THESE DIRECT LOANS ARE MADE IN CONJUNCTION WITH SBA LOANS AND ARE CONSIDERED "GAP" FINANCING. OTHER DIRECT LOANS ARE MADE WHERE LOAN AMOUNTS NEEDED BY THE SMALL BUSINESS CONCERN ARE SMALLER OR SHORTER TERM OR WHERE THE USE OF THE PROCEEDS IS MIXED (I.E. FIXED ASSET ACQUISITION OR WORKING CAPITAL) AND MAY NOT BE A CANDIDATE FOR THE SBA 504 PROGRAM.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Thomas E Hill | BUSINESS DEVELOPMENT OFFICER | 40 | $121,200 |
| Dana N Moore | EXECUTIVE DIRECTOR/SECRETARY | 40 | $114,446 |
| Maudie D Bedford | PRESIDENT & CEO | 40 | $75,430 |
| William P Barry | VICE PRESIDENT | 5 | $10,750 |
| Lee Adcox | CHAIRMAN | 10 | $10,500 |
| Mark Chambers | DIRECTOR | 3 | $8,750 |
| John Sumrall | DIRECTOR | 3 | $8,250 |
| David Mathis | DIRECTOR | 3 | $8,250 |
| John Knight | DIRECTOR | 3 | $8,250 |
| Jo Karen Parr | DIRECTOR | 3 | $6,500 |
| Perry O Hooper | DIRECTOR | 1 | $2,000 |
| Charlie Eddy | DIRECTOR | 1 | $1,750 |
| Jim Searcy | DIRECTOR | 1 | $750 |
| Macke Mauldin | DIRECTOR | 1 | $750 |
| John Williams | DIRECTOR | 1 | $500 |
| Spencer Wiggins | DIRECTOR | 1 | $250 |
| Patrick Hamner | DIRECTOR | 1 | $250 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202041129349301004_public.xml