CHESAPEAKE BUSINESS FINANCE CORP
4701 SANGAMORE RD 100N, BETHESDA, MD 20816

Total Revenue
$756,623
Total Expenses
$733,470
Net Assets
$536,041

Organizations Filed Purposes: TO PROVIDE ASSISTANCE TO SMALL BUSINESSES TO OBTAIN CAPITAL FOR THEIR GROWTH AND EXPANSION IN ACCORDANCE WITH THE UNITED STATES SMALL BUSINESS ADMINISTRATION.

CHESAPEAKE BUSINESS FINANCE CORP ("CHESAPEAKE") IS A PRIVATE NON-PROFIT CORPORATION LICENSED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA") TO MAKE SBA 504 LOANS TO BUSINESSES IN MARYLAND, DC, SOUTHERN DELAWARE, NORTHERN VIRGINIA, AND EASTERN WEST VIRGINIA.

ISSUE U.S. SMALL BUSINESS ADMINISTRATION LOANS TO ENCOURAGE SMALL BUSINESS GROWTH & FORMATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
John SowerPRESIDENT & SECRETARY, EBM50$360,000
Thomas TurnerVICE PRESIDENT40$68,728
Wilbur DoveEXECUTIVE BOARD MEMBER0.3$0
Frederick SchultzEXECUTIVE BOARD MEMBER0.2$0
Gary W ThomasEXECUTIVE BOARD MEMBER0.3$0
Bill JenneEXECUTIVE BOARD MEMBER0.3$0
Cedric L SpruillEXECUTIVE BOARD MEMBER0.3$0
David ShiklesEXECUTIVE BOARD MEMBER0.2$0
Malcolm MarshallEXECUTIVE BOARD MEMBER0.2$0
John W ByrneEXECUTIVE BOARD MEMBER0.3$0
Andrew HeckEXECUTIVE BOARD MEMBER0.3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202021689349300412_public.xml