Organizations Filed Purposes:
THE ORGANIZATION IS A PRIVATE NON-PROFIT CORPORATION DESIGNATED AS A CERTIFIED DEVELOPMENT CORPORATION BY THE US SMALL BUSINESS ADMINISTRATION. THE ORGANIZATION'S PRINCIPAL BUSINESS OBJECTIVE IS TO PROVIDE NON-TRADITIONAL FUNDING SOURCES TO UNDERSERVED MARKETS.
PROVIDE NON-TRADITIONAL FUNDING SOURCES TO UNDERSERVED MARKETS.
COVID-19 RELIEF:THE ORGANIZATION IS THE LENDER SERVICE PROVIDER (LSP) IN SUPPORT OF THE PRINCE GEORGE'S COUNTY COVID19 BUSINESS RELIEF FUND AND IS CHARGED TO DELIVER IMPLEMENTATION, UNDERWRITING, PORTFOLIO MANAGEMENT AND RELATED SERVICES.
SBGF:THE ORGANIZATION SERVICES AND ADMINISTERS LOANS UNDER THE PRINCE GEORGE'S COUNTY SMALL BUSINESS GROWTH FUND. THIS IS A REVOLVING LOAN FUND, CAPITALIZED WITH LINES OF CREDIT FROM 12-15 FDIC-INSURED LENDING INSTITUTIONS. THE PROGRAM PROVIDES DIRECT LOANS TO SMALL AND MINORITY BUSINESSES IN PRINCE GEORGE'S COUNTY. THE PROGRAM WAS RECENTLY EXPANDED TO CALVERT, CHARLES, HOWARD, AND MONTGOMERY COUNTIES. TYPICALLY, THESE LOANS MUST QUALIFY FOR THE SBA 7 (A)/COMMUNITY ADVANTAGE GUARANTEE. THE ORGANIZATION IS A DESIGNATED SBA 7(A) COMMUNITY ADVANTAGE LENDER, WHICH UTILIZES A $5.5 MILLION REVOLVING LOAN FUND TO MAKE DIRECT LOANS.
SBA 504:THE ORGANIZATION MARKETS, ANALYZES, UNDERWRITES, AND SERVICES THE SBA 504 PROGRAM AS AN AGENT OF THE SBA. THE SBA 504 PROGRAM PROVIDES LONG-TERM, BELOW MARKET FIXED-RATE FINANCING FOR THE PURCHASE AND IMPROVEMENTS OF COMMERCIAL REAL ESTATE OR MACHINERY AND EQUIPMENT.
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 |
|---|
| Shelly M Gross-Wade | PRESIDENT & CEO | 40 | $154,876 |
| Dawn R Medley | VICE PRESIDENT BUSINESS FI | 40 | $124,532 |
| Shanton Kittler | DIRECTOR | 2 | $0 |
| Ken Kelly | DIRECTOR | 2 | $0 |
| Mirinda Jackson | DIRECTOR | 2 | $0 |
| Garrett Jackson | DIRECTOR | 2 | $0 |
| Andrea Harrison | DIRECTOR | 2 | $0 |
| John Hale Iii | DIRECTOR | 2 | $0 |
| Kiesha Haughton | DIRECTOR | 2 | $0 |
| Terrence Beverly | DIRECTOR | 2 | $0 |
| Peter Sorge | DIRECTOR | 2 | $0 |
| Eben Smith | SECRETARY | 2 | $0 |
| Maurice D Walker | TREASURER | 4 | $0 |
| Diane Brown | VICE CHAIR | 4 | $0 |
| Kenneth L White | CHAIR | 5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202101349349302555_public.xml