Organizations Filed Purposes:
TO STIMULATE PRIVATE SECTOR INVESTMENT BY PROVIDING FUNDING FOR SMALL BUSINESS EXPANSIONS IN MINNESOTA AND WESTERN WISCONSIN THROUGH THE UTILIZATION OF THE SMALL BUSINESS ADMINSTRATION'S 504 LOAN PROGRAM.
ADMINISTER SBA 504 LOAN PROGRAM WITHIN MINNESOTA AND WESTERN WISCONSIN.
TO STIMULATE PRIVATE SECTOR INVESTMENT BY PROVIDING FUNDING FOR SMALL BUSINESS EXPANSIONS IN MINNESOTA AND WESTERN WISCONSIN THROUGH UTILIZATION OF THE SMALL BUSINESS ADMINISTRATION'S 504 LOAN PROGRAM. BUSINESSES ARE ELIGIBLE FOR THE LOANS BASED ON THEIR PURCHASE OF FIXED ASSETS, PRIMARILY REAL ESTATE, FOR THEIR BUSINESS USE. THE ELIGIBLE BUSINESSES SHOULD RETAIN AND CREATE AT LEAST ONE JOB FOR EVERY 65,000 IN SBA GUARANTEEED FUNDS OR MEET A PUBLIC POLICY GOAL AS DICTATED BY THE SBA. THE ORGANIZATION HAD 59 LOAN APPROVALS AND 82 LOAN FUNDINGS FOR APPROXIMATELY 78.3 MILLION DURING FISCAL YEAR 2020. IT IS ANTICIPATED THAT WITHIN TWO YEARS OF FUNDING, 677 JOBS WILL BE CREATED AND/OR RETAINED AS A RESULT OF THESE LOANS.
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 |
|---|
| Peter Ingebrand | PRESIDENT | 45 | $250,477 |
| Deborah Gustafson | SENIOR LENDO | 45 | $224,927 |
| Sheil Nelson | SENIOR LENDO | 45 | $222,564 |
| Paul Lambert | VICE PRESIDE | 45 | $168,415 |
| Melissa Miller | LOAN OFFICER | 45 | $130,387 |
| Michael Kinderman | LOAN OFFICER | 45 | $121,141 |
| Terrie Ortloff | SENIOR LOAN | 45 | $113,566 |
| David Wasmuth | BOARD CHAIR | 2.5 | $5,725 |
| Dennis Welch | VICE CHAIR | 2.5 | $5,300 |
| Kevin Maas | TREASURER/SE | 2.5 | $4,825 |
| Jim Louwagie | BOARD MEMBER | 2 | $3,550 |
| Bruce Halbasch | BOARD MEMBER | 2 | $3,450 |
| Shelley Peterson-Bourland | BOARD MEMBER | 1.5 | $2,250 |
| Leonard Kirscht | BOARD MEMBER | 1.5 | $2,175 |
| Carol Maloney | BOARD MEMBER | 1.5 | $2,150 |
| Bryan Toft | BOARD MEMBER | 1.5 | $2,125 |
| Robert Heck | BOARD MEMBER | 1.5 | $2,125 |
| Mike Brass | BOARD MEMBER | 1.5 | $2,050 |
| Al Madsen | BOARD MEMBER | 1.5 | $1,975 |
| Jonathan Dolphin | BOARD MEMBER | 1.5 | $1,975 |
| Levi Smith | BOARD MEMBER | 1.5 | $1,925 |
| Royce Nelligan | BOARD MEMBER | 1.5 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202130399349300103_public.xml