Organizations Filed Purposes:
TO PROMOTE ECONOMIC DEVELOPMENT AND SUSTAINABLE JOB GROWTH THROUGH FINANCING OF VIABLE SMALL BUSINESSES BY BEING AN AGENT OF THE GOVERNMENT,A PARTNER FOR COMMUNITY BANKS AND A CHAMPION FOR BUSINESSES.
TO IMPROVE THE LIVES OF DISADVANTAGED PEOPLE AND STRENGTHEN DISTRESSED COMMUNITIES THROUGH INNOVATIVE FINANCE.
COMMUNITY ADVANTAGE LOAN PROGRAM - ADMINISTER AN OUTSTANDING LOAN PORTFOLIO OF 104 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $7,062,371. DURING 2020, 6 LOANS TOTALING $853,000 WERE APPROVED AND 6 LOANS TOTALING $853,000 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR WORKING CAPITAL, INVENTORY, LEASEHOLD IMPROVEMENTS, AND OTHER GENERAL BUSINESS EXPENSES. 81.3% OF THE LOANS WERE PROVIDED TO SMALL BUSINESSES WITHIN UNDERSERVED MARKETS AND 477.5 JOBS HAVE BEEN CREATED. 1,628.25 HOURS OF TECHNICAL SUPPORT HAVE BEEN PROVIDED. THE COMMUNITY ADVANTAGE LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION.
504 LOAN PROGRAM - ADMINISTER AN OUTSTANDING PORTFOLIO CONSISTING OF 98 LOANS WITH OUTSTANDING PRINCIPAL BALANCES OF $44,210,863. DURING 2020, 4 LOANS TOTALING $2,543,000 WERE APPROVED AND 6 LOANS TOTALING $7,710,000 WERE FUNDED. THIS PROGRAM PROVIDES LOANS TO SMALL BUSINESSES FOR FIXED ASSET PROJECTS AND 2,445 JOBS HAVE BEEN CREATED. THE 504 LOAN PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION.
PAYCHECK PROTECTION PROGRAM - DURING 2020, 10 LOANS TOTALING $271,300 WERE APPROVED AND FUNDED. THIS PROGRAM PROVIDES A DIRECT INCENTIVE FOR SMALL BUSINESSES TO KEEP THEIR WORKERS ON PAYROLL. FUNDS CAN BE USED TO COVER THE COSTS OF PAYROLL AND BENEFITS, MORTGAGE INTEREST, RENT, AND UTILITIES. THE PAYCHECK PROTECTION PROGRAM ADHERES TO THE POLICIES AND PROCEDURES SET FORTH BY THE U.S. SMALL BUSINESS ADMINISTRATION.
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 |
|---|
| Robert Huff | PRESIDENT | 40 | $113,791 |
| Julie Jurosic | SECRETARY/TREASURER | 5 | $24,250 |
| Timothy Lones | BOARD MEMBER | 1 | $0 |
| Eugene Brunswick | BOARD MEMBER | 1 | $0 |
| William Leahy | BOARD MEMBER | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202131309349303463_public.xml