WEST CENTRAL DEVELOPMENT CORPORATION
955 COMMERCE DR NO A, PERRYSBURG, OH 43551 anchorsba.com

Total Revenue
$650,682
Total Expenses
$526,423
Net Assets
$901,432

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

NameTitleHours Per WeekTotal Salary
Robert HuffPRESIDENT40$113,791
Julie JurosicSECRETARY/TREASURER5$24,250
Timothy LonesBOARD MEMBER1$0
Eugene BrunswickBOARD MEMBER1$0
William LeahyBOARD MEMBER1$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