TIDEWATER BUSINESS FINANCING CORPORATION
501 INDEPENDENCE PARKWAY SUITE 330, CHESAPEAKE, VA 23320 www.tidewaterbusinessfinancing.com

Total Revenue
$999,122
Total Expenses
$931,020
Net Assets
$2,564,159

Organizations Filed Purposes: To provide SBA Sec. 504 loans.

TO PROVIDE SMALL BUSINESS ADMINISTRATION SECTION 504 LOANS

Tidewater Business Financing has provided permanent below market financing to small businesses through US SBA 504 loan programs. These small business owners consist of minority-owned, women-owned, and veteran-owned businesses and some were located in the federally approved revitalization areas who could not obtain permanent financing without assistance from Tidewater Business Financing. Tidewater Business Financing Corporation obtains documentation from the borrower's primary lender explaining that they will not finance proposed projects. The documentation also explains that financing is required for the small business to move forward. The assistance provided by Tidewater Business Financing resulted in the rebuilding of neighborhoods targeted for public investment to improve and upgrade economic conditions on depressed areas. It also resulted in the creation of new jobs and retention of a significant number of jobs.

Executives Listed on Filing

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

NameTitleHours Per WeekTotal Salary
Brent SwansonPresident40$198,000
Lynn K PierceHIGH COMPENSATED EMPLOYEE40$155,000
David S JolleyDIRECTor1$0
Cecil E Hobbs JrDIRECTor1$0
James T Carroll IiiDIRECTor1$0
Tara F Saunderssecretary1$0
Florence G KingstonDIRECTOR1$0
Mallory C ButlerDIRECTOR1$0
Joseph L Barnes Jrtreasurer1$0
Robert Patrick GomezDirecTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201800819349300840_public.xml