Organizations Filed Purposes:
TO PROMOTE ECONOMIC VITALITY IN THE MID-ATLANTIC REGION BY ASSISTING GROWING SMALL AND MEDIUM SIZED BUSINESSES WITH FINANCING. THE PROGRAM LOANS FUNDS TO QUALIFIED BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT. IN ADDITION TO ITS CORE SBA 504 PROGRAM THE COMPANY HAS BEEN APPROVED AS AN INTERMEDIARY LENDING PILOT PROGRAM LENDER (ILP) AND AS A COMMUNITY ADVANTAGE LENDER (CA) BY THE SMALL BUSINESS ADMINISTRATION (SBA). THESE PROGRAMS FURTHER THE MISSION OF PROMOTING ECONOMIC DEVELOPMENT IN THE COMPANY'S AREA OF OPERATIONS. SMALL LOANS FOR WORKING CAPITAL AND EQUIPMENT ARE NOT READILY AVAILABLE FROM TRADITIONAL LENDING SOURCES, BUT ARE ESSENTIAL FOR SMALL BUSINESSES TO GROW AND CREATE JOBS.
THE COMPANY WAS CERTIFIED BY THE SMALL BUSINESS ADMINISTRATION TO ADMINISTER ITS 504 LOAN PROGRAM. THE PROGRAMS LOAN FUNDS TO QUALIFIED BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT. THE COMPANY IS APPROVED AS AN SBA 504 LENDER, INTERMEDIARY LENDING PILOT PROGRAM LENDER (ILP) AND AS A COMMUNITY ADVANTAGE LENDER (CA) BY THE SMALL BUSINESS ADMINISTRATION. THESE PROGRAMS FURTHER THE MISSION OF PROMOTING ECONOMIC DEVELOPMENT IN THE COMPANY'S AREA OF OPERATIONS.
THE COMPANY WAS CERTIFIED BY THE SMALL BUSINESS ADMINISTRATION TO ADMINISTER ITS 504 LOAN PROGRAM. THE PROGRAM LOANS FUNDS TO QUALIFIED BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT.IN ADDITION TO ITS CORE SBA 504 LOAN PROGRAM, THE COMPANY HAS BEEN APPROVED BY THE SMALL BUSINESS ADMINISTRATION AS AN INTERMEDIARY LENDING PILOT PROGRAM LENDER (ILP) AND AS A COMMUNITY ADVANTAGE LENDER (CA). THE COMPANY SERVICED ILP PROGRAM LOANS AND CA PROGRAM LOANS DURING THE CURRENT FISCAL YEAR. THESE PROGRAMS PROMOTE ECONOMIC DEVELOPMENT.
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 |
|---|
| Richard Frank | PRESIDENT/CEO | 40 | $354,413 |
| Curt Solomon | SR. VICE PRESIDENT/LOAN OF | 40 | $190,129 |
| Jason Paisley | SR. VICE PRESIDENT/LOAN OF | 40 | $177,304 |
| Angela Smith | SR. VICE PRESIDENT, SERVIC | 40 | $172,816 |
| Evan Shaw | VICE PRESIDENT/CREDIT MANA | 40 | $166,424 |
| Sharon Masin | DIRECTOR FINANCE AND ACCOUNTING | 40 | $156,769 |
| John Baiocco | DIRECTOR | 2 | $0 |
| Helen Propheter | DIRECTOR | 2 | $0 |
| Deborah Minor | DIRECTOR | 2 | $0 |
| Sarah Devoe | ASSISTANT TREASURER | 2 | $0 |
| Michael W Clarke | DIRECTOR | 2 | $0 |
| Scot R Browning | DIRECTOR | 2 | $0 |
| Susan Banks | DIRECTOR | 2 | $0 |
| John J Young | ASSISTANT SECRETARY | 2 | $0 |
| T Sean E Rogstad | VICE CHAIRMAN | 2 | $0 |
| Kerry J Donley | PAST CHAIRMAN | 2 | $0 |
| Joseph B Humphries | TREASURER | 2 | $0 |
| Tommie Critchfield | SECRETARY | 2 | $0 |
| James Scanlon | CHAIRMAN | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202140429349301554_public.xml