Overview
What is Utah Business Lending Corporation?
Utah Business Lending Corporation, designated as a 501-C3 by the Department of Agriculture, is a nonprofit organization specifically tasked with providing financial aid. They offer business loans to companies based in rural Utah, extending their support to refugees initiating their own enterprises as well. Furthermore, they collaborate with Salt Lake County in managing a revolving loan fund. Their primary activity involves administering USDA loans to eligible businesses, aiming to foster economic growth and entrepreneurship within the specified rural areas.
Is Utah Business Lending Corporation legitimate?
Utah Business Lending Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Business Lending Corporation submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Utah Business Lending Corporation?
Utah Business Lending Corporation, designated as a 501-C3 by the Department of Agriculture, is primarily tasked with providing financial aid. It offers loans to businesses situated in rural areas. Furthermore, the corporation extends lending opportunities to refugees initiating their own businesses. Additionally, it contributes to the revolving loan fund in Salt Lake County and manages USDA Loans. In essence, Utah Business Lending Corporation serves as a financial resource, aiding businesses and entrepreneurs in need.
What is the revenue of Utah Business Lending Corporation?
Utah Business Lending Corporation's revenue in 2020 was $14,441.
Who are the executives of Utah Business Lending Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Utah Business Lending Corporation?
Utah Business Lending Corporation's most recent form 990EZ was submitted in 2020 and can be accessed here.
Mission Statement of Utah Business Lending Corporation
Utah Business Lending Corporation, designated as a 501-C3 by the Department of Agriculture, serves a unique role in lending money. This nonprofit organization is committed to aiding businesses in rural Utah, providing them with the necessary financial support. Beyond this, Utah Business Lending Corporation extends its services to refugees who are embarking on their entrepreneurial journey. Additionally, the corporation assists with the revolving loan fund for Salt Lake County. Furthermore, Utah Business Lending Corporation is authorized to administer USDA Loans, demonstrating its comprehensive approach to business lending and support.
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Impact
August, 2024
Utah Business Lending Corporation plays a crucial role in fostering economic growth and entrepreneurship in rural Utah. By providing loans to businesses in underserved areas and to refugees looking to start their own ventures, the organization helps stimulate local economies and create job opportunities. Additionally, their involvement in administering USDA programs and managing the revolving loan fund for Salt Lake County further demonstrates their commitment to supporting community improvement initiatives. Through their financial assistance and support, Utah Business Lending Corporation contributes significantly to the development of small businesses and the overall well-being of the communities they serve.
This information is meant to be a general summary of Utah Business Lending Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $14,441
Assets and Liabilities:
- Total Assets: $441,415
- Total Liabilities: $805,281
- Net Assets: -$363,866
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Organization Details
Principal Officer
Gordon Holt
NTEE Category
Code: S32 - Community improvement
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