Overview
What is Nepa Alliance Business Finance Corporation?
Nepa Alliance Business Finance Corporation, situated in Pittston, Pennsylvania, serves as a certified development company (CDC) for the U.S. Small Business Administration (SBA). Their primary mission is to provide financing to small businesses, fostering economic development within their community. They accomplish this through the SBA 504 loan program, which creates and retains job opportunities by financing the purchase of property, plants, and equipment for small businesses. So far, they have secured and closed seventeen loans, providing 7,635,000 and leveraging an additional 10,535,000 in private funds, resulting in the creation of 117 new jobs. Furthermore, they have approved twenty-two additional loans for 19,000,000, with the potential to leverage an additional 30,400,000.
Official website here: www.nepabfc.org
Is Nepa Alliance Business Finance Corporation legitimate?
Nepa Alliance Business Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nepa Alliance Business Finance Corporation submitted a form 990, 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.
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Official website here: www.nepabfc.org
What is the mission statement of Nepa Alliance Business Finance Corporation?
The Nepa Alliance Business Finance Corporation serves as a certified development company (CDC) for the U.S. Small Business Administration (SBA). Their primary mission is to provide financing to small businesses through the SBA 504 CDC loan program. This initiative aims to foster increased employment opportunities by creating and retaining jobs and expanding business and industry. The corporation achieves this objective by financing the purchase of property, plants, and equipment for small businesses. In essence, Nepa Alliance Business Finance Corporation contributes to economic development within its community by promoting business growth and creation.
Official website here: www.nepabfc.org
Who is the CEO of Nepa Alliance Business Finance Corporation?
Stephen Ursich is the Board Chairp of Nepa Alliance Business Finance Corporation.
Official website here: www.nepabfc.org
What is the revenue of Nepa Alliance Business Finance Corporation?
Nepa Alliance Business Finance Corporation's revenue in 2023 was $548,959.
Official website here: www.nepabfc.org
Who are the executives of Nepa Alliance Business Finance Corporation and what are their salaries?
There 14 volunteers at Nepa Alliance Business Finance Corporation.
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Official website here: www.nepabfc.org
Where can I find the form 990 for Nepa Alliance Business Finance Corporation?
Nepa Alliance Business Finance Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nepabfc.org
Learn more at the official website: www.nepabfc.org
Mission Statement of Nepa Alliance Business Finance Corporation
Nepa Alliance Business Finance Corporation, a certified development company (CDC) for the U.S. Small Business Administration (SBA), is dedicated to providing financing solutions to small businesses. The organization's mission is to foster economic development within its community by serving loans through the SBA 504 CDC Loan Program. This program aims to create and retain employment opportunities by financing the purchase of property, plant, and equipment for small businesses. By doing so, Nepa Alliance Business Finance Corporation contributes to the expansion of businesses and industry, ultimately promoting growth and prosperity within its community.
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Impact
October, 2024
The Nepa Alliance Business Finance Corporation significantly impacts the local economy by providing crucial financing to small businesses. As a certified development company (CDC) under the U.S. Small Business Administration (SBA), it facilitates access to 504 loans that promote economic development in the community.
In recent activities, the organization secured and closed seventeen loans totaling $7,635,000, which in turn leveraged an additional $10,535,000 in private funds. This financial infusion has led to the creation of 117 new jobs, demonstrating the direct correlation between their financing efforts and local employment opportunities. Furthermore, the corporation has approved an additional twenty-two loans amounting to $19,000,000, projected to leverage an extra $30,400,000 for economic growth.
Through its mission of fostering increased employment opportunities and supporting small businesses in acquiring property, plant, and equipment, the Nepa Alliance Business Finance Corporation plays a vital role in sustaining and expanding the local economy.
This information is meant to be a general summary of Nepa Alliance Business Finance 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 2023.
- Investment Income: $3,219
- Program Service Revenue: $545,740
- Gross Receipts: $548,959
Assets and Liabilities:
- Total Assets: $389,945
- Total Liabilities: $128,118
- Net Assets: $261,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CDC ACTIVITIES FOR SBA 504 LO
Revenue
$545,740
Organization Details
Founding Year
2009
Phone
(570) 655-5581Principal Officer
Stephen Ursich
Main Address
1151 OAK STREET, PITTSTON, PA, 18640
Website
www.nepabfc.orgNTEE Category
Code: W22 - Public benefit
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