Overview
What is Lewis & Clark Certified Development Company?
Lewis & Clark Certified Development Company is a nonprofit organization situated in Mandan, North Dakota. Their primary mission lies in economic development, collaborating with the Small Business Administration (SBA) and private sector lenders to offer financing solutions to small businesses. Specifically, they provide SBA 504 financing for long-term, fixed-rate financing, primarily for major assets such as land and buildings. This program offers one-on-one application assistance, loan processing, closing, and servicing. Within the past two years, they have funded 21 debentures totaling $9,136,000, contributing to the creation or retention of 170 jobs in the local community.
Is Lewis & Clark Certified Development Company legitimate?
Lewis & Clark Certified Development Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lewis & Clark Certified Development Company 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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What is the mission statement of Lewis & Clark Certified Development Company?
The Lewis & Clark Certified Development Company's mission, in essence, is centered around economic development. They achieve this by collaborating with the Small Business Administration (SBA) and private sector lenders. The company's primary objective is to provide financing solutions to small businesses, aiding in their growth and stability. This is primarily done through the SBA 504 financing program, which offers long-term, fixed rate financing for major fixed assets such as land and buildings. The company's services include one-on-one application assistance, loan processing, closing, and servicing. Over the past two years, they have funded 21 debentures totaling $9,136,000, thereby creating or retaining 170 jobs.
Who is the CEO of Lewis & Clark Certified Development Company?
Brent Ekstrom is the President of Lewis & Clark Certified Development Company.
What is the revenue of Lewis & Clark Certified Development Company?
Lewis & Clark Certified Development Company's revenue in 2022 was $268,533.
Who are the executives of Lewis & Clark Certified Development Company and what are their salaries?
There 11 volunteers at Lewis & Clark Certified Development Company.
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Where can I find the form 990 for Lewis & Clark Certified Development Company?
Lewis & Clark Certified Development Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lewis & Clark Certified Development Company
Lewis & Clark Certified Development Company, as a mission-driven entity, collaborates with the Small Business Administration (SBA) and private sector lenders to facilitate economic development. Their primary focus is providing financing to small businesses, aiding them in acquiring long-term, fixed-rate loans primarily for significant investments in fixed assets such as land and buildings. This program offers one-on-one application assistance, ensuring a smooth loan process from application to servicing for eligible businesses. Over the past two years, Lewis & Clark Certified Development Company has successfully secured debentures totaling $9,136,000, resulting in the creation or retention of 170 jobs within the small business sector.
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Impact
October, 2024
Lewis & Clark Certified Development Company significantly contributes to economic development by partnering with the SBA and private sector lenders to facilitate financing for small businesses. Through the provision of SBA 504 financing, the organization enables businesses to secure long-term, fixed-rate financing for essential fixed assets like land and buildings.
Over the past two years, Lewis & Clark has funded 21 debentures totaling $9,136,000, resulting in the creation or retention of 170 jobs. This targeted support not only helps small businesses thrive but also bolsters the local economy, driving sustainable growth in Mandan, ND, and surrounding areas. The company's commitment to offering one-on-one application assistance and comprehensive loan processing services ensures that small businesses have access to the resources they need to succeed.
This information is meant to be a general summary of Lewis & Clark Certified Development Company. 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 2022.
- Investment Income: $31
- Program Service Revenue: $268,502
- Gross Receipts: $268,533
Assets and Liabilities:
- Total Assets: $55,334
- Total Liabilities: $1,128,414
- Net Assets: -$1,073,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROCESS/SERV FEES
Revenue
$268,502
Organization Details
Founding Year
2009
Phone
(701) 667-7621Principal Officer
Brent Ekstrom
Main Address
200 1ST AVE NW, MANDAN, ND, 58554
NTEE Category
Code: P20 - Human services
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