Overview
What is Advancement Regional Business Lenders Inc?
Advancement Regional Business Lenders Inc is a nonprofit organization that specializes in providing loan processing services for small businesses. Recognizing the challenges faced by small businesses in securing loans from financial institutions, this organization extends its support by offering loans to such businesses that may be struggling to obtain financing. By offering loan processing and direct lending services, Advancement Regional Business Lenders Inc aims to contribute positively to the growth and sustainability of small businesses in the region.
Official website here: www.arblinc.com
Is Advancement Regional Business Lenders Inc legitimate?
Advancement Regional Business Lenders Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Advancement Regional Business Lenders Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $125,996
For more financial information, click here
Official website here: www.arblinc.com
What is the mission statement of Advancement Regional Business Lenders Inc?
Advancement Regional Business Lenders Inc's mission is centered around providing loan processing services and offering loans to small businesses that have been unable to secure financing from traditional financial institutions. By doing so, the organization aims to support the growth and development of these small businesses, which often play a significant role in local economies and communities. The company's activities focus on assessing the creditworthiness of these businesses and facilitating the loan process, thereby enabling them to access much-needed capital. This mission is instrumental in fostering economic opportunities and contributing to the overall prosperity of the communities served by Advancement Regional Business Lenders Inc.
Official website here: www.arblinc.com
Who is the CEO of Advancement Regional Business Lenders Inc?
Greg Taylor is the Vice Preside of Advancement Regional Business Lenders Inc.
Official website here: www.arblinc.com
What is the revenue of Advancement Regional Business Lenders Inc?
Advancement Regional Business Lenders Inc's revenue in 2022 was $229,565.
Official website here: www.arblinc.com
Who are the executives of Advancement Regional Business Lenders Inc and what are their salaries?
The average compensation at Advancement Regional Business Lenders Inc during 2022 was $62,998. There are 2 employees at Advancement Regional Business Lenders Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.arblinc.com
Where can I find the form 990 for Advancement Regional Business Lenders Inc?
Advancement Regional Business Lenders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arblinc.com
Learn more at the official website: www.arblinc.com
Mission Statement of Advancement Regional Business Lenders Inc
Advancement Regional Business Lenders Inc is dedicated to facilitating loan processing for small businesses that struggle to secure financing from traditional financial institutions. The organization's mission is centered around extending loans to these small businesses, providing them with the necessary capital they require to grow and thrive. By offering loan processing services, Advancement Regional Business Lenders Inc plays a vital role in supporting entrepreneurship and fostering economic development within the small business sector. The organization's mission is to level the playing field, ensuring that deserving small businesses have access to financing, regardless of their ability to secure loans from conventional financial institutions.
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Impact
October, 2024
Advancement Regional Business Lenders Inc plays a crucial role in supporting small businesses that face challenges in accessing traditional financing options. By providing loan processing services and direct loans to these businesses, the organization helps bridge the gap for those unable to secure funding from financial institutions. This assistance not only empowers entrepreneurs but also fosters economic growth and community development, particularly in areas like Lumberton, NC. The organization's focus on financing small businesses contributes to job creation and stability within the local economy, enhancing the overall quality of life in the community. Through its mission, Advancement Regional Business Lenders Inc significantly impacts the entrepreneurs it serves and the broader region by promoting sustainable business practices and community improvement.
This information is meant to be a general summary of Advancement Regional Business Lenders Inc. 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.
- Program Service Revenue: $229,565
- Gross Receipts: $229,565
Assets and Liabilities:
- Total Assets: $4,080,713
- Total Liabilities: $2,953,911
- Net Assets: $1,126,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST AND LOAN FEES
Revenue
$227,265
MISCELLANEOUS
Revenue
$2,300
Organization Details
Founding Year
1968
Phone
(910) 738-4851Principal Officer
Greg Taylor
Main Address
902 NORTH PINE STREET, LUMBERTON, NC, 28358
Website
www.arblinc.comNTEE Category
Code: S40 - Community improvement
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