Overview
What is Small Business Access Partners Inc?
Small Business Access Partners Inc is a nonprofit organization located in Gainesville, Georgia. With a team of six dedicated individuals, their primary mission is to assist small businesses in their capital formation and job creation efforts. They achieve this by collaborating with banks to provide Small Business Administration (SBA) loans and other economic development loans, as part of the U.S. Department of Agriculture's loan program. The organization's role is to underwrite, facilitate, and service loan programs under the Small Business Administration and United States Department of Agriculture's small business loan programs. Their purpose is to make capital more accessible to small businesses, thereby contributing to the overall economic growth of the community.
Official website here: www.sbaploans.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Small Business Access Partners Inc has demonstrated a strong commitment to accountability and finance, earning an impressive 96% overall score. The organization's high rating is primarily based on its accountability metrics, which highlight a well-structured governance system, including a fully independent board of directors and comprehensive financial oversight.
The charity's strengths include a robust program expense ratio of 73.42%, indicating that a significant portion of its funds is directed towards fulfilling its mission. Additionally, the organization has established solid policies regarding conflict of interest, whistleblower protections, and document retention, further enhancing its transparency and reliability.
There are no significant limitations noted in the available data, suggesting that Small Business Access Partners Inc operates with a high level of integrity and efficiency. Overall, the organization's performance reflects positively on its capacity to manage resources effectively while adhering to best practices in nonprofit governance.
This AI summary has been generated from information found on Charity Navigator.
Is Small Business Access Partners Inc legitimate?
Small Business Access Partners Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Small Business Access Partners 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: $889,960
For more financial information, click here
Official website here: www.sbaploans.com
What is the mission statement of Small Business Access Partners Inc?
Small Business Access Partners Inc's mission is centered around making capital accessible to small businesses. The organization achieves this by collaborating with banks to provide Small Business Administration (SBA) loans and other economic development loans. The mission of Small Business Access Partners Inc, in its own terms, is to solicit, underwrite, facilitate, and service loan programs under the SBA and United States Department of Agriculture's small business loan programs. Their objective is to make loans available to qualifying borrowers to aid in capital formation and job creation.
Official website here: www.sbaploans.com
Who is the CEO of Small Business Access Partners Inc?
Lorra Lee is the Staff, President of Small Business Access Partners Inc.
Official website here: www.sbaploans.com
What is the revenue of Small Business Access Partners Inc?
Small Business Access Partners Inc's revenue in 2022 was $1,254,670.
Official website here: www.sbaploans.com
Who are the executives of Small Business Access Partners Inc and what are their salaries?
The average compensation at Small Business Access Partners Inc during 2022 was $148,327. There are 6 employees at Small Business Access Partners Inc.
Here are 13 key members and their salaries:
- Compensation: $192,098
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- Other: $36,273
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- Compensation: $154,359
- Related: $0
- Other: $29,259
- Compensation: $226,506
- Related: $0
- Other: $35,692
Official website here: www.sbaploans.com
Where can I find the form 990 for Small Business Access Partners Inc?
Small Business Access Partners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbaploans.com
Learn more at the official website: www.sbaploans.com
Mission Statement of Small Business Access Partners Inc
Small Business Access Partners Inc is dedicated to making capital accessible to small businesses by collaborating with banks to provide Small Business Administration (SBA) loans and other economic development loans. At the heart of their mission, this organization seeks to solicit, underwrite, facilitate, and service loan programs under the SBA and the United States Department of Agriculture's Small Business Loan Programs. Their primary goal is to assist qualifying borrowers in forming capital and creating jobs. By offering these loan programs, Small Business Access Partners Inc plays a crucial role in supporting the growth and development of small businesses, contributing to the overall economic stability and progress of communities.
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Impact
July, 2024
Small Business Access Partners Inc plays a crucial role in facilitating access to capital for small businesses in the Gainesville, Georgia area. By working in conjunction with banks and utilizing programs such as SBA and USDA loans, this organization helps small businesses secure the funds they need for growth and development. This support not only assists in capital formation but also contributes to job creation within the local community. Through its efforts, Small Business Access Partners Inc actively promotes economic development and facilitates the growth of small businesses, ultimately leading to a positive impact on the community as a whole.
This information is meant to be a general summary of Small Business Access Partners 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.
- Investment Income: $2,316
- Program Service Revenue: $1,252,354
- Gross Receipts: $1,254,670
Assets and Liabilities:
- Total Assets: $5,230,470
- Total Liabilities: $2,284,434
- Net Assets: $2,946,036
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,252,354
Organization Details
Founding Year
1982
Phone
(770) 536-7839Principal Officer
Lorra Lee
Main Address
460 SOUTH ENOTA DRIVE, GAINESVILLE, GA, 30501
Website
www.sbaploans.comNTEE Category
Code: S43 - Community improvement
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