Louisiana Business Loans Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 720936420 ✦ Monroe, LA ✦ Designated as a 501(c)(6)

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Overview

What is Louisiana Business Loans Inc?

Louisiana Business Loans Inc is a nonprofit organization dedicated to aiding small businesses with their financing needs. They collaborate with the U.S. SBA and private sector lenders to provide businesses with long-term, fixed-rate financing for significant assets, such as land and buildings. This support helps growing businesses secure funds for major investments, thereby fostering their growth and stability.

Is Louisiana Business Loans Inc legitimate?

Louisiana Business Loans Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Business Loans 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: $0

For more financial information, click here

What is the mission statement of Louisiana Business Loans Inc?

Louisiana Business Loans Inc's mission is centered around assisting small businesses in their financial needs. They accomplish this by collaborating with the U.S. Small Business Administration (SBA) and private sector lenders. This partnership enables them to provide growing businesses with long-term, fixed-rate financing for essential assets like land and buildings. Essentially, Louisiana Business Loans Inc plays a crucial role in facilitating access to financing for small businesses, aiding them in acquiring the necessary resources to expand and prosper.

Who is the CEO of Louisiana Business Loans Inc?

John W Bryant is the Member of Louisiana Business Loans Inc.

What is the revenue of Louisiana Business Loans Inc?

Louisiana Business Loans Inc's revenue in 2022 was $139,415.

Who are the executives of Louisiana Business Loans Inc and what are their salaries?


Here are 8 key members and their salaries:


Jimmy Stevenson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Bryant (Executive Dir.)
  • Compensation: $0
  • Related: $0
  • Other: $0
Surendra J Patel (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Bordelon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Siudy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Scallan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Worthey (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert E Schott Jr (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Louisiana Business Loans Inc?

Louisiana Business Loans Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Louisiana Business Loans Inc

Louisiana Business Loans Inc, in its mission, collaborates with the U.S. SBA and private sector lenders to aid small businesses in their financing needs. Specifically, this organization provides long-term, fixed-rate financing to businesses looking to invest in major fixed assets, such as land and buildings. By doing so, Louisiana Business Loans Inc plays a crucial role in supporting the growth of small businesses by providing them with the necessary financial resources to expand their operations and secure their future. This mission is particularly significant as it enables small businesses to acquire the infrastructure they need to thrive and contribute positively to their local economies.

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Impact




October, 2024

Louisiana Business Loans Inc significantly impacts the local economy by facilitating access to crucial financing for small businesses. By partnering with the U.S. Small Business Administration (SBA) and private sector lenders, they provide long-term, fixed-rate financing specifically tailored for major fixed assets like land and buildings. This financial support empowers small businesses in Monroe, LA, to grow and expand, contributing to community improvement and economic development. Their efforts not only enhance the viability of individual businesses but also stimulate job creation and strengthen the overall economic landscape. The focus on financing solutions helps foster sustainable growth and stability in the region, thereby uplifting the community as a whole.




This information is meant to be a general summary of Louisiana Business Loans 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.

Revenue
$139,415 (2022)
Expenses
$175,230 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,237
  • Program Service Revenue: $136,178
  • Gross Receipts: $139,415

Assets and Liabilities:

  • Total Assets: $109,836
  • Total Liabilities: $0
  • Net Assets: $109,836

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROCESSING & SERVICES FEE

Revenue

$136,178

Organization Details

Founding Year

1981

Principal Officer

John W Bryant

Main Address

1810 AUBURN AVENUE, MONROE, LA, 71201

NTEE Category

Code: S43 - Community improvement

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