Overview
What is Small Business Capital Corporation?
Small Business Capital Corporation is a nonprofit organization situated in Tulsa, Oklahoma. Their primary mission is to support small businesses by providing assistance through SBA 504 loans, stimulating private sector investment in long-term fixed assets and creating new job opportunities. During the year, they funded 12 such loans, amounting to a total of 8.58 million dollars. The organization promotes and administers this SBA 504 loan program throughout Oklahoma, aiming to foster economic growth within the small business sector. The Small Business Capital Corporation operates with a modest workforce of just two individuals.
Official website here: www.sbcc-ok.com
Is Small Business Capital Corporation legitimate?
Small Business Capital Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Small Business Capital 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $114,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,000
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Official website here: www.sbcc-ok.com
What is the mission statement of Small Business Capital Corporation?
The Small Business Capital Corporation's mission is centered around promoting and administering the SBA 504 Loan Program for small businesses. Their primary objective is to stimulate private sector investment in long-term fixed assets for these businesses, which in turn, helps create new job opportunities. Throughout the year, they provide assistance to small businesses by funding loans through the SBA 504 program, as demonstrated by their funding of 12 small business loans totaling 8,578,000 during the specified period.
Official website here: www.sbcc-ok.com
Who is the CEO of Small Business Capital Corporation?
Judy A Roach is the President & of Small Business Capital Corporation.
Official website here: www.sbcc-ok.com
What is the revenue of Small Business Capital Corporation?
Small Business Capital Corporation's revenue in 2022 was $280,630.
Official website here: www.sbcc-ok.com
Who are the executives of Small Business Capital Corporation and what are their salaries?
The average compensation at Small Business Capital Corporation during 2022 was $91,374. There are 2 employees and 7 volunteers at Small Business Capital Corporation.
Here are 8 key members and their salaries:
- Compensation: $107,500
- Related: $0
- Other: $7,249
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sbcc-ok.com
Where can I find the form 990 for Small Business Capital Corporation?
Small Business Capital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbcc-ok.com
Learn more at the official website: www.sbcc-ok.com
Mission Statement of Small Business Capital Corporation
Small Business Capital Corporation, as the name suggests, is committed to promoting and administering the Small Business Administration (SBA) 504 Loan Program across Oklahoma. Their primary mission is to assist small businesses by providing them with SBA 504 loans. These loans stimulate private sector investment in long-term fixed assets, thereby creating new job opportunities. During the year, Small Business Capital Corporation successfully funded twelve small business loans totaling 8,578,000 dollars.
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Impact
October, 2024
Small Business Capital Corporation plays a vital role in bolstering the economic landscape of Oklahoma by administering the SBA 504 loan program. This initiative facilitates access to financing for small businesses, empowering them to invest in long-term fixed assets. By providing assistance with SBA 504 loans, the corporation helps stimulate private sector investment, fostering growth and innovation within the local business community.
In a recent year, Small Business Capital Corporation funded 12 small business loans totaling $8,578,000. This financial support not only enables these businesses to expand and enhance their operations but also contributes to job creation, further strengthening the state's economy. Through its mission, Small Business Capital Corporation actively promotes community improvement and the development of a sustainable economic environment in Tulsa and across Oklahoma.
This information is meant to be a general summary of Small Business Capital 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 2022.
- Investment Income: $352
- Program Service Revenue: $280,278
- Gross Receipts: $280,630
Assets and Liabilities:
- Total Assets: $360,944
- Total Liabilities: $74,970
- Net Assets: $285,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICING FEES
Revenue
$172,685
PROCESSING FEES
Revenue
$97,677
APPLICATION DEP RETENTION
Revenue
$7,500
OTHER INCOME
Revenue
$2,416
Organization Details
Founding Year
1992
Phone
(918) 584-3638Principal Officer
Judy A Roach
Main Address
8252 S HARVARD SUITE 150, TULSA, OK, 741371646
Website
www.sbcc-ok.comNTEE Category
Code: S43 - Community improvement
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