Overview
What is Brownsville Local Development Company Inc?
Brownsville Local Development Company Inc is a nonprofit organization with a specific focus. They are appointed to manage and oversee the Small Business Administration's 504-b loan program. This program aims to provide financial assistance to small businesses, assisting them in obtaining long-term, fixed-rate loans for real estate or equipment purchases. By operating the 504-b loan program, Brownsville Local Development Company Inc plays a vital role in fostering business growth and development within the community.
Official website here: www.bdfoftexas.com
Is Brownsville Local Development Company Inc legitimate?
Brownsville Local Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Brownsville Local Development Company Inc submitted a form 990EZ, 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.
Official website here: www.bdfoftexas.com
What is the mission statement of Brownsville Local Development Company Inc?
Brownsville Local Development Company Inc's primary mission is to manage and operate the Small Business Administration's 504-b loan program. This organization is tasked with overseeing the operation of the SBA 504-b loan program, which is designed to support small businesses. By managing this program, Brownsville Local Development Company Inc plays a crucial role in facilitating access to loans for eligible small businesses, thereby promoting entrepreneurship and economic growth.
Official website here: www.bdfoftexas.com
Who is the CEO of Brownsville Local Development Company Inc?
Lloyd Molina is the Treasurer of Brownsville Local Development Company Inc.
Official website here: www.bdfoftexas.com
What is the revenue of Brownsville Local Development Company Inc?
Brownsville Local Development Company Inc's revenue in 2022 was $96,224.
Official website here: www.bdfoftexas.com
Who are the executives of Brownsville Local Development Company Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.bdfoftexas.com
Where can I find the form 990EZ for Brownsville Local Development Company Inc?
Brownsville Local Development Company Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.bdfoftexas.com
Learn more at the official website: www.bdfoftexas.com
Mission Statement of Brownsville Local Development Company Inc
Brownsville Local Development Company Inc's mission is centered around managing and operating the Small Business Administration's 504-b loan program. This organization plays a crucial role in facilitating this program, ensuring its smooth operation. By doing so, Brownsville Local Development Company Inc contributes to the provision of financial assistance for small businesses, helping them grow and create jobs within the community. The company's primary focus is on operating the SBA 504-b loan program, which offers long-term, fixed-rate financing for small businesses that are expanding or modernizing their facilities or purchasing land or equipment. By managing this program, Brownsville Local Development Company Inc plays a significant role in supporting the growth and development of small businesses in various sectors.
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Impact
October, 2024
Brownsville Local Development Company Inc plays a crucial role in fostering community improvement through its management of the Small Business Administration's 504-b loan program. By facilitating access to long-term, fixed-rate financing for small businesses, the organization bolsters local economic development and job creation in Brownsville, Texas. Its initiatives not only support entrepreneurs in obtaining the necessary capital for expansion and operational sustainability but also contribute to the overall vitality of the local economy by encouraging investment and growth. The impact extends beyond individual businesses, positively influencing the entire community through enhanced economic activity and stability.
This information is meant to be a general summary of Brownsville Local Development Company 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: $33,864
- Gross Receipts: $96,224
Assets and Liabilities:
- Total Assets: $55,267
- Total Liabilities: $17,500
- Net Assets: $37,767
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Organization Details
Phone
(956) 546-4020Principal Officer
Lloyd Molina
Main Address
P O BOX 4587, BROWNSVILLE, TX, 78523
Website
www.bdfoftexas.comNTEE Category
Code: S43 - Community improvement
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