Overview
What is East Texas Regional Development Company Inc?
East Texas Regional Development Company Inc is a nonprofit organization that plays a significant role in bolstering the economy of East Texas. Their primary mission is to facilitate small business growth within the region by offering financial assistance through their primary lending program, the SBA 504 Small Business Loan. These loans, which also include Chapman loans, are handled by the company and benefit small businesses by creating or preserving full-time, permanent employment opportunities. The organization acts as an intermediary, receiving loan requests from these businesses, thereby contributing to the region's economic development.
Official website here: www.etrdc.com
Is East Texas Regional Development Company Inc legitimate?
East Texas Regional Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. East Texas Regional 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.etrdc.com
What is the mission statement of East Texas Regional Development Company Inc?
East Texas Regional Development Company Inc's mission is centered around promoting economic growth in the region. They achieve this primarily through small business lending, specifically by handling loan requests for the SBA 504 Small Business Loan and Chapman loans. The company's main objective is to create or retain full-time permanent employment opportunities in the area by providing these loans. In essence, East Texas Regional Development Company Inc plays a crucial role in supporting the local business sector and contributing to job stability and growth.
Official website here: www.etrdc.com
Who is the CEO of East Texas Regional Development Company Inc?
Ms Natalie Lynch is the Secretary of East Texas Regional Development Company Inc.
Official website here: www.etrdc.com
What is the revenue of East Texas Regional Development Company Inc?
East Texas Regional Development Company Inc's revenue in 2022 was $181,261.
Official website here: www.etrdc.com
Who are the executives of East Texas Regional Development Company Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.etrdc.com
Where can I find the form 990EZ for East Texas Regional Development Company Inc?
East Texas Regional Development Company Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.etrdc.com
Learn more at the official website: www.etrdc.com
Mission Statement of East Texas Regional Development Company Inc
East Texas Regional Development Company, a nonprofit organization, is committed to fostering economic growth in the region by aiding in the development of small businesses. Their primary mission involves providing financial assistance through their main lending program, the SBA 504 Small Business Loan, and Chapman loans. The company receives loan requests from small businesses seeking these loans, with the objective of creating or retaining full-time, permanent employment opportunities in the area. By offering these loans, East Texas Regional Development Company plays a crucial role in promoting sustainable business growth and job creation within the community.
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Impact
October, 2024
East Texas Regional Development Company Inc significantly impacts the economic landscape of East Texas by facilitating small business growth through lending programs. By primarily focusing on the SBA 504 Small Business Loan, the organization provides essential financial support to small businesses, which in turn fosters job creation and retention in the region. The loans processed through this initiative not only help businesses secure the funding they need to expand or maintain operations, but they also contribute to the overall employment opportunities available in East Texas. This proactive approach to economic development aids in transforming the local economy, promoting community improvement, and ensuring a sustainable future for the region's workforce.
This information is meant to be a general summary of East Texas Regional 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.
- Investment Income: $39
- Gross Receipts: $181,261
Assets and Liabilities:
- Total Assets: $80,899
- Total Liabilities: $209,681
- Net Assets: -$128,782
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Organization Details
Phone
(903) 218-6411Principal Officer
Ms Natalie Lynch
Main Address
3800 STONE ROAD, KILGORE, TX, 75662
Website
www.etrdc.comNTEE Category
Code: S43 - Community improvement
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