Overview
What is Wasatch Business Finance Inc?
Wasatch Business Finance Inc, situated in Murray, Utah, is a distinguished nonprofit organization, specifically categorized as a Certified Development Company (CDC). Authorized by the Small Business Administration (SBA) of the United States, this organization plays a crucial role in facilitating the SBA 504 Loan Program within Utah. Its primary mission is to support small businesses in the state by offering assistance with the SBA 405 Loan program, aiding them in accessing necessary financing for their growth and development. With a dedicated team of just two employees, Wasatch Business Finance Inc is committed to empowering local businesses and contributing to Utah's economic growth.
Is Wasatch Business Finance Inc legitimate?
Wasatch Business Finance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wasatch Business Finance 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: $157,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wasatch Business Finance Inc?
Wasatch Business Finance Inc., functioning as a private, non-profit organization, is authorized by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC). Their primary mission is to facilitate the SBA 504 Loan Program in Utah, which is designed to support small businesses by providing financial assistance. This program aims to encourage economic growth and job creation by offering long-term, fixed-rate financing for eligible projects, such as the purchase of real estate or the acquisition of machinery and equipment. By facilitating these loans, Wasatch Business Finance Inc. plays a pivotal role in fostering small business expansion and development.
Who is the CEO of Wasatch Business Finance Inc?
Steve Carlston is the Ceo & Chairman of Wasatch Business Finance Inc. The CEO's salary of Wasatch Business Finance Inc is $87,500 and their total compensation is $87,500.
What is the revenue of Wasatch Business Finance Inc?
Wasatch Business Finance Inc's revenue in 2022 was $510,000.
Who are the executives of Wasatch Business Finance Inc and what are their salaries?
The average compensation at Wasatch Business Finance Inc during 2022 was $78,748. There are 2 employees at Wasatch Business Finance Inc.
Here are 9 key members and their salaries (Wasatch Business Finance Inc's CEO's salary is $87,500 and their total compensation is $87,500):
- Compensation: $87,500
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- Other: $0
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Where can I find the form 990 for Wasatch Business Finance Inc?
Wasatch Business Finance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wasatch Business Finance Inc
Wasatch Business Finance Inc, as a privately-operated, non-profit organization, is authorized by the United States Small Business Administration (SBA) to facilitate the SBA 504 Loan Program within Utah. Its mission is to serve as a Certified Development Company (CDC), which involves providing support and assistance for businesses seeking financing through the SBA 504 Loan program. This program is designed to help small businesses gain access to long-term, fixed-rate financing for the acquisition, construction, or expansion of their facilities, thereby promoting economic growth and development within the community.
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Impact
July, 2024
Wasatch Business Finance Inc's impact is significant in facilitating the SBA 504 Loan Program in Utah, providing crucial financial assistance to small businesses in the region. By offering Certified Development Company certified SBA 504 Loan program assistance, Wasatch Business Finance plays a vital role in supporting local entrepreneurs and fostering economic growth. Through their work, they contribute to community improvement by helping businesses access the capital they need to thrive and create opportunities for employment and economic development in Utah.
This information is meant to be a general summary of Wasatch Business Finance 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.
- Gross Receipts: $510,000
Assets and Liabilities:
- Total Assets: $303,422
- Total Liabilities: $28,514
- Net Assets: $274,908
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Organization Details
Founding Year
2020
Phone
(385) 799-6700Principal Officer
Steve Carlston
Main Address
5288 S Commerce Dr, Murray, UT, 84107
NTEE Category
Code: S30 - Community improvement
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