Overview
What is Southwestern Business Financing Corp?
Southwestern Business Financing Corp is a nonprofit organization situated in Phoenix, Arizona, with a focus on supporting small businesses within the state. They achieve this by originating loan packages for Small Business Administration Section 503 and Section 504 Loan Programs. Their mission is to promote small business growth in Arizona. The organization serves existing businesses by providing financial assistance through these loan programs and also manages existing loans under these programs. With a team of seven dedicated individuals, Southwestern Business Financing Corp plays a significant role in fostering economic development in the small business sector of Arizona.
Official website here: www.swbfc.com
Is Southwestern Business Financing Corp legitimate?
Southwestern Business Financing Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Southwestern Business Financing Corp 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: $219,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $335,623
For more financial information, click here
Official website here: www.swbfc.com
What is the mission statement of Southwestern Business Financing Corp?
Southwestern Business Financing Corp's mission was centered around promoting small businesses. Specifically, the corporation provided economic assistance to existing small businesses within Arizona by originating loan packages for Small Business Administration Section 503 and Section 504 Loan Programs. They also managed and serviced existing loans under these programs. The organization's goal was to contribute to the growth and sustainability of small businesses in Arizona. Regrettably, Southwestern Business Financing Corp dissolved and merged into Arizona Capital Source, another community development corporation, as of September 30, 2022.
Official website here: www.swbfc.com
Who is the CEO of Southwestern Business Financing Corp?
Todd Whisler is the Chair of Southwestern Business Financing Corp. The CEO's salary of Southwestern Business Financing Corp is $200,000 and their total compensation is $233,838.
Official website here: www.swbfc.com
What is the revenue of Southwestern Business Financing Corp?
Southwestern Business Financing Corp's revenue in 2022 was $813,174.
Official website here: www.swbfc.com
Who are the executives of Southwestern Business Financing Corp and what are their salaries?
The average compensation at Southwestern Business Financing Corp during 2022 was $79,366. There are 7 employees and 14 volunteers at Southwestern Business Financing Corp.
Here are 15 key members and their salaries (Southwestern Business Financing Corp's CEO's salary is $200,000 and their total compensation is $233,838):
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- Compensation: $200,000
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- Other: $33,838
Official website here: www.swbfc.com
Where can I find the form 990 for Southwestern Business Financing Corp?
Southwestern Business Financing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swbfc.com
Learn more at the official website: www.swbfc.com
Mission Statement of Southwestern Business Financing Corp
Southwestern Business Financing Corp, as a mission-driven organization, is dedicated to promoting the growth and success of small businesses within Arizona. Their primary activity involves providing economic assistance to these businesses. They accomplish this by originating loan packages for Small Business Administration (SBA) Section 503 and Section 504 Loan Programs. By offering these financing solutions, Southwestern Business Financing Corp aids in the expansion and development of small businesses within the state.
In addition to originating loan packages, Southwestern Business Financing Corp also serves existing loans under these SBA programs. This dual role allows the organization to ensure the continued prosperity of established small businesses, providing them with the necessary financial support to overcome challenges and thrive. It's worth noting that, following the year ending September 30, 2022, Southwestern Business Financing Corp underwent a transition, dissolving and merging with Arizona Capital Source, another community development corporation in Arizona. This merger marked a new chapter in the organization's mission to promote small business growth in the state.
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Impact
October, 2024
Southwestern Business Financing Corp significantly impacted small businesses in Arizona by providing essential economic assistance. Their role in originating loan packages for Small Business Administration (SBA) Section 503 and Section 504 loan programs was crucial for existing small businesses seeking financial support. By servicing existing loans under these programs, they enabled countless entrepreneurs to access capital necessary for growth and sustainability.
In a dynamic economic landscape, their focus on promoting small business development contributed to community improvement throughout the state. By facilitating access to financial resources, Southwestern Business Financing Corp helped stimulate local economies, create jobs, and foster innovation among small enterprises. Although the organization has since merged into Arizona Capital Source, its legacy continues to influence the economic fabric of Arizona by enhancing opportunities for small businesses.
This information is meant to be a general summary of Southwestern Business Financing Corp. 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: $2,080
- Program Service Revenue: $809,002
- Gross Receipts: $813,174
Assets and Liabilities:
- Total Assets: $1,137,344
- Total Liabilities: $48,793
- Net Assets: $1,088,551
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROCESSING AND SERVICI
Revenue
$706,389
PROGRAM INTEREST INCOM
Revenue
$102,613
Organization Details
Founding Year
1981
Phone
(602) 495-6495Principal Officer
Todd Whisler
Main Address
3800 NORTH CENTRAL AVENUE 720, PHOENIX, AZ, 85012
Website
www.swbfc.comNTEE Category
Code: S43 - Community improvement
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