Overview
What is San Fernando Valley Small Business Development Corporation?
The San Fernando Valley Small Business Development Corporation, also known as Golden State Certified Development Corporation, is a certified development corporation functioning as an agent of the U.S. Small Business Administration. Located in Van Nuys, California, this nonprofit organization's primary objective is to promote business growth and create or sustain employment within distressed and disadvantaged communities. They achieve this by originating, servicing, and monitoring SBA 504 loan transactions for qualifying businesses, with a maximum loan amount of $200,000. The loan proceeds can be utilized for working capital, real estate, or the acquisition of materials, supplies, furniture, fixtures, or equipment. Additionally, the corporation operates a direct loan program to lend funds to small businesses in need. With a workforce of 4 individuals, the San Fernando Valley Small Business Development Corporation plays a significant role in supporting the growth and sustainability of small businesses in the area.
Is San Fernando Valley Small Business Development Corporation legitimate?
San Fernando Valley Small Business Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Fernando Valley Small Business Development 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: $97,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,674
For more financial information, click here
What is the mission statement of San Fernando Valley Small Business Development Corporation?
The San Fernando Valley Small Business Development Corporation's mission is focused on assisting small businesses in accessing capital for growth and sustainability. This is achieved through various lending activities. The corporation aims to create and sustain jobs within distressed and disadvantaged communities. As a certified Development Corporation (CDC) under the U.S. Small Business Administration, it originates, services, and monitors SBA 500 loan transactions for qualifying businesses. The primary objective is to promote business growth and create or maintain employment. Additionally, the corporation operates a direct loan program, lending up to $200,000 to small businesses for working capital, real estate, or the acquisition of materials, supplies, furniture, fixtures, or equipment.
Who is the CEO of San Fernando Valley Small Business Development Corporation?
Miguel Juarez is the President/Executive Director of San Fernando Valley Small Business Development Corporation.
What is the revenue of San Fernando Valley Small Business Development Corporation?
San Fernando Valley Small Business Development Corporation's revenue in 2022 was $303,974.
Who are the executives of San Fernando Valley Small Business Development Corporation and what are their salaries?
The average compensation at San Fernando Valley Small Business Development Corporation during 2022 was $44,042. There are 4 employees at San Fernando Valley Small Business Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $97,492
- 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
Where can I find the form 990 for San Fernando Valley Small Business Development Corporation?
San Fernando Valley Small Business Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of San Fernando Valley Small Business Development Corporation
The San Fernando Valley Small Business Development Corporation, as a certified development corporation and an agent of the U.S. Small Business Administration, is dedicated to aiding small businesses in accessing capital for growth and sustainability within distressed and disadvantaged communities. The corporation's mission is twofold: firstly, it aims to assist small businesses in securing financing for expansion and maintaining their operations, thereby promoting business growth. Secondly, it focuses on creating and preserving job opportunities within these communities.
To achieve this mission, the San Fernando Valley Small Business Development Corporation originates, services, and monitors Small Business Administration 504 loan transactions for eligible businesses. The program's objective is to foster business growth and sustain employment. Additionally, the corporation operates a direct loan program, lending funds to small businesses with a maximum loan amount of $200,000. These funds can be utilized for various purposes, including working capital, real estate investment (excluding property held mainly for sale, lease, or investment), or the acquisition of necessary materials, supplies, furniture, fixtures, or equipment.
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Impact
October, 2024
The San Fernando Valley Small Business Development Corporation plays a critical role in fostering economic growth and sustainability in the region. By assisting small businesses in accessing capital through various lending activities, the organization enables these enterprises to thrive, ultimately creating and sustaining jobs within distressed and disadvantaged communities.
As an agent of the U.S. Small Business Administration, the corporation specializes in initiating, servicing, and monitoring SBA 504 loan transactions. This helps qualifying businesses obtain essential funding that promotes growth. In addition to the SBA 504 loans, the organization also manages a direct loan program that offers up to $200,000 to small businesses. These funds can be utilized for diverse purposes, including working capital, real estate development, and the acquisition of materials, supplies, furniture, fixtures, or equipment.
Through its efforts, the San Fernando Valley Small Business Development Corporation not only supports individual businesses but also contributes to community improvement, fostering a more vibrant and resilient local economy.
This information is meant to be a general summary of San Fernando Valley Small Business Development 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.
- Program Service Revenue: $206,576
- Gross Receipts: $303,974
Assets and Liabilities:
- Total Assets: $440,046
- Total Liabilities: $651,861
- Net Assets: -$211,815
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Organization Details
Founding Year
2001
Phone
(818) 205-1770Principal Officer
Miguel Juarez
Main Address
6946 VAN NUYS BOULEVARD SUITE 204, VAN NUYS, CA, 91405
NTEE Category
Code: S43 - Community improvement
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