Overview

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Est.

1968

Fiscal Year Start

Oct 1

Organization Type

Grantseeker

AI Summary

Advancement Regional Business Lenders Inc (EIN: 56-0906497) is a nonprofit organization dedicated to facilitating loan processing for small businesses and providing financial support to those unable to secure loans from traditional financial institutions. With an operating budget of $225K and total revenue of $321.7K for the 2024 fiscal year, the organization focuses on enhancing access to capital for small businesses. More information can be found on their website at www.arblinc.com.

Mission Statement

LOAN PROCESSING FOR SMALL BUSINESSES AND LOANS TO SMALL BUSINESSES WHICH CANNOT OBTAIN LOANS FROM FINANCIAL INSTITUTIONS.
Revenues
$321.7K
Expenses
$225K
Net Income:
+$96.7K
Assets
$4.5M
Liabilities
$3.3M
Net Assets:
+$1.2M
Operating Budget
$225K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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G
Greg Taylor
Board Member
W
Wayne Horne
Board Member
L
Leon Martin
Board Member

Frequently Asked Questions

What is ADVANCEMENT REGIONAL BUSINESS LENDERS INC’s budget?
In 2024, ADVANCEMENT REGIONAL BUSINESS LENDERS INC reported an annual operating budget of around $225 thousand. More detailed financial information is available to registered users.
Where does ADVANCEMENT REGIONAL BUSINESS LENDERS INC operate?
ADVANCEMENT REGIONAL BUSINESS LENDERS INC is headquartered in LUMBERTON, NC.
What is ADVANCEMENT REGIONAL BUSINESS LENDERS INC’s reliance on government grants?
ADVANCEMENT REGIONAL BUSINESS LENDERS INC relied on government grants for more than 25% of their total revenue in 2024.