AVISTA BUSINESS DEVELOPMENT CORPClosed
Closed
Programs
Closed
This organization closed in 2017. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.
Small Business Financing and Job Creation
THE CORPORATION, AS OF JUNE 30, 2015, HAD AN ACTIVE PORTFOLIO OF 79 LOANS WITH A FUNDED BALANCE OF 38,729,000. IN EXCESS OF 2,200 JOBS HAVE BEEN CREATED AS A DIRECT RESULT OF THIS FINANCING. TEN LOANS CURRENTLY APPROVED BUT NOT YET FUNDED WILL INCREASE THE FINANCING TOTAL BY 3,411,000 AND THE ACTIVE PORTFOLIO TO 89 LOANS. THE CORPORATION HAS COMPLETED 33 YEARS OF ACTIVE SERVICE TO SMALL BUSINESS. DUE TO THE BENEFITS OF SBA PARTICIPATION IN SMALL BUSINESS FINANCE, AREA LENDERS ARE CONTINUING TO UTILIZE THE CORPORATION'S LOAN PROGRAMS FOR THE EXPANSION OF SMALL BUSINESS.GeographiesNot indicatedDatesJul 1, 2014 – Jun 30, 2015Source990No causes providedNo populations provided–$166.5KSmall Business Financing and Job Creation
THE CORPORATION, AS OF JUNE 30, 2016, HAD AN ACTIVE PORTFOLIO OF 90 LOANS WITH A FUNDED BALANCE OF 41,512,000. IN EXCESS OF 2,800 JOBS HAVE BEEN CREATED AS A DIRECT RESULT OF THIS FINANCING. NINE LOANS CURRENTLY APPROVED BUT NOT YET FUNDED WILL INCREASE THE FINANCING TOTAL BY 6,326,000 AND THE ACTIVE PORTFOLIO TO 99 LOANS. THE CORPORATION HAS COMPLETED 34 YEARS OF ACTIVE SERVICE TO SMALL BUSINESS. DUE TO THE BENEFITS OF SBA PARTICIPATION IN SMALL BUSINESS FINANCE, AREA LENDERS ARE CONTINUING TO UTILIZE THE CORPORATION'S LOAN PROGRAMS FOR THE EXPANSION OF SMALL BUSINESS.GeographiesNot indicatedDatesJul 1, 2015 – Jun 30, 2016Source990No causes providedNo populations provided–$186.8KActive Small Business Lending
THE CORPORATION, AS OF MAY 31, 2017, COMPLETED ACTIVE LOAN SERVICING AS DIRECTED BY THE US SMALL BUSINESS ADMISTRATION. DURING THE YEAR THE ACTIVE PORTFOLIO WAS 92 LOANS COMPLETING 35 YEARS OF ACTIVE SMALL BUSINESS LENDING TO COMPANIES IN NORTH CAROLINA WITH A FOCUS ON THE WESTERN REGION.GeographiesNot indicatedDatesJun 1, 2016 – May 31, 2017Source990No causes providedNo populations provided–$356K
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