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EIN 54-1193174

Business Finance Group

IRS 501(c) type
501(c)(6)
Num. employees
31
City
Fairfax
State
Virginia
Year formed
1982
Most recent tax filings
2023-09-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Business Finance Group is the number 1, 504 non-profit lender in the Mid-Atlantic area financing commercial real estate and long term equipment for small businesses.
Total revenues
$4,675,831
2023
Total expenses
$4,467,830
2023
Total assets
$8,201,932
2023
Num. employees
31
2023

Program areas at Business Finance Group

The company was certified by the small Business administration to administer its 504 loan program. The program loans funds to qualified businesses to promote economic development and job creation and retention.in addition to its core sba 504 loan program, the company has been approved by the small Business administration as a community advantage lender (ca). The company serviced ca program loans during the current fiscal year. In addition, the company provides fixed rate term loans to small businesses known as Business Finance Group growth opportunity (bfg "go") loans. These loans were formerly made as sba intermediary lending pilot (ilp) loans but the company has now exited that program. These programs promote economic development.

Personnel at Business Finance Group

NameTitleCompensation
Richard G FrankPresident and Chief Executive Officer$402,095
Angela SmithSenior Vice President Loan Closing and Servicing Manager$208,096
Curt SolomonBoard Member$218,956
Evan ShawChief Credit Officer / Vice President and Credit Manager$181,353
Sharon MasinBoard Member$176,294
...and 1 more key personnel

Financials for Business Finance Group

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$4,612,765
Investment income and dividends$63,066
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,675,831

Form 990s for Business Finance Group

Fiscal year endingDate received by IRSFormPDF link
2023-092024-02-12990View PDF
2022-092023-02-14990View PDF
2021-092022-03-14990View PDF
2020-092021-06-30990View PDF
2019-092020-10-20990View PDF
...and 9 more Form 990s
Data update history
May 22, 2024
Updated personnel
Identified 1 new personnel
January 25, 2024
Updated personnel
Identified 1 new personnel
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 23, 2023
Updated personnel
Identified 11 new personnel
Nonprofit Types
Business and community development organizations
Issues
Business and industry
Characteristics
No characteristics found
General information
Address
3930 Pender Dr 300
Fairfax, VA 22030
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Fairfax County, VA
Website URL
businessfinancegroup.org/ 
Phone
(800) 305-0504
Facebook page
BFG504 
Twitter profile
@bfg504 
IRS details
EIN
54-1193174
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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