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Employer Identification Number 54-1193174

BUSINESS FINANCE GROUP, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:BUSINESS FINANCE GROUP, INC.
Employer identification number (EIN):54-1193174
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:522300
NAIC Description: Activities Related to Credit Intermediation
401k Pension/Benefits registration BUSINESS FINANCE GROUP, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationVirgninia, VA

Organization Overview

Mission StatementTHE COMPANY WAS CERTIFIED BY THE SMALL BUSINESS ADMINISTRATION TO ADMINISTER ITS 504 LOAN PROGRAM. THE PROGRAMS LOAN FUNDS TO QUALIFIED BUSINESSES TO PROMOTE ECONOMIC DEVELOPMENT. THE COMPANY IS APPROVED AS AN SBA 504 LENDER, INTERMEDIARY LENDING PILOT PROGRAM LENDER (ILP) AND AS A COMMUNITY ADVANTAGE LENDER (CA) BY THE SMALL BUSINESS ADMINISTRATION. THESE PROGRAMS FURTHER THE MISSION OF PROMOTING ECONOMIC DEVELOPMENT IN THE COMPANY'S AREA OF OPERATIONS.
Number of Employees30
Number of Volunteers0
Year Formed1982

Organization Governance

Legal DomicileVA
Voting Members - Governing Body11
Voting Members - Independent11

Organization Financials

2023-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,577,496
Program Service Revenue from current yearUSD $ 4,612,765
Investment Income from prior yearUSD $ 11,614
Investment Income from current yearUSD $ 63,066
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,675,831
Net assets / fund balances at end of fiscal yearUSD $ 4,518,891
Net assets / fund balances at beginning of fiscal yearUSD $ 4,310,890
Total liabilities at end of fiscal yearUSD $ 3,683,041
Total liabilities at beginning of fiscal yearUSD $ 4,614,618
Total assets at end of fiscal yearUSD $ 8,201,932
Total assets at beginning of fiscal yearUSD $ 8,925,508
Revenues less expenses for current yearUSD $ 208,001
Revenues less expenses for previous yearUSD $ 275,926
Total expenses for current yearUSD $ 4,467,830
Total expenses for previous yearUSD $ 4,313,184
Other expenses in current yearUSD $ 850,049
Other expenses in previous yearUSD $ 716,365
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,617,781
Employee salary and benefits paid in previous yearUSD $ 3,596,819
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,675,831
Total revenue in previous fiscal yearUSD $ 4,589,110
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,367,632
Program Service Revenue from current yearUSD $ 4,577,496
Investment Income from prior yearUSD $ 11,708
Investment Income from current yearUSD $ 11,614
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,589,110
Net assets / fund balances at end of fiscal yearUSD $ 4,310,890
Net assets / fund balances at beginning of fiscal yearUSD $ 4,034,964
Total liabilities at end of fiscal yearUSD $ 4,614,618
Total liabilities at beginning of fiscal yearUSD $ 5,439,979
Total assets at end of fiscal yearUSD $ 8,925,508
Total assets at beginning of fiscal yearUSD $ 9,474,943
Revenues less expenses for current yearUSD $ 275,926
Revenues less expenses for previous yearUSD $ -52,160
Total expenses for current yearUSD $ 4,313,184
Total expenses for previous yearUSD $ 4,431,500
Other expenses in current yearUSD $ 716,365
Other expenses in previous yearUSD $ 684,633
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,596,819
Employee salary and benefits paid in previous yearUSD $ 3,746,867
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,589,110
Total revenue in previous fiscal yearUSD $ 4,379,340
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,235,636
Program Service Revenue from current yearUSD $ 4,367,632
Investment Income from prior yearUSD $ 8,985
Investment Income from current yearUSD $ 11,708
Other Revenue from prior yearUSD $ 204
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,465,228
Net assets / fund balances at end of fiscal yearUSD $ 4,034,964
Net assets / fund balances at beginning of fiscal yearUSD $ 4,087,124
Total liabilities at end of fiscal yearUSD $ 5,439,979
Total liabilities at beginning of fiscal yearUSD $ 4,013,372
Total assets at end of fiscal yearUSD $ 9,474,943
Total assets at beginning of fiscal yearUSD $ 8,100,496
Revenues less expenses for current yearUSD $ -52,160
Revenues less expenses for previous yearUSD $ -88,419
Total expenses for current yearUSD $ 4,431,500
Total expenses for previous yearUSD $ 4,333,244
Other expenses in current yearUSD $ 684,633
Other expenses in previous yearUSD $ 824,149
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,746,867
Employee salary and benefits paid in previous yearUSD $ 3,509,095
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,379,340
Total revenue in previous fiscal yearUSD $ 4,244,825
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,375,846
Program Service Revenue from current yearUSD $ 4,235,636
Investment Income from prior yearUSD $ 8,334
Investment Income from current yearUSD $ 8,985
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 204
Gross receipts from all sourcesUSD $ 4,244,825
Net assets / fund balances at end of fiscal yearUSD $ 4,087,124
Net assets / fund balances at beginning of fiscal yearUSD $ 4,163,176
Total liabilities at end of fiscal yearUSD $ 4,013,372
Total liabilities at beginning of fiscal yearUSD $ 4,444,265
Total assets at end of fiscal yearUSD $ 8,100,496
Total assets at beginning of fiscal yearUSD $ 8,607,441
Revenues less expenses for current yearUSD $ -88,419
Revenues less expenses for previous yearUSD $ 112,467
Total expenses for current yearUSD $ 4,333,244
Total expenses for previous yearUSD $ 4,271,713
Other expenses in current yearUSD $ 824,149
Other expenses in previous yearUSD $ 963,637
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,509,095
Employee salary and benefits paid in previous yearUSD $ 3,308,076
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,244,825
Total revenue in previous fiscal yearUSD $ 4,384,180
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 204
2019-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,224,266
Program Service Revenue from current yearUSD $ 4,375,846
Investment Income from prior yearUSD $ 2,777
Investment Income from current yearUSD $ 8,334
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,384,180
Net assets / fund balances at end of fiscal yearUSD $ 4,163,176
Net assets / fund balances at beginning of fiscal yearUSD $ 4,050,442
Total liabilities at end of fiscal yearUSD $ 4,444,265
Total liabilities at beginning of fiscal yearUSD $ 4,997,599
Total assets at end of fiscal yearUSD $ 8,607,441
Total assets at beginning of fiscal yearUSD $ 9,048,041
Revenues less expenses for current yearUSD $ 112,467
Revenues less expenses for previous yearUSD $ 376,412
Total expenses for current yearUSD $ 4,271,713
Total expenses for previous yearUSD $ 3,850,631
Other expenses in current yearUSD $ 963,637
Other expenses in previous yearUSD $ 927,134
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,308,076
Employee salary and benefits paid in previous yearUSD $ 2,923,497
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,384,180
Total revenue in previous fiscal yearUSD $ 4,227,043
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2018-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,084,077
Program Service Revenue from current yearUSD $ 4,224,266
Investment Income from prior yearUSD $ 2,554
Investment Income from current yearUSD $ 2,777
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,227,043
Net assets / fund balances at end of fiscal yearUSD $ 4,050,442
Net assets / fund balances at beginning of fiscal yearUSD $ 3,664,448
Total liabilities at end of fiscal yearUSD $ 4,997,599
Total liabilities at beginning of fiscal yearUSD $ 4,959,949
Total assets at end of fiscal yearUSD $ 9,048,041
Total assets at beginning of fiscal yearUSD $ 8,624,397
Revenues less expenses for current yearUSD $ 376,412
Revenues less expenses for previous yearUSD $ 154,351
Total expenses for current yearUSD $ 3,850,631
Total expenses for previous yearUSD $ 3,932,280
Other expenses in current yearUSD $ 927,134
Other expenses in previous yearUSD $ 1,073,138
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,923,497
Employee salary and benefits paid in previous yearUSD $ 2,859,142
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,227,043
Total revenue in previous fiscal yearUSD $ 4,086,631
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2017-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,865,368
Program Service Revenue from current yearUSD $ 4,084,077
Investment Income from prior yearUSD $ 2,960
Investment Income from current yearUSD $ 2,554
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,086,631
Net assets / fund balances at end of fiscal yearUSD $ 3,664,448
Net assets / fund balances at beginning of fiscal yearUSD $ 3,500,587
Total liabilities at end of fiscal yearUSD $ 4,959,949
Total liabilities at beginning of fiscal yearUSD $ 4,533,909
Total assets at end of fiscal yearUSD $ 8,624,397
Total assets at beginning of fiscal yearUSD $ 8,034,496
Revenues less expenses for current yearUSD $ 154,351
Revenues less expenses for previous yearUSD $ 24,160
Total expenses for current yearUSD $ 3,932,280
Total expenses for previous yearUSD $ 3,844,168
Other expenses in current yearUSD $ 1,073,138
Other expenses in previous yearUSD $ 792,395
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,859,142
Employee salary and benefits paid in previous yearUSD $ 3,051,773
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,086,631
Total revenue in previous fiscal yearUSD $ 3,868,328
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,867,408
Program Service Revenue from current yearUSD $ 3,865,368
Investment Income from prior yearUSD $ 2,953
Investment Income from current yearUSD $ 2,960
Other Revenue from prior yearUSD $ 563
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,868,328
Net assets / fund balances at end of fiscal yearUSD $ 3,500,587
Net assets / fund balances at beginning of fiscal yearUSD $ 3,470,013
Total liabilities at end of fiscal yearUSD $ 4,533,909
Total liabilities at beginning of fiscal yearUSD $ 3,760,540
Total assets at end of fiscal yearUSD $ 8,034,496
Total assets at beginning of fiscal yearUSD $ 7,230,553
Revenues less expenses for current yearUSD $ 24,160
Revenues less expenses for previous yearUSD $ 82,492
Total expenses for current yearUSD $ 3,844,168
Total expenses for previous yearUSD $ 3,788,432
Other expenses in current yearUSD $ 792,395
Other expenses in previous yearUSD $ 826,003
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,051,773
Employee salary and benefits paid in previous yearUSD $ 2,962,429
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,868,328
Total revenue in previous fiscal yearUSD $ 3,870,924
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-09-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,813,604
Program Service Revenue from current yearUSD $ 3,867,408
Investment Income from prior yearUSD $ 4,775
Investment Income from current yearUSD $ 2,953
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 563
Gross receipts from all sourcesUSD $ 3,870,924
Net assets / fund balances at end of fiscal yearUSD $ 3,470,013
Net assets / fund balances at beginning of fiscal yearUSD $ 3,388,674
Total liabilities at end of fiscal yearUSD $ 3,760,540
Total liabilities at beginning of fiscal yearUSD $ 3,942,212
Total assets at end of fiscal yearUSD $ 7,230,553
Total assets at beginning of fiscal yearUSD $ 7,330,886
Revenues less expenses for current yearUSD $ 82,492
Revenues less expenses for previous yearUSD $ -19,503
Total expenses for current yearUSD $ 3,788,432
Total expenses for previous yearUSD $ 3,837,882
Other expenses in current yearUSD $ 826,003
Other expenses in previous yearUSD $ 786,896
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,962,429
Employee salary and benefits paid in previous yearUSD $ 3,050,986
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,870,924
Total revenue in previous fiscal yearUSD $ 3,818,379
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 563

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 541193174

USA Location Address
3930 PENDER DRIVE SUITE 300
FAIRFAX
VA
22030
Date first seen: 2007-01-01
Date last seen: 2024-08-31
USA Mailing Address
3930 PENDER DRIVE NO 300
FAIRFAX
VA
220300986
Date first seen: 2015-02-12
Date last seen: 2024-02-12

The following addresses have been found in other jurisdictions:

Jurisdiction:Florida Department of State Division of Corporations
Address:
C T CORPORATION SYSTEM
1200 SOUTH PINE ISLAND ROAD
PLANTATION
FL
33324
Jurisdiction Company ID:F15000003775
Jurisdiction Registration Date:2015-08-26
Jurisdiction:Colorado Department of State
Address:
Suite 601
Denver
CO
US
Jurisdiction Company ID:20238303698
Jurisdiction Registration Date:2023-12-18

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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