Providence Business Loan Fund

Organization Overview

Providence Business Loan Fund is located in Providence, RI. The organization was established in 1995. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Business Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Providence Business Loan Fund generated $454.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $336.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PBLF'S PRIMARY MISSION IS TO RETAIN AND CREATE JOBS BY PROVIDING ASSISTANCE AND REFERRALS TO BUSINESSES LOCATED IN PROVIDENCE, RI AND ALSO BY MAKING LOW INTEREST LOANS TO BUSINESSES THAT ARE UNABLE TO OBTAIN CONVENTIONAL FINANCING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE FISCAL YEAR ENDED JUNE 30, 2022, PBLF PROVIDED TECHNICAL ASSISTANCE TO BUSINESSES LOCATED IN THE CITY OF PROVIDENCE. PBLF ALSO MADE LOW INTEREST LOANS TO BUSINESSES THAT WILL RETAIN AND CREATE LOW/MODERATE INCOME JOBS OVER THE NEXT 2 YEARS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $232,706
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$232,706
Total Program Service Revenue$211,544
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $454,330

Peer Organizations

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