2025-09-30T08:07:59-05:00 2024-12-31 440160260 FORVIS MAZARS LLP 501 OFFICE CENTER DRIVE SUITE 300 FORT WASHINGTON PA 190343201 990 2024-01-01 522239603 CHESAPEAKE BUSINESS FINANCE CORP CHES 2402240217 4701 SANGAMORE RD 100N BETHESDA MD 20816 JOHN SOWER PRESIDENT 2026254373 2025-09-29 1 0 KIRK J ELDRIDGE P00055220 2152591000 2025-09-29 2024 2025-03-06 01:10:19Z JOHN SOWER 4701 SANGAMORE RD 100N BETHESDA MD 20816 888855 0 X N/A X 1998 MD CHESAPEAKE BUSINESS FINANCE CORP ("CHESAPEAKE") IS A PRIVATE NON-PROFIT CORPORATION LICENSED BY THE U.S. SMALL BUSINESS ADMINISTRATION ("SBA") TO MAKE SBA 504 LOANS TO BUSINESSES IN MARYLAND, DC, SOUTHERN DELAWARE, NORTHERN VIRGINIA, AND EASTERN WEST VIRGINIA. 9 8 2 9 0 0 0 0 567477 698719 9342 22124 156770 168012 733589 888855 0 0 0 0 502137 525785 0 0 0 240063 300193 742200 825978 -8611 62877 706265 864372 55281 150511 650984 713861 TO PROVIDE ASSISTANCE TO SMALL BUSINESSES TO OBTAIN CAPITAL FOR THEIR GROWTH AND EXPANSION IN ACCORDANCE WITH THE UNITED STATES SMALL BUSINESS ADMINISTRATION. 0 0 614825 698719 ISSUE U.S. SMALL BUSINESS ADMINISTRATION LOANS TO ENCOURAGE SMALL BUSINESS GROWTH & FORMATION. 614825 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 X JOHN SOWER 2402240217 4701 SANGAMORE RD 100N BETHESDA MD 20816 JOHN SOWER PRESIDENT & SECRETARY, EBM 50.00 X X 399713 0 0 ANDREW HECK EXECUTIVE BOARD MEMBER 0.30 X 0 0 0 CEDRIC L SPRUILL EXECUTIVE BOARD MEMBER 0.30 X 0 0 0 DAVID SHIKLES EXECUTIVE BOARD MEMBER 0.20 X 0 0 0 FREDERICK SCHULTZ EXECUTIVE BOARD MEMBER 0.20 X 0 0 0 GARY W THOMAS EXECUTIVE BOARD MEMBER 0.30 X 0 0 0 JOHN W BYRNE EXECUTIVE BOARD MEMBER 0.30 X 0 0 0 MALCOLM MARSHALL EXECUTIVE BOARD MEMBER 0.20 X 0 0 0 WILBUR DOVE EXECUTIVE BOARD MEMBER 0.30 X 0 0 0 THOMAS TURNER VICE PRESIDENT 40.00 X 101055 0 0 500768 0 0 2 0 1 0 0 SERVICE FEES 525990 461379 461379 LOAN FEES 525990 237340 237340 698719 22124 22124 MISCELLANEOUS INCOME 525990 168012 168012 168012 888855 698719 0 190136 X 399712 299784 99928 100936 100936 25137 20440 4697 4214 3793 421 21440 21440 177113 177113 1389 1389 11774 6221 5553 1200 300 900 3353 1677 1676 945 945 9528 9528 CONSULTANT FEES 60314 60314 DUES & SUBSCRIPTIONS 6696 6696 PAYROLL SERVICE COSTS 2227 2227 825978 614825 211153 0 662765 789163 43500 75209 3295 3295 0 0 706265 864372 45281 121511 10000 29000 55281 150511 X 0 0 0 0 650984 713861 650984 713861 706265 864372 62877 0 X 0 0 0 3295 3295 0 0 888855 0 888855 0 888855 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 JOHN SOWER PRESIDENT & SECRETARY, EBM 399713 0 0 0 0 0 0 0 0 0 399713 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS COMPOSED OF AN ELEVEN PERSON EXECUTIVE BOARD. INDIVIDUALS MAY VOTE ON ELECTION OF ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS NOT PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING; HOWEVER, THE BOARD IS PROVIDED WITH A COPY OF THE FILED 990 FOR REVIEW AND DISCUSSION AT THE ORGANIZATION'S SEMI-ANNUAL BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12C INFORMAL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC THROUGH AUDITS CONDUCTED AND RELEASED BY THE SMALL BUSINESS ADMINISTRATION. FORM 990, PART IX, LINE 11G UNDERWRITING FEES: PROGRAM SERVICE EXPENSES 177,113. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 177,113.