EIN 56-1872877

Piedmont Business Capital

IRS 501(c) type
501(c)(3)
Num. employees
7
Year formed
1993
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Piedmont Business Capital generates economic growth, encourages small business development, creates jobs, and revitalizes neighborhoods by providing loans and financial services to underserved businesses. PBC offers a variety of services under its main lending program, specifically providing loans to Minority and Women owned businesses throughout the Piedmont region, with the majority of loans received by borrowers living in Guilford and Forsythe counties.
Also known as...
Greensboro Community Development Fund; Greensboro Venture Capital Fund
Total revenues
$3,154,236
2022
Total expenses
$759,769
2022
Total assets
$5,820,535
2022
Num. employees
7
2022

Program areas at Piedmont Business Capital

Piedmont Business Capital ("PBC") has many services under its main lending program. PBC provided loans to Minority and Women owned businesses throughout the Piedmont region with the majority of loans received by borrowers living in Guilford and Forsythe counties of North Carolina. PBC issued 5 loans to businesses in 2022. In addition to business lending, PBC proviced technical assistance to members of the community, who may or may not be borrowers. Our assistance programs provide guidance to business owners to improve operation of their business. 5 businesses received technical assistance during 2022.

Grants made by Piedmont Business Capital

GranteeGrant descriptionAmount
Guilford Merchants Association (GMA)Local Area Loans$7,357

Who funds Piedmont Business Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Z. Smith Reynolds Foundation (ZSR)For General Operating Support$70,000
The Winston-Salem Foundation1 Grant(s) for Varying Purposes$25,000
Community Foundation of Greater GreensboroGeneral Support$22,500

Personnel at Piedmont Business Capital

NameTitleCompensation
Rudolph H. ClarkInterim Executive Director$0
Hanif OmarDirector of Commercial
Robyn FarringtonExecutive Administrator and Office Manager
Andrew LoubertCompliance Manager
Stephanie CunninghamComptroller and Accountant
...and 10 more key personnel

Financials for Piedmont Business Capital

RevenuesFYE 12/2022
Total grants, contributions, etc.$3,137,500
Program services$16,736
Investment income and dividends$0
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$3,154,236

Form 990s for Piedmont Business Capital

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122020-08-11990View PDF
2018-122019-05-06990View PDF
...and 8 more Form 990s
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 1 new personnel
December 31, 2023
Received grants
Identified 2 new grant, including a grant for $25,000 from The Winston-Salem Foundation
November 17, 2023
Updated personnel
Identified 2 new personnel
September 24, 2023
Received grants
Identified 1 new grant, including a grant for $70,000 from Z. Smith Reynolds Foundation (ZSR)
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donations
General information
Address
1451 S Elm-Eugene St 2121
Greensboro, NC 27406
Metro area
Greensboro-High Point, NC
Website URL
piedmontbusinesscapital.org/ 
Phone
(336) 256-9350
IRS details
EIN
56-1872877
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1993
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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