Wbd Inc.
Wbd Inc.
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for Wbd Inc.? Learn more here.
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.
About this organization
Mission
PRACTICAL ASSISTANCE TO ENCOURAGE THE DEVELOPMENT OF DESIRABLE INDUSTRIES, PROJECTS & BUSINESS CONCERNS, PARTICULARLY THE RETENTION, GROWTH & EXPANSION OF SMALL BUSINESS CONCERNS.
About
WBD, INC. WAS FORMED TO ASSIST SMALL BUSINESSES IN GAINING ACCESS TO CAPITAL IN ORDER TO GROW THEIR BUSINESSES, PROVIDE JOB OPPORTUNITIES, AND INSPIRE THEIR COMMUNITIES.THE CORNERSTONE OF WBD'S SUCCESS IS THE DELIVERY OF THE SBA 504 PRODUCT. SOLD NATIONWIDE EXCLUSIVELY BY NOT-FOR-PROFIT CERTIFIED DEVELOPMENT COMPANIES (CDC), THE SBA 504 LOAN FULFILLS THE U.S. SMALL BUSINESS ADMINISTRATION'S (SBA) PUBLIC POLICY OBJECTIVE TO SUPPORT SMALL BUSINESSES AND CREATE JOBS IN OUR COMMUNITIES THROUGH LONG-TERM, FIXED RATE FINANCING. AT 9/30/19, THE SBA 504 PORTFOLIO INCLUDED 1,373 LOANS TOTALING $714,896,671. DURING THE REPORTING PERIOD, 143 LOANS TOTALING $105,738,000 WERE FUNDED; WHICH CREATED OR RETAINED 957 JOBS.SINCE 1981, WBD HAS HELPED FUND OVER 2,800 BUSINESSES IN WISCONSIN, EASTERN MINNESOTA, AND UPPER MICHIGAN; CREATED MORE THAN 67,000 JOBS; AND PRODUCED PROJECTS IN 71 OF 72 WISCONSIN COUNTIES. THIS PAST YEAR, WBD MAINTAINED ITS POSITION AS THE 11TH LARGEST PRODUCER OUT OF THE 222 CDCS IN THE U.S. WBD PARTICIPATED IN PROJECTS WITH OVER 81 WISCONSIN LENDERS AND SERVED AS AN INTEGRAL HUB IN EVERY PROJECT. ADDITIONALLY, WBD BRIDGED THE CONSTANT NEED FOR ACCESS TO CAPITAL MARKETS WHILE KEEPING THE INTERESTS OF THE LENDER, THE SBA, AND MORE IMPORTANTLY THE SMALL BUSINESS AT THE FOREFRONT.THROUGH OUR WBD SERVICE COMPANY, LLC AFFILIATE, WE PROVIDE OUTSOURCED SERVICES OF TRAINING, CONSULTING AND LOAN PACKAGING TO FINANCIAL INSTITUTIONS AND NON-BANK COMMUNITY DEVELOPMENT LENDERS FOR THE SBA GOVERNMENT SPONSORED LENDING PROGRAMS. THESE PROGRAMS PROVIDE SMALL BUSINESSES WITH A MORE FLEXIBLE ACCESS TO CAPITAL SOLUTION THAN CONVENTIONAL FINANCING. WDB'S EXPERTISE WITH THE SBA 7(A) AND COMMUNITY REINVESTMENT FUND PROGRAMS, ALONG WITH OTHER NATIONAL, STATE, AND LOCAL PROGRAMS, DELIVERS VALUE FOR PROJECTS THAT NEED MORE THAN FIXED ASSET FINANCING AVAILABLE THROUGH OUR CORE SBA 504 LOAN PROGRAM. THE 7(A) PROGRAM PROVIDES SBA FUNDING FOR PROJECTS UP TO $5,000,000 WITH LOAN GUARANTEES OF UP TO $3,750,000 FOR BUSINESS START-UPS, EXPANSIONS, ACQUISITIONS, FIXED ASSETS, AND OPERATIONAL EXPENSES. DURING THE REPORTING PERIOD, 34 TYPE 7(A) LOANS WERE PACKAGED BY WBD. THESE LOANS SUPPORTED THE CREATION OR RETENTION OF 293 JOBS AND MORE THAN $26,138,300 MILLION OF TOTAL PROJECT VALUES. THROUGH OUR PARTNERSHIP WITH VARIOUS COMMUNITY DEVELOPMENT AND MINORITY CHAMBER ORGANIZATIONS, WBD SERVICE COMPANY OFFERS LOAN SERVICING AND BACK OFFICE SUPPORT ENHANCING THE AGENCIES' ABILITIES TO DELIVER THE SERVICES THEY PROVIDE. THESE AGENCIES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING: HMONG CHAMBER OF COMMERCE, AFRICAN AMERICAN CHAMBER OF COMMERCE, FIRST AMERICAN CAPITAL CORPORATION, AND WBD GROWTH FUND, INC.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Wbd, inc. provides the knowledge, service, resources and solutions that foster economic development to create jobs, grow businesses and build communities.”.
When referring to its actions, they were described as: “Practical assistance to encourage the development of desirable industries, projects & business concerns, particularly the retention, growth & expansion of small business concerns.”.
- According to the law, the state of operation reported by the non-profit is WI.
- As per the filing, the address of the non-profit for 2020 is 4618 SOUTH BILTMORE LANE, MADISON, WI, 53718.
- According to their form, the non-profit as of 2020 has a total of 52 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $1,179,041.
- The organization has 10 independent voting members.
- The organization was formed in 1981.
- The organization pays $4,559,387 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.