2026-03-05T17:53:13+00:00 2025-09-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-10-01 541239624 504 Capital Corporation 504C 7576232691 501 Independence Parkway 330 Chesapeake VA 23320 Brent Swanson President 7576232691 2026-03-06 true Amy Bibby P00445891 8282542254 2026-03-05 2024 2025-03-06 01:10:19Z Brent Swanson 501 Independence Parkway 330 Chesapeake VA 23320 4088507 false X WWW.504CAPITAL.COM X 1983 VA TO PROVIDE SMALL BUSINESS ADMINISTRATION SECTION 504 LOANS. 7 6 8 6 0 0 2361693 2612259 324168 314855 0 2685861 2927114 0 0 1431042 1868052 0 0 525956 804103 1956998 2672155 728863 254959 4572589 5090012 389494 660202 4183095 4429810 To provide SBA Sec. 504 loans. false false 504 Capital Corporation has provided permanent below market financing to small businesses through US SBA 504 loan programs. These small business owners consist of minority-owned, women-owned, and veteran-owned businesses and some were located in the federally approved revitalization areas who could not obtain permanent financing without assistance from 504 Capital Corporation. 504 Capital Corporation obtains documentation from the borrower's primary lender explaining that they will not finance proposed projects. The documentation also explains that financing is required for the small business to move forward. The assistance provided by 504 Capital Corporation resulted in the rebuilding of neighborhoods targeted for public investment to improve and upgrade economic conditions on depressed areas. It also resulted in the creation of new jobs and retention of a significant number of jobs. 0 false false false false false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false true 0 0 8 true false false false false false false false false X 7 6 false false false false false false false true true false false false false true true false false true true true false false VA X Brent Swanson 7576232691 501 Independence Parkway 300 Chesapeake VA 32220 Brent Swanson President 40.0 X X 305000 0 24000 Joseph L Barnes Jr Treasurer 1.0 X X 0 0 0 Tara F Saunders Secretary 1.0 X X 0 0 0 David S Jolley Director 1.0 X 0 0 0 Florence G Kingston Director 1.0 X 0 0 0 Howard Wessells Director 1.0 X 0 0 0 Phil Smith Director 1.0 X 0 0 0 Christopher J Topping Business Development Officer 40.0 X 321250 0 0 Kara E Cournoyer Operations Officer 40.0 X 172500 0 0 Laura M Sawyer Underwriter 40.0 X 172500 0 12000 971250 0 36000 4 false true false 0 0 Business Loan Servicing 525990 2612259 2612259 0 0 0 0 2612259 321961 321961 0 0 1154287 1161393 -7106 0 -7106 -7106 0 0 0 0 0 2927114 2612259 0 314855 329000 1165464 173486 117079 83023 94546 34471 3016 31169 24854 146950 93905 85694 19619 7981 16196 Lawsuit Settlement 197500 Dues & Subscriptions 20253 Auto Expenses 9578 Taxes & Licenses 7324 11047 2672155 999590 459753 1298074 2431931 0 0 0 0 56760 51011 3019 15677 104711 79291 33401 25420 1994968 1988066 0 186777 118154 4572589 5090012 206198 342912 0 0 183296 317290 389494 660202 X 4183095 4429810 4183095 4429810 4572589 5090012 254959 -8244 0 X X false true true false 89368 63948 25420 15343 15343 0 25420 Closely-held equity interests Financial derivatives CORPORATE BONDS AND NOTES Mutual Funds/EFTS EQUITIES EXCHANGE TRADED FUNDS CORPORATE BONDS AND NOTES 597691 F Mutual Funds/EFTS 59785 F EQUITIES 308833 F EXCHANGE TRADED FUNDS 1021757 F 1988066 Federal Income Taxes operating Lease Liability Operating Lease Liability 119790 Settlement Liability 197500 317290 X 2915854 -8244 0 -8244 2924098 3016 0 3016 2927114 2669139 0 0 2669139 3016 0 3016 2672155 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Corporation is exempt from income taxes under Section 501(c)(6) of the Internal Revenue Code and the Statutes of the Commonwealth of Virginia; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. X X false false false Brent Swanson President 250000 0 55000 0 0 0 24000 0 0 0 329000 0 0 0 Kara E Cournoyer Operations Officer 142500 0 30000 0 0 0 0 0 0 0 172500 0 0 0 Laura M Sawyer Underwriter 142500 0 30000 0 0 0 12000 0 0 0 184500 0 0 0 Christopher J Topping Business Development Officer 146250 0 175000 0 0 0 0 0 0 0 321250 0 0 0 Schedule J, Part I, Line 3 THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND EMPLOYEES OF THE ORGANIZATION ANNUALLY. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE FORM 990 IS PROVIDED TO THE TREASURER BEFORE FILING. THE FORM 990 IS AVAILABLE TO THE BOARD, BUT IS NOT DISTRIBUTED TO BOARD MEMBERS UNLESS REQUESTED. Form 990, Part VI, Line 15a Process to establish compensation of top management official The Board of Directors reviews and approves the compensation for the executive director and employees of the organization annually. Form 990, Part VI, Line 15b Process to establish compensation of other employees The Board of Directors reviews and approves the compensation for the executive director and employees of the organization annually. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION GENERALLY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC; HOWEVER, IT IS AVAILABLE UPON REQUEST. Form 990, Part XII, Line 2c Change of oversight process or selection process THERE HAS BEEN NO CHANGE TO THE PROCESS.