FINANCIALS
Our Data
This selected financial data is presented in summary format to provide information regarding the financial performance of the Rural Economic Development Center, Inc. (REDC) in a manner that is meaningful and useful to the widest range of readers. This information was derived from the audited consolidated financial statements. Interested parties should review the Form 990 of REDC and Thread Capital, Inc. for more detailed information.
- 121
LOANS - TOTAL NUMBER OF LOANS MADE
TOTAL AMOUNT OF LOAN FUNDS DISTRIBUTED
- 21%
- WOMEN
- 25 LOANS
- 10%
- BLACK OR
AFRICAN-AMERICAN - 12 LOANS
- 4%
- LATINO OR
HISPANIC - 5 LOANS
- 6%
- VETERAN
- 7 LOANS
- 45%
- RURAL
- 55 LOANS
- 46%
- VERY SMALL BUSINESS
- 56 LOANS
LIFE OF THE PROGRAM
1,008 TOTAL LOANS
$131,153,101 TOTAL LOAN VALUE
Fiscal Year 2023
- 91
LOANS - TOTAL NUMBER OF LOANS MADE
TOTAL AMOUNT OF LOAN FUNDS DISTRIBUTED
- 64%
- WOMEN
- 58 LOANS
- $1,097,400
- 69%
- BLACK OR
AFRICAN-AMERICAN - 63 LOANS
- $1,208,237
- 11%
- LATINO OR
HISPANIC - 10 LOANS
- $348,300
- 8%
- VETERAN
- 7 LOANS
- 42%
- RURAL
- 38 LOANS
- $851,400
- 78%
- CDFI ELIGIBLE
- 74 LOANS
- $1,623,346
LIFE OF THE PROGRAM
1,648 TOTAL LOANS
$85,693,362 TOTAL LOAN VALUE
December 2023
- 101
LOANS - TOTAL NUMBER OF LOANS MADE
TOTAL AMOUNT OF LOAN FUNDS DISTRIBUTED
- 45%
- WOMEN
- 45 LOANS
- 44%
- BLACK OR
AFRICAN-AMERICAN - 44 LOANS
- 4%
- LATINO OR
HISPANIC - 4 LOANS
- 8%
- VETERAN
- 8 LOANS
- 25%
- RURAL
- 25 LOANS
- 69%
- VERY SMALL BUSINESS
- 68 LOANS
LIFE OF THE PROGRAM
234 TOTAL LOANS APPROVED
$33,776,526 TOTAL LOAN VALUE
Fiscal Year 2023
Thank you to our 2023 Funders and Supporters
To learn more about investing in the future of rural North Carolina, please contact Jenal Austin, Director of Strategic Partnerships, [email protected].