BEFCOR - Business Expansion Funding Corporation
Financial ServicesNorth Carolina, United States11-50 Employees
BEFCOR is a nonprofit Certified Development Company that operates under the U.S. Small Business Administration to administer SBA 504 loans in North Carolina and South Carolina. Based in Charlotte, North Carolina, it partners with private lenders to help owner-occupied businesses secure up to 90% financing for commercial real estate and other fixed assets. The organization maintains a small-to-mid-sized staff. Its program focus centers on supporting business growth, expansion, and job creation through the 504/CDC loan structure. In 2021, BEFCOR expanded its outreach by partnering with CornerSquare Community Capital to broaden its impact in North Carolina.