Business Expansion Funding Corporation (BEFCOR)

Map of the United States with highlights on the following served areas: North Carolina, South Carolina
Areas Served
North Carolina
South Carolina
Office Locations Charlotte, North Carolina
Contact Email [email protected]
Website https://www.befcor.com

BEFCOR has been an economic development lender in NC for 40 years. As both a CDFI and SBA 504 lender, the organization’s experienced team assists emerging and expanding small businesses with financing. Contact us for more information.

Lending Focus

BEFCOR’s CDFI activities are focused on assisting small businesses throughout North Carolina that are historically under-served by traditional lenders, especially minority, woman, veteran, and rural owned businesses.

Loans At A Glance

Loan Amounts Provided

Maximum loan amount for CDFI lending $150,000.

Eligibility Criteria

  • Minimum credit score: 580 and up; varies based on analysis and review
  • Minimum owner’s equity contribution: based on review, up to 10%

Loan Types

Small Business loan funds offer longer term amortizations with repayment due at the 60th month.