BEFCOR, a non-profit corporation, has supported local economic development in North Carolina by promoting business growth, expansion, and job creation since 1982. The organization, designed as a Certified Development Company (CDC) by the U.S. Small Business Administration (SBA), has a core focus of providing long-term, fixed-rate financing to business owners, enabling them to own instead of lease their commercial real estate and other fixed assets. More specifically, BEFCOR:

  • Markets, underwrites and processes SBA 504 Loans for business owners purchasing owner-occupied commercial real estate and other fixed assets
  • Closes and services all of its loans, building long-term relationships with both its borrowers and participating lenders
  • Connects business owners to valuable resources
  • Assists local government and other economic development organizations with developing and managing loan portfolios