MORE resources are headed to Western NC small businesses!
To our Western NC Business Community, Mountain Bizworks will be offering a recovery fund!
BEFCOR is a nonprofit Certified Development Company (CDC) authorized by the U.S. Small Business Administration (SBA) to market, underwrite, close and service 504/CDC Loans in North Carolina and South Carolina. BEFCOR partners with private-sector lenders to help owner-occupied businesses to obtain up to 90% financing for commercial real estate and other fixed assets. BEFCOR supports business growth, expansion and job creation.
BEFCOR - Business Expansion Funding Corporation的外部链接
5970 Fairview Rd, Suite 218
US,NC,Charlotte,28210
MORE resources are headed to Western NC small businesses!
To our Western NC Business Community, Mountain Bizworks will be offering a recovery fund!
RECENT SBA 504 Loan Approval:? ? Wholesale Supplier of Welding Consumables o $380,000 Project o Women-Owned Business o Located in HUB Zone BEFCOR.com
It’s October and that means a new SBA fiscal year! Want to learn about lower SBA 504 loan costs? You can count on the team at BEFCOR to be fully up to date on all the latest SBA changes.? BEFCOR.com
MEET THE BEFCOR TEAM: Adam Barry joined BEFCOR in 2023 after graduating cum laude from Queens University of Charlotte with a bachelor’s degree in accounting and a minor in computing and data analytics. At Queens, he was a two-time captain of the men’s lacrosse team and represented the team on the Student Athlete Advisory Committee. We are proud to have Adam on Team BEFCOR! BEFCOR.com
Meet BEFCOR Team Member Amber Quattlebaum. Amber joined BEFCOR in 2023 as a Loan Processor. She previously worked for the U.S. Small Business Administration as a Program Support Assistant. She is excited to continue helping small businesses gain access to capital. Amber’s hobbies include reading, writing, photography, social media, cruising, and spending time with family and friends. Amber’s experience and deep passion for helping small businesses make her a great addition to BEFCOR’s Team! BEFCOR.com
SBA 504 loans help banks be competitive. If you are a NC Small Business Banker, be the first to suggest a 504 loan to your expanding small business customers who need a lower blended rate, less money down and financing costs included in their loan. Call one of our BDOs for a side-by-side comparison for the most competitive solutions available! BEFCOR.com
How does BEFCOR partner with banks and their business customers? Beautifully! Bring us into the financing discussion early and we can help. We partner with banks and businesses! BEFCOR.com
Can an SBA 504 loan include Equipment and Furniture in a new building project? Yes, and they can be included with the 25-year amortization! Better cash flow with less money down -- call a BEFCOR BDO today to see a sample project structure! BEFCOR.com
Banks reduce their risk by partnering with BEFCOR and SBA 504 loans. Generally, banks finance 50% portion of the project cost, secured by a first lien on the financed property or equipment. BEFCOR, using SBA-backed 504 loans, finances 40%, secured by a subordinate lien. Businesses generally have a 10% down payment – which is much lower than the down payment for most conventional loans.?? BEFCOR.com
The SBA 504 program encourages energy efficiency. If a small business project reduces energy consumption by at least 10%, or generates renewable energy, businesses may qualify for larger SBA 504 loan amounts. BEFCOR has partnered with many banks on these projects. Contact us to learn more!? BEFCOR.com