Where to Start?

  1. Learn how your business can profit from a 504 loan.
  2. Contact us to discuss your goals. We'll help you get organized and direct you towards the next step in growing your business
  3. Fill out and submit a loan application

About BEFCOR

BEFCOR's mission is to promote opportunities for job creation through economic development leading, utilizing the SBA 504 Loan Program as our core program and other public financing vehicles.

Working with private-sector lenders, BEFCOR helps owner-occupied businesses in the state of North Carolina obtain up to 90% financing for fixed assets (buildings, real estate and long-term equipment).

As a non profit Certified Development Company (CDC) authorized by the U.S. Small Business Administration (SBA), BEFCOR:

  • Markets and processes applications for the 504 Loan Program
  • Closes and services all of its loans, building long-term relationships with both borrowers and lenders
  • Provides assistance to economic development organizations, including portfolio management and underwriting services

Excellent customer service by staff has resulted in 38-40 businesses per year receiving approximately $45 million in total project financing during each of the past two years and over $300 million in new business investments over the past 25 years.

 

Policy oversight and guidance is provided by a volunteer membership board appointed by local elected officials that works with the organization's Executive Director and staff.

 

Please contact us directly for more information about BEFCOR's small business services. 

SBA 504 vs Prime

Roll over the chart to see historic rates

In general, 504 rates are much lower than the prime rate, resulting in lower payments for you!