Business Expansion Funding Corp
Mission
BEFCOR is a nonprofit organization that promotes economic development by assistingsmall businesses. A US Small Business Administration certified development company(CDC) and Department of Treasury CDFI, BEFCOR is authorized to market, underwrite, close and service CDC/504 and CDFI loans and other programs that are consistent with the economic development purposes set forth in BEFCORs Articles of Incorporation, in North Carolina, and other areas as permitted by SBA, Department of Treasury or other sources.BEFCOR enables small business to purchase owner-occupied commercial realestate and other fixed assets that promote business expansion and job creation. CDFI programs permit more extensive uses of loans in an effort to assist rural, minority and under-served businesses.
Financials
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $3.7M | $0 | $6.9M |
| 2022 | $3.8M | $0 | $6.7M |
Compensation
2023
2022
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