About Business Expansion Funding Corporation

BEFCOR (Business Expansion Funding Corporation) is a nonprofit devoted to supporting economic development in the state of North Carolina. In 35 years, BEFCOR has grown from one employee in Charlotte to having a staff of twelve in three offices serving the entire state, as well as four South Carolina counties and surrounding areas. BEFCOR ensures small businesses have access to the SBA 504 loan program, which offers long-term, low interest rate loans to emerging and expanding companies. This SBA-sponsored program is uniquely designed for fixed asset financing – a partnership approach that blends financing from a bank (or private lender) with an SBA 504 loan from BEFCOR to reduce the business’ down payment.

SBA 504 loans work in conjunction with bank financing to provide up to 90% financing for land, construction, building purchase and/or renovations, machinery and equipment, and other project costs. Refinancing of real estate and equipment can also be financed through the SBA 504 program. Key benefits of SBA 504 loans include low down payment, low fixed interest rates, 10, 20, or 25-year terms.*

BEFCOR’s experienced staff makes the financing process as seamless as possible. Small businesses benefit by having access to financing that facilitates growth and expansion. Growing businesses benefit our communities!


Growing businesses often need capital! The SBA 504 program offered by BEFCOR can finance and refinance real estate, machinery and equipment to help companies increase revenue, productivity, employees and profit. Contact BEFCOR for more details!


Finding the right land or building for your business can be a monumental decision – finding the best financing can be equally important and challenging. In some cases, where a business chooses to locate depends on the cost of financing and the amount of down payment. When you decide where your business will be located, BEFCOR can help with the financing.

As an SBA-licensed non-profit lender, BEFCOR offers SBA 504 loans to emerging and expanding businesses in North Carolina. SBA 504 financing is the perfect solution for businesses seeking low down payment, low fixed interest rate, and a longer payback. These loans are tailored to the needs of growing companies. If you have a business in North Carolina, contact BEFCOR for details about SBA 504 loans

Start the loan process with BEFCOR!

Real Estate Search

Whether your business needs an office building, a retail space, or a warehouse, an SBA 504 Loan through BEFCOR can enable you to own instead of lease. Business owners are often surprised to learn that purchasing space can be more economical than leasing – especially when you benefit from SBA 504 financing. While BEFCOR cannot help you select your site, we can help you evaluate the benefits of SBA 504 financing. We will also be a resource for you as you navigate the application and financing process. Start your loan with BEFCOR now!


Real Estate Financing

BEFCOR provides streamlined service between their clients and lenders, with a focus on building relationships and creating community success stories. With an SBA 504 loan through BEFCOR, entrepreneurs can get up to 90% financing for owner-occupied commercial real estate space. Learn more about their loan process here.

Charlotte SBA 504 Lenders

Buying an existing building or constructing a new one can pave the way for a small business to grow. The terms of a business’ loans can impact cash flow, funds for additional growth, ability to buy equipment, and whether new employees can be hired. With an SBA 504 loan through BEFCOR, entrepreneurs can receive up to 90% financing at very attractive rates and terms for owner-occupied commercial real estate. SBA financing works in conjunction with bank or private lender loans to help small businesses buy real estate. The program is perfect whether the business is purchasing, constructing, renovating, or expanding a building. Up to 90% financing is available for 20* years at low fixed interest rates. (*25-year loans will be available soon)

BEFCOR brings a team approach to assisting small businesses in applying for SBA 504 loans. Loan applicants benefit from our streamlined processes and individual attention, and our experienced staff will help with you throughout the process. Learn more about BEFCOR now!



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SBA 504 Program: A Few Things to Keep In Mind

Elaine Fairman, Executive Director of BEFCOR, once wrote an article for us, featuring the top 10 reasons to use an..Read more

BEFCOR: Top 10 Reasons to Use 504 Loans to Finance Business Expansions

In a recent interview, we asked Elaine Fairman, Executive Director of the Business Expansion Funding Corporation (BEFCOR), to share with..Read more


Business Expansion Funding Corporation

5970 Fairview Rd., Suite 218
Charlotte, NC 28210

(704) 414-3000



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