BEFCOR has been an economic development lender in NC for 40 years. As both a CDFI and SBA 504 lender, the organization’s experienced team assists emerging and expanding small businesses with financing. Contact us for more information.
Lending FocusBEFCOR’s CDFI activities are focused on assisting small businesses throughout North Carolina that are historically under-served by traditional lenders, especially minority, woman, veteran, and rural owned businesses.
Loans At A Glance
Loan Amounts Provided
Maximum loan amount for CDFI lending $150,000.
- Minimum credit score: 580 and up; varies based on analysis and review
- Minimum owner’s equity contribution: based on review, up to 10%
Small Business loan funds offer longer term amortizations with repayment due at the 60th month.