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Loans Last Year
59
Volume Last Year
$87.8M
Average Deal Size
$3.58M
About
Founded in 1982 and headquartered in Charlotte, North Carolina, BEFCOR is a dual-certified Certified Development Company and CDFI (Community Development Financial Institution, certified in 2021) led by Executive Director Elaine Fairman. With over 40 years of economic development lending experience, BEFCOR holds Accredited Lender Program (ALP) status with the SBA and was named North Carolina SBA 504 Lender of the Year. The organization offers SBA 504 loans for owner-occupied commercial real estate and fixed assets — ranging from $25,000 up to $5.5 million — as well as CDFI lending focused on underserved small businesses across North Carolina.
Top Industries Served
| Industry | # of Loans | $ Volume |
|---|---|---|
| Day Care | 6 | $13.1M |
| Hotels | 4 | $17.6M |
| Fitness Centers | 3 | $9.6M |
| Plumbing and HVAC | 3 | $1.4M |
| Accountant Offices | 2 | $3.1M |
States Served
NC
Lending across 1 state.
Top Cities (previous yr # of loans)
| # | City | Loans |
|---|---|---|
| 1 | Charlotte | 10 |
| 2 | Wilmington | 4 |
| 3 | Raleigh | 4 |
| 4 | Mooresville | 4 |
| 5 | Asheville | 3 |
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