More Than $8 Million in Small Business Projects Receive BEFCOR Funding
Posted by Business Expansion Funding Corporation on March 28, 2011
We continue to see businesses and our lending partners demonstrate renewed confidence in the marketplace. BEFCOR provided North Carolina small businesses with capital for more than $3.4 million in projects in January and February 2011 and over $4.7 million in projects during the last calendar quarter of 2010.
Loan activity at BEFCOR is increasing with the launch of a temporary refinancing program last month. Small businesses facing maturity of commercial mortgages or balloon payments before December 31, 2012 may be able to refinance their mortgage debt with a 504/CDC loan from the SBA under this new, temporary program. Visit www.BEFCOR.com/bankers/ for more information about this program or call and talk with one of our loan officers.
Through the U.S. Small Business Administration (SBA) 504/CDC Loan program, BEFCOR partners with private lenders to provide long-term, fixed-rate financing to business owners, enabling them to own instead of lease their commercial real estate and other fixed assets. Our mission is to promote greater awareness of the 504/CDC loan product so more businesses have the opportunity to maximize value as they invest in their business expansion funding needs.
