BEFCOR’s Louis Rogers Meets with Bankers to Discuss SBA 504 Loans
Posted by Business Expansion Funding Corporation on May 23, 2011
Louis Rogers, III, Business Development Officer for BEFCOR, was recently invited by Fidelity Bank, headquartered in Fuquay-Varina, N.C. to meet with their bankers and management to discuss the SBA 504/CDC Loan Program and temporary program for commercial real estate refinancing. 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. Louis heads up BEFCOR’s Raleigh office.
The launch by the SBA of a temporary refinancing program in February has also piqued interest. The SBA is allowing loans with any maturity date to be eligible for debt refinancing under the temporary 504 Refinancing Loan Program. Initially, SBA restricted applications to loans with a maturity or balloon date on or before December 31, 2012. They soon determined that demand was limited and removed the restriction. Visit www.BEFCOR.com/bankers/ for more information about this program.
Louis has over ten years of experience in the small business commercial lending industry and brings considerable knowledge of other resources available to assist small business owners seeking to grow and expand their operations. He oversees development and processing of new commercial SBA 504 loans in the Triangle, N.C. region, one of the fastest growing markets for small business owners in the U.S.
