Founded in 1982, Business Expansion Funding Corporation (BEFCOR) is a private, non-profit Certified Development Company (CDC) certified by the U.S. Small Business Administration (SBA). The company's primary mission is to foster economic development and job creation by providing small and mid-sized businesses with long-term, fixed-rate financing for major fixed assets, such as real estate and equipment. BEFCOR collaborates with local banks and other lending partners to administer the SBA 504 Loan Program, making capital more accessible to businesses in its service area.

Founded in

United States