Business Expansion Funding Corporation
Charlotte, NC Doing business as Befcor Business Expansion Funding Corporation
- UEI
- JY9HYAYSLP95
- CAGE
- 8H6K2
- Primary NAICS
- 522310 Mortgage and Nonmortgage Loan Brokers
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Tax Exempt)
- NAICS codes registered in SAM.gov
- SAM.gov registration date
- Physical address
- 5970 Fairview Rd # 218, Charlotte, NC 28210, USA
- Website
- befcor.com
- Founded
- 1982
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Financials
- Diversified Financial Services
- Financial Services
- SIC code
- 61 Nondepository Institutions
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Purpose: to promote economic revitalization and community development through technical assistance awards to build the… | Community Development Financial Institutions Fund | $125,000 | |
| Cdfi rapid response program award | Community Development Financial Institutions Fund | $200,000 | |
| Technical assistance award | Community Development Financial Institutions Fund | $125,000 |
About Business Expansion Funding Corporation
Business Expansion Funding Corporation (Befcor) is a licensed non-profit lender that provides funding for small businesses in the Carolinas through SBA 504 loans and other financing solutions. They partner with private sector lenders to help owner-occupied businesses obtain up to 90% financing. Befcor is registered as a corporate entity tax-exempt non-profit organization.
Through federal grant awards from the Department of the Treasury's Community Development Financial Institutions (CDFI) Fund, Befcor has provided technical assistance to build organizational capacity for certified and emerging CDFIs nationwide. A $125,000 CDFI Program award in 2022 covered personnel, training, travel, and supplies to assist CDFIs in better serving low-income communities lacking access to affordable financial products and services. Additionally, a $200,000 Project Grant through the CDFI Rapid Response Program in 2021 supported Befcor's efforts to prepare for and respond to economic impacts of coronavirus through September 2023 by providing community development products and services in low-income areas affected by the pandemic. Another $125,000 Technical Assistance award from the CDFI Fund in 2020 aimed to strengthen Befcor's organizational capacity over three years. As a CDFI itself, Befcor utilizes federal funding to promote economic revitalization and community development through investment in and assistance to CDFIs serving eligible markets across the United States.
Quick answers
What is Business Expansion Funding Corporation's UEI?
Business Expansion Funding Corporation's Unique Entity ID (UEI) in SAM.gov is JY9HYAYSLP95.
What is Business Expansion Funding Corporation's CAGE code?
Business Expansion Funding Corporation's CAGE code is 8H6K2.
What is Business Expansion Funding Corporation's primary NAICS code?
Business Expansion Funding Corporation's primary NAICS code is 522310 (Mortgage and Nonmortgage Loan Brokers).
Where is Business Expansion Funding Corporation located?
Business Expansion Funding Corporation's physical address in SAM.gov is 5970 Fairview Rd # 218, Charlotte, NC 28210, USA.
Is Business Expansion Funding Corporation registered in SAM.gov?
Yes. Business Expansion Funding Corporation's SAM.gov registration is active through April 17, 2027.
What is Business Expansion Funding Corporation's most recent federal award?
Business Expansion Funding Corporation's most recent federal grant award is Purpose: to promote economic revitalization and community development through technical assistance awards to build the… (221TA059926G), from Community Development Financial Institutions Fund, on September 26, 2022.
On GovTribe
See Business Expansion Funding Corporation's full federal record
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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