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News from BEFCOR

The Small Business Technology and Development Center: Helping North Carolina’s Small Businesses Grow 
29 Nov 2011, 8:25 pm

“We are here to help small businesses achieve their goals,” says George McAllister, director of North Carolina’s Small Business Technology and Development Center (SBTDC). With 16 locations around the state, in the last 26 years, the SBTDC has helped over 120,000 small to mid-sized businesses start and grow. It’s an important mission considering that small companies [...]

BEFCOR Gives NC Business A New “Lease” on Life! 
12 Sep 2011, 1:23 pm

For Larry Brank – co-owner of the Cheshire Fitness and Racquet Club in Black Mountain, N.C. – the clock was ticking. While the company thrives in the Black Mountain area, Brank had been leasing for years and his lease was expiring at the end of this September. That meant new negotiations and potentially more “rent [...]

BEFCOR’s Louis Rogers Meets with Bankers to Discuss SBA 504 Loans 
23 May 2011, 7:13 am

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 [...]

More info about business loan refinancing 
13 May 2011, 11:06 am

Richard Bargoil, CEO/Executive Director of BEFCOR was recently interviewed by the Charlotte Chamber for an article discussing the SBA 504/CDC loan program and the new, temporary refinancing program. In the article, Richard explains how SBA 504/CDC loans work,what type of business/properties mortgage qualifies for refinancing using a CDC/504 loan, the advantages to using a 504 loan, who business owners [...]

BEFCOR Discusses Commercial Real Estate and Business Loans 
2 May 2011, 7:39 am

Commercial and industrial real estate brokers and professionals interested in learning more about the SBA 504/CDC Loan program recently gathered for a special presentation from Jean Moody, Senior Loan Officer with BEFCOR. Hosted by KW Commercial Real Estate in Ballantyne, Jean discussed funding opportunities, requirements and new programs available to get needed financing. We welcome the opportunity to [...]

More Than $8 Million in Small Business Projects Receive BEFCOR Funding 
28 Mar 2011, 7:49 am

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 [...]

BEFCOR Helps Business Owners Shake the Money Tree at March 10 Event 
7 Mar 2011, 9:05 am

Business owners seeking funding will be able to meet with lending experts from BEFCOR and other area lenders and financial representatives at the “Business Capital 2011: Shaking the Money Tree” event on March 10 sponsored by the Rowan-Cabarrus Community College’s Small Business Center and the Catawba College Ketner School of Business. Richard Bargoil, Executive Director/CEO of [...]

504 Loan Refinancing For Eligible Small Business Assets Under Jobs Act 
18 Feb 2011, 1:03 pm

The following fact sheet was issued by the SBA. Market research shows that a large percentage of commercial mortgages outstanding are set to mature within the next few years, particularly those held by community banks.  As real estate values have declined, however, even small businesses that are performing well and making their payments on time [...]