Business Expansion Funding Corporation (BEFCOR), a non-profit lender formed in 1982, is pleased to announce the merger with Neuse River Development Authority (NRDA) of New Bern, NC.  Combined, staff has over 100 years’ experience in SBA 504 lending.

The merged entity, BEFCOR, will continue to be an economic development lender, with a primary focus on delivery of the SBA 504 business loan program in NC and 4 upstate counties of SC.

BEFCOR is headquartered in Charlotte with an expanded regional platform of offices in Raleigh / Durham and New Bern.

Please click the link below to enter BEFCOR’s website where you can find information on BEFCOR and our loan programs.