NewswireToday - /newswire/ -
Charlotte, NC, United States, 2012/02/06 - Charlotte’s Business Expansion Funding Corporation (BEFCOR) is proud to announce a newly formed partnership with Natural Capital Investment Fund (NCIF) that both non-profit organizations believe will be a tremendous boost to the development.
Working through the Small Business Administration (SBA) and various North Carolina lending partners, BEFCOR provides 504 loans to businesses looking to purchase or refinance business real estate. Certified as a Community Development Financial Institution and an affiliate of The Conservation Fund, NCIF provides debt and equity financing to environmental and natural resource-based small businesses. The two organizations will be working in tandem to market and promote each other’s unique products and financing options and act as mutually exclusive referral sources within the small business community.
“We are thrilled to be working with NCIF and believe cooperative partnerships of this nature are a key factor in restoring our economy by creating greater awareness and expanding small business development in North Carolina,” said BEFCOR Executive Director Richard Bargoil.
Anna Tefft, Director of Lending and NC Senior Business Lender for NCIF echoed the sentiment saying,"We are excited by this opportunity to partner with BEFCOR and increase access to capital by small businesses in our service area. Together we have a singular goal-- supporting small business development in North Carolina."
BEFCOR (befcor.com) is a non-profit, Accredited Lender Program Certified Development Company (ALP-CDC) authorized by the SBA to market, underwrite, close and service SBA 504 loans in North Carolina and South Carolina counties of York, Lancaster, Chester and Chesterfield. BEFCOR’s core business is providing long-term, fixed-rate financing to business owners, enabling them to own instead of lease their commercial real estate and other fixed assets. BEFCOR has supported local economic development by promoting business growth, expansion and job creation since designated as a CDC by the SBA in 1982.
Contact BEFCOR at 704-414-3000 for more information.
NCIF (ncifund.org) is a nonprofit lender and subsidiary of The Conservation Fund that provides debt and equity financing to environmental and natural resource-based small businesses located in North Carolina, Northeast Tennessee, Southwest Virginia and West Virginia. NCIF is certified as a Community Development Financial Institution and is an affiliate of The Conservation Fund, a national nonprofit organization with a unique dual mission of land & water conservation and economic development. Contact NCIF at 336-734-6902.