Top 5 Lenders for SBA 504 Loans in North Carolina
A small business owner seeking an SBA loan must go to a lender or bank approved by the SBA. The agency does not directly provide SBA loans. With banks, credit unions, and other lenders, SBA 504 North Carolina provides significant guarantees to help lenders during bankruptcy. Aiming to encourage lenders to offer low-cost financing to small business owners who don't normally qualify for low-cost financing, the program aims to incentivize lenders to offer affordable loans with favorable terms. Discuss the top five sba cdc North Carolina . Popular and well-known SBA 504 lenders in North Carolina Business Expansion Funding Corporation (BEFCOR) Befcor is one of North Carolina's leading lenders of SBA 504 loans. In addition to extending fixed-rate, interest-free loans to small businesses, they finance property purchases, equipment purchases, and construction projects. Throughout the loan process, BEFCOR provides personalized guidance and knowledge of SBA programs, ensuring busines