504 Capital Corporation

A re you a small business owner in North Carolina seeking financial support to acquire essential equipment? Equipment loans could be your financial lifeline. Let's explore the main types of equipment loans available for small business loans in NC . Equipment Loans: An Overview Equipment small business loans in NC come in various forms, each tailored to specific needs. The most common equipment loan types include: Equipment Loan The advantage of an equipment loan lies in its ability to cover the cost of expensive equipment. However, it's important to note that the interest rate for equipment loans in NC is typically higher than that of personal loans. Lease Financing Lease financing offers borrowers the opportunity to lease equipment for a predetermined period. It often comes with higher interest rates compared to personal loans. Balloon Payment Loan Balloon payment loans require borrowers to make a substantial payment at the end of the loan term and come with higher interest

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