Financial Institution

Business Expansion Funding Corporation

Economic Development Lender, Certified Development Corporation, CDFI: focused on assisting North Carolina’s small businesses with access to capital to support growth.

Almost all types of businesses are welcome to apply.

Purpose Loans for Small Businesses

  • Building Expansion
  • Building Renovation
  • Purchase a Building
  • Purchase Equipment/Machinery
  • Purchase Inventory
  • Refinancing
  • Start-up Funding

Size of Loan for Small Businesses

  • Minimum: $5,000
  • Maximum: $5,500,000

Type of Loans Offered

  • Commercial Loan
  • Micro Loans
  • Small Business Administration (SBA)

Bank Service Area (By County)

  • All North Carolina Counties

Bank Physical Location (By County)

  • Mecklenburg

Specifically Targeted Programs by Business Demographic

  • Minority-owned business
  • Rural (underutilized zone or tier 1 county)
  • Veteran-owned business
  • Woman-owned business

Point of Contact

Elaine C. Fairman

Executive Director