BEFCOR is a nonprofit organization that promotes economic development by assistingsmall businesses. A US Small Business Administration certified development company(CDC) and Department of Treasury CDFI, BEFCOR is authorized to market, underwrite, close and service CDC/504 and CDFI loans and other programs that are consistent with the economic development purposes set forth in BEFCORs Articles of Incorporation, in North Carolina, and other areas as permitted by SBA, Department of Treasury or other sources.BEFCOR enables small business to purchase owner-occupied commercial realestate and other fixed assets that promote business expansion and job creation. CDFI programs permit more extensive uses of loans in an effort to assist rural, micro and small businesses.
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Oct 1, 2024 to Sep 30, 2025 | $4,049,362 ↑ | $3,713,914 | $5,866,144 |
| 2023 990 - Public charity return Oct 1, 2023 to Sep 30, 2024 | $3,684,649 ↓ | $3,151,547 | $5,530,696 |
| 2022 990 - Public charity return Oct 1, 2022 to Sep 30, 2023 | $3,841,989 ↑ | $2,618,652 | $4,997,594 |
| 2021 990 - Public charity return Oct 1, 2021 to Sep 30, 2022 | $2,675,636 ↑ | $2,291,757 | $3,774,257 |
| 2020 990 - Public charity return Oct 1, 2020 to Sep 30, 2021 | $2,336,502 ↑ | $1,884,129 | $3,390,378 |
| 2019 990 - Public charity return Oct 1, 2019 to Sep 30, 2020 | $1,948,174 ↑ | $1,806,761 | $2,938,005 |
| 2017 990 - Public charity return Oct 1, 2017 to Sep 30, 2018 | $1,629,611 | $1,568,420 | $2,643,900 |
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