Fiscal year ending 2020. Filed on April 7, 2021.
5970 Fairview Road
Charlotte, North Carolina 28210
Business Expansion Funding Corp (EIN: 56-1434029) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Business Expansion Funding Corp, a 501(c)(3) charitable organization, reported compensation for 3 out of 21 total employees. Among the employees shown here, the average compensation is $131,775. The highest compensated employee at Business Expansion Funding Corp is Elaine Fairman with fiscal year 2020 compensation of $163,689.
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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, minority and under-served businesses.
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