Business Expansion Funding Corporation

What their website says about applying

• BEFCOR Loan Online Application source
• Prepare your documents – Have all necessary documents ready before starting the process. source
• If you would like to know if your business is eligible, call BEFCOR for details source

Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.

As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.

• Low or damaged credit considered prior credit challenges may be less of an issue and will not affect the interest rate source
• Collateral required Generally, the project assets being financed serve as collateral. source

Only rules the lender's own pages state. Other requirements may apply.

Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. The CDFI community development loan is described only by its amount range and general wording on the pages fetched. Terms change — confirm with the lender before applying.

Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.

1. Do you lend where I live, or where my business is?
   Their website does not say which area they serve.
2. How long can I take to repay?
   No repayment terms are stated on their website.
3. Do you offer free coaching or help preparing my application?
   CDFI certification requires development services, such as training or advice, alongside lending.
4. What documents will you need from me, and how long does a decision usually take?
   Their website describes some application steps (above); ask for the full document list.

Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.

End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 56-1434029, filed as “BUSINESS EXPANSION FUNDING CORP”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer

Filings over time

Total assets grew 68% from Sep 2021 to Sep 2023; notes and loans receivable rose 192%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).

For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.

The SBA's public loan data lists 375 SBA-backed approvals for Business Expansion Funding Corporation in fiscal years 2020–2026 (October 2019 to September 2026):

• 375 504 loans as the Certified Development Company (CDC): $420M in total (CDC (SBA-backed) portion approved), median $707,000

By fiscal year: FY2020 54 · FY2021 70 · FY2022 60 · FY2023 39 · FY2024 51 · FY2025 56 · FY2026 45.

How this lender was matched in the SBA files: SBA CDC ID 0188110: same name, state and city (SBA lists “Business Expansion Funding Corporation”).

Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. Business Expansion Funding Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files. For 504 projects, the CDC amount is the SBA-backed portion and the third-party lender amount is that lender's own first-lien loan.

Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.

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