Charities United States International Business Expansion Funding Corp
Business Expansion Funding Corp logo

Business Expansion Funding Corp

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Charlotte, NC EIN 561434029 · IRS Sign up to see website
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89
Integrity Assessment
Strong transparency
89/100 · methodology

About Business Expansion Funding Corp

BEFCOR is a non-profit SBA 504 and CDFI lender helping NC small businesses obtain long-term, low-rate financing for commercial real estate, equipment, and growth.

Founded
Headquarters
Charlotte, NC
Foundation type
Supporting organization (509(a)(3))
IRS subsection
501(c)(03)
Ruling date
Size
medium

Verified certifications

Confirmed against the issuing authority - not self-reported.

IRS Tax-Deductible since 1988

Mission

See Schedule O

Focus areas & reach

· What they work on and where
🌍 International

How it stacks up against peers

· vs. 8 similar international in United States
Program spending This charity: 0%
Peer average: 0%
CEO comp as % of revenue This charity: 5.80%
Peer average: 0.48%
Integrity Assessment This charity: 89
Peer average: 89

Red flags

· All clear
IRS revocation history
OFAC / EU / UN sanctions
Open investigations
Governance scandals
Related-party deals
Excessive exec comp

Common questions

· Auto-generated from filings + methodology

Business Expansion Funding Corp is a registered international nonprofit based in Charlotte, NC, United States. It is registered with the Internal Revenue Service (IRS). It was founded in 1982 and has been operating for 44 years. Its EIN is 561434029. It has a GiveRadar Integrity Assessment of 89/100 (Strong transparency), indicating well-documented governance, financials, and contact details. The organization reports $4M in annual revenue. 47 officers and directors are publicly disclosed. No red flags have been detected. Recent news coverage is predominantly positive.

Business Expansion Funding Corp has a GiveRadar Integrity Assessment of 89/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 89 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. For comparison, the average integrity assessment for international charities in United States is 89/100.

Business Expansion Funding Corp is located in Charlotte, NC, United States. The organization was established in 1982 and has been active for 44 years.

Based on official tax filings, Business Expansion Funding Corp has $4M in annual revenue. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Business Expansion Funding Corp is classified as a International organization, registered in United States. It operates as a Supporting organization (509(a)(3)). By size, it is categorized as a medium organization. It has $4M in annual revenue. The organization has 47 disclosed officers and directors.

No red flags have been detected for Business Expansion Funding Corp. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

Business Expansion Funding Corp has a GiveRadar Integrity Assessment of 89/100 (Strong transparency) and no red flags have been detected, which suggests it is a well-documented organization. It is regulated by the IRS. Visit the Business Expansion Funding Corp profile on GiveRadar for full details before deciding. GiveRadar provides data for research purposes and does not endorse any organization. Always do your own due diligence.

BEFCOR is a non-profit SBA 504 and CDFI lender helping NC small businesses obtain long-term, low-rate financing for commercial real estate, equipment, and growth. Business Expansion Funding Corp is classified as a international organization registered in United States. The organization was founded in 1982.

Among international charities registered in United States: Business Expansion Funding Corp's GiveRadar Integrity Assessment of 89/100 is in line with the peer average of 89/100. Its annual revenue of $4M is comparable to the peer average of $5M.

Yes, donations to Business Expansion Funding Corp are generally tax-deductible in the United States. Business Expansion Funding Corp is a 501(c)(3) tax-exempt organization. Its EIN is 561434029, which you can use for tax filing purposes. Donors can typically deduct contributions on their federal income tax return if they itemize deductions. Consult a tax professional for guidance specific to your situation.

Verified against 5 official sources, last refreshed .

Annual revenue
$1M-$10M
0% to programs
Source: IRS 990 (FY2025) why this matters
Unlock exact figures

Filing history

6 years on file from IRS 990 (FY2025): revenue, expenses, program spending, assets, and liabilities by fiscal year.

Years on record: FY2025, FY2024, FY2023, FY2022, FY2021, FY2020.
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Taxes

Tax-deductibility for donors

Donations may be tax-deductible for residents of United States under local rules. Confirm with the charity directly.

Always confirm tax treatment with the charity directly or your tax advisor before donating.

Leadership

TI
Tim Key
Board Chair

Officers & trustees (16)

Source: Public filings

AB
Abbie B•••••
Board Chair
BR
Brian H••••
Treasurer
EL
Elaine F••••••
Executive Dir.
FE
Fernando Y••••
Director
GR
Greg S••••••
Busines Dev. Off.
JI
Jim M••••••••
Director
JO
Joe M•••••
Director
KE
Kelly L••••••••••••••••
Secretary
LO
Louis R••••• I••
Busines Dev. Off.
MA
Maggie B••••
Director
SH
Sheldon H••••••
Director
TA
Tamara B•••••
Director
TH
Thomas M•••••
Director
TI
Tim K••
Secretary
TO
Tom D••••
Director
TR
Tracie S••••
Director
Full names, contact details & compensation

Free with an account.

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Latest news

From global news sources

9 articles found

From global news sources

Sentiment

Positive

Activity timeline

Filings and press mentions, merged

Best Grants for Building: Renovation, Expansion, and Repairs - GrantWatch
May 2026
www.grantwatch.com
FCMB launches ₦10 million zero-interest loan for women entrepreneurs - crispng.com
May 2026
crispng.com
DEED awards $175,000 to Aircorps Aviation for business expansion - Bemidji Pioneer
Mar 2026
www.bemidjipioneer.com
BK Capital invests in Goodlife Health and Beauty to expand Rwanda’s largest pharmacy chain - innovation-village.com
Mar 2026
innovation-village.com
Your Business Could Be Missing Out on Grants You Qualify For - GrantWatch
Feb 2026
www.grantwatch.com
Form filed
$4.0M revenue
FY2025
IRS_990
BridgeCap Financial Launches Business Expansion Funding Program - Yahoo Finance
May 2025
finance.yahoo.com
Form filed
$3.7M revenue
FY2024
IRS_990
Form filed
$3.8M revenue
FY2023
IRS_990
SETU secures funding from HNIs - Express Pharma
Oct 2023
www.expresspharma.in
Sukino Healthcare Solutions raises Rs 50 crore in Series-A funding - expresshealthcare.in
Mar 2023
www.expresshealthcare.in
Athulya Senior Care raises Rs 77 crore for upcoming expansion plans - expresshealthcare.in
Jan 2023
www.expresshealthcare.in
Form filed
$2.7M revenue
FY2022
IRS_990
Form filed
$2.3M revenue
FY2021
IRS_990
Form filed
$1.9M revenue
FY2020
IRS_990

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Peer charities

Other international in United States, by integrity assessment

Charity Score Revenue Program %
Business Expansion Funding Corp This page 89 $4.0 million -
Princeton in Asia Inc 89 $2.0 million -
Junior Achievement Usa 89 $4.1 million -
Mercy Beyond Borders 89 $2.9 million -
International Union of Bricklayers and Allied Craftworkers 89 $2.6 million -
American Friends of Jamaica Inc 89 $2.9 million -
World Savvy Inc 89 $5.2 million -
The Anglican Relief and Development Fund 89 $3.6 million -
Firelight Foundation 89 $3.8 million -

Sources and verification

Refreshed

Registration and legal identity
Internal Revenue Service (IRS) - Tax Exempt Organization Search
Financial filings
IRS Form 990 filings - Fiscal year 2025 most recent on file.
Officers and trustees
Internal Revenue Service (IRS) - Tax Exempt Organization Search - 47 disclosed in the public registry.
News and media coverage
GDELT Project + Google News
Supplementary verification
Charity Navigator

Data freshness

Last updated
May 27, 2026
Profile completeness
100%

What we don't know

Honest gaps - our score reflects transparency, not impact

Programs & projects
No named programs listed by the charity
Operating reach
Countries where programs run not specified

Methodology

GiveRadar combines public registry filings, ProPublica Nonprofit Explorer, Charity Navigator, GuideStar, and news archives into a single 0-100 integrity assessment. We don't take a cut of any donation, ever.

Read full methodology

Quick facts about Business Expansion Funding Corp

What is Business Expansion Funding Corp?
Business Expansion Funding Corp is a international supporting organization (509(a)(3)) based in Charlotte, United States. BEFCOR is a non-profit SBA 504 and CDFI lender helping NC small businesses obtain long-term, low-rate financing for commercial real estate, equipment, and growth.
When was Business Expansion Funding Corp founded?
Business Expansion Funding Corp was founded in 1982.
Who leads Business Expansion Funding Corp?
Tim Key serves as Board Chair.
Where is Business Expansion Funding Corp located?
Headquartered in Charlotte, United States.
What is Business Expansion Funding Corp's annual budget?
Annual revenue for fiscal year 2025 is approximately $1M-$10M. 0% of expenses go to program services.
Is Business Expansion Funding Corp trustworthy?
Business Expansion Funding Corp has a GiveRadar Integrity Assessment of 89 out of 100 (Strong transparency). The score reflects public-data transparency: registration, financial disclosure, governance, contact details, and how recently data was refreshed. It does not measure program impact.
What is Business Expansion Funding Corp's registration number?
IRS EIN: 561434029.
What is Business Expansion Funding Corp's website?
http://www.befcor.com