This page contains lists of SBA 7(a) Lenders, 504 Certified Development Companies and SBA Microlenders. For more information about programs or to start the application process, please contact the lenders directly.
SBA's 7(a) Loan Guaranty Program serves as SBA’s primary business loan program to help qualified small businesses obtain financing when it is not available elsewhere. Loan proceeds can be used for most business purposes including working capital, equipment, furniture, land and building. Loan maturities are up to 10 years for working capital and up to 25 years for real estate. SBA’s 7(a) Loan Guaranty Program has a maximum loan amount of $5 million, with a maximum exposure of $3.75 million. Thus, if a business receives an SBA guaranteed loan for $2 million, the maximum SBA guaranty to the lender will be $1.5 million or 75%.
7(a) Lenders *SBAExpress **SBAExpress and Patriot Express # Preferred Lender
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*SBAExpress **SBAExpress and Patriot Express # Preferred Lender
SBA 504 Certified Development Company Program
The 504 Program provides small businesses long-term, fixed-rate financing for fixed assets: land, building, and equipment. The 504 finance package consists of two loans: one from a bank and the other from an SBA licensed Certified Development Company. A CDC is a nonprofit corporation set up to contribute to the economic development of its community or region. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. Each CDC is certified statewide, but it may cover a specific area.
Maximum loan size is $5 million ($5.5 million for manufacturing).
For more information visit www.sba.gov/504
Example Loan Structure for $2 Million Project
|
Bank Loan (1st Lien) |
$1,000,000 |
50% |
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SBA/CDC (2nd Lien) |
$800,000 |
40% |
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Borrower |
$200,000 |
10% |
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Total Project |
$2,000,000 |
100% |
SBA Certified Devlopment Companies in North Carolina
Avista Business Development Corp.
Statewide, Focus on: Buncombe County
CDC#: 04-247 - 07/12/82
Robert C. Kendrick
bob.kendrick@avistabdc.com
PO Box 7032
Asheville NC 28802
828-645-0439
www.avistabdc.com
Business Expansion Funding Corp. (BEFCOR)
NC Statewide and SC counties Lancaster, York, Chester and Chesterfield
CDC#: 04-302 - 10/08/82
www.befcor.com
BEFCOR Charlotte/Upstate SC Area:
5970 Fairview Rd.
Suite 218
Charlotte NC 28210
(704) 442-8145
(877) 504-6045
jmoody@befcor.com
BEFCOR Raleigh/Triangle Area:
414 W. Third Street
PO Box 1009
Wendell, NC 27591
(919) 366-6441
lrogers@befcor.com
Centralina Development Corp., Inc.
Statewide
CDC-#: 04-243 - 06/16/82
Richard Vitolo, Executive Director
rvitolo@cdccapital.com
1300 Baxter St.
Charlotte NC 28204
PO Box 34218
Charlotte NC 28234
704-373-1233
www.centralinacapital.com
Neuse River Development Authority, Inc.
Statewide, Focus: East of I-95
CDC#: 04-242- 06/16/82
Guy P. Williams, President
gwilliams@nrda.org 233 Middle St., Suite 206
PO Box 1111
New Bern NC 28563
252-638-6724
www.nrda.org
Piedmont Triad Regional Development Corp.
Statewide, Focus: Piedmont Triad Region - Alamance, Caswell, Davie, Forsyth, Guilford, Montgomery, Randolph, Rockingham, Surry, Stokes, and Yadkin
CDC#: 04-538 - 08/01/84
Charles Malone, Economic Development Administrator
cmalone@ptrc.org
400 W Fourth St.
Suite 400
Winston-Salem NC 27101
336-761-2111 x 3158
www.ptrc.org
Region D Development Corp., Inc.
Statewide, Focus on: Alleghany, Ashe, Avery, Mitchell, Watauga, Wilkes, and Yancey
CDC#: 04-670 - 07/09/02
Phil Trew, Director, Planning & Development
ptrew@regiond.org
Executive Arts Building
Furman Road
Boone NC 28607
PO Box 1820
Boone NC 28607
828-265-5434 x125
www.regiond.org
Western Piedmont Council of Governments
Region E Development Corp.
Statewide, Focus on: Alexander, Burke, Caldwell & Catawba
CDC#: 04-317 - 12/01/82
James E. Chandler, Loan Specialist
jim.chandler@wpcog.org
736 Fourth St., SW
Hickory NC 28602
828-485-4215
www.redc.org
Self-Help Ventures Fund
Statewide (see regional offices below)
CDC#: 04-645 - 09/14/93
Charlie Cleary, Director of SBA 504 Lending
charlie.cleary@self-help.org
301 W Main St
PO Box 3619
Durham NC 27701
919-956-4629
www.self-help.org/504loans
Self-Help Northeastern Region:
301 W. Evans St, Ste 306
Greenville NC 27858
800-893-9669
252-752-8666 x2201
adelcio.lugo@self-help.org
Self-Help Triad Region:
122 N. Elm St, Suite 1015
Greensboro NC 27401
800-269-7426
dale.harrold@self-help.org
500 West Fourth St.
Suite 200-B
Winston-Salem, NC 27101
800-269-7426
dale.harrold@self-help.org
Self-Help Charlotte Region:
926 Elizabeth Ave., Ste 302
Charlotte NC 28204
800-394-7428
dale.harrold@self-help.org
paul.frost@self-help.org
Self-Help Western Region:
34 Wall St., Suite 704
Asheville NC 28801
800-229-7428
828-253-5251
tom.byers@self-help.org
Self-Help Southeastern Region:
1109 New Pointe Blvd.
Suite 4
Leland NC 28451
910-371-2034 x3122
kenneth.jernigan@self-help.org
Smoky Mountain Development Corp.
Statewide, Focus on: Cherokee, Clay, Graham, Haywood, Henderson, Jackson, Macon, Madison, Swain and Transylvania
CDC#: 04-602 - 05/27/87
Allen Steinberg, Executive Director
arsteinberg@msn.com
44 Industrial Park Dr.
Waynesville, NC 28786
828-452-1967
www.smdcnc.org
Wilmington Business Development, Inc.
Statewide, Focus on: Eastern and Southeastern NC
CDC#: 04-069 - 05/21/81
Susie Parker, Manager
sparker@wilmbusdev.com
1719 Hewlett Dr.
Wilmington, NC 28405
PO Box 1698
Wilmington, NC 28402
910-763-8414
www.wilmingtonbusinessdevelopment.com
SBA Microlenders in North Carolina
The Microloan program provides small loans ranging from under $500 to $50,000. Under this program, the SBA makes funds available to nonprofit intermediaries that, in turn, make the small loans directly to entrepreneurs, including veterans. Proceeds can be used for typical business purposes such as working capital, or the purchase of furniture, fixtures, machinery, supplies, equipment, and inventory. Microloans may not be used for the purchase of real estate. Interest rates are negotiated between the borrower and the intermediary. The maximum term for a microloan is 7 years. For more information, go to www.sba.gov/microloans
W.A.M.Y. Community Action Inc.
225 Birch St., Ste. 2
Boone, NC 28607
P: 828-264-2421
F: 828-264-0952
Area: Avery, Mitchell, Watauga and Yancey counties
wamyloan@charter.net
Self-Help
301 W. Main St.
Durham, NC 27701
F:800-476-7428
F: 919-956-4600
Area: Statewide
www.self-help.org
Mountain BizCapital
153 South Lexington Ave.
Asheville, NC 28801
P: 828-253-2834
F: 828-255-7953
Area: Western North Carolina
www.mountainbizworks.org
SBA Intermediary Lending Pilot in North Carolina - The Support Center
The Small Business Jobs Act of 2010 established a three year pilot program to provide direct loans to eligible non-profit intermediaries for the purpose of making small business loans of up to $200,000. These experienced intermediaries assist small business concerns in areas suffering from a lack of credit due to poor economic conditions or changes in the financial market. SBA’s Intermediary Lending Pilot (ILP) Program aims to help business owners start and grow successful enterprises.
The North Carolina Intermediary, The Support Center, partners with Community Development Credit Unions (CDCUs) and community-based organizations to provide small business loans through the ILP program. For more information contact:
The Support Center
3120 Highwoods Blvd.
Suite 350
Raleigh, NC 27604
919-803-1437
Vicki Lee Parker
vparker@thesupportcenter-nc.org
SBA Community Advantage in North Carolina - Mountain Biz Capital
Community Advantage is a pilot initiative aimed at increasing the number of SBA 7(a) lenders who reach underserved communities, targeting community-based, mission-focused financial institutions which were previously not able to offer SBA loans.
Maximum Loan Size: $250,000
Guarantee: 85 percent for loans up to $150,000 and 75 percent for those greater than $150,000.
Approval Times: Most Community Advantage loans will be approved within 5 to 10 days.Paperwork: Community Advantage features streamlined paperwork, with a two-page application for borrowers.
Mountain BizCapital
153 South Lexington Ave.
Asheville, NC 28801
P: 828-253-2834
F: 828-255-7953
Area: Western North Carolina
www.mountainbizworks.org
