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Elaine Fairman
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Treasurer, At-Large Director

Business Expansion Funding Corporation

Director:  At-Large
Election Year: 2019
Term Expiration: 2021


Elaine became BEFCOR’s leader 7 years ago after spending the prior 25 years in SBA 504 lending.   She previously worked with two other CDCs in the Carolinas – a smaller, multi-county COG-affiliated CDC and a much larger CDC with affiliates. Elaine’s direct 504 experience spans executive management, marketing, packaging, underwriting, closing and servicing in 504 loans. Elaine has also worked with other economic development loan programs, including SBA 7a, USDA’s Intermediary Relending Program, EDA Revolving Loan Fund, a privately-funded micro lending program and more.  She is passionate about helping emerging and expanding companies obtain 504 loans and find resources for financing.
Elaine has been BEFCOR’s Executive Director for 7 years, and has enjoyed her two years serving on the NADCO Board, with the last year on the NADCO Executive Committee and as NADCO’s Treasurer. 

Elaine is a graduate of Coastal Carolina University and received an MBA from Winthrop University.

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ADDRESS: 1725 DeSales Street NW, Suite 613 | Washington, DC 20036

PHONE: (202) 349-0070
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