Funding Source: BCF Will Lend Up To $750K to Certified Minority Businesses
The Business Consortium Fund, Inc. (BCF) is a minority
business development company created by the National
Minority Supplier Development Council.
The BCF provides contract financing to NMSDC certified
minority businesses across America through a network
of local participating banks and NMSDC affiliates.
The BCF is funded through several sources including
corporations, state governments and foundations.
Purpose:
The Business Consortium Fund, Inc. (BCF) is the
non-profit financial services program that provides
access to capital exclusively to NMSDC certified
ethnic minority-owned businesses which have
supplier/vendor relationships with NMSDC national and
regional corporate members and are experiencing
difficulty obtaining financing though conventional
channels on reasonable terms. Specific contracts
and/or purchase orders are not required to obtain a
BCF loan.
BCF Loan Guaranty/Loan Participation Program (LGPP)
A wide range of debt financing products are available
though the BCF’s Loan Guaranty/Loan Participation
Program (LGPP) including contract/purchase order
financing, working capital, inventory, intermediate
term, and equipment loans. LGPP loans are made by
lenders subject to the BCF’s guarantee or
participation and final approval.
The total amount of a LGPP loan is determined by the
participating lender; however, the BCF’s maximum
exposure may not exceed $750,000 in a participation
loan, or $562,500 on a guaranteed loan.
Specialized Financing
The BCF also provides access to specialized loan
programs and products through strategic alliances with
other national financial services firms including
equipment leasing, commercial and government accounts
receivable, commercial real estate, and franchise
financing.
Long-Term Debt/Equity Financing
Long-term debt and equity type financing is available
through Triad Capital Corporation, the BCF’s
wholly-owned federally licensed Specialized Small
Business Investment Company (SSBIC).
For More Information:
Business Consortium Fund, Inc. (BCF)
305 Seventh Avenue, 20th Floor
New York, New York 10001
Telephone: (212) 243-7360
Fax: (212) 243-7647
www.bcfcapital.com

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