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.
The Business Consortium Fund, Inc. (BCF) is the non-profit financial services program of the National Minority Supplier Development Council (NMSDC). The BCF 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.
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).
Professional consulting services are provided through BCF Business and Financial Advisory Services, Inc., a wholly-owned subsidiary of the BCF.
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