The Business Consortium Fund, Inc. (BCF) exists to empower entrepreneurs by advancing equitable capital access for business owners of color. We provide funding and advice to certified, minority-owned businesses operating in the supply chains of the nation’s largest corporations, as well as the supply chains of government organizations.
Our first loan was made in 1987 to a chemical distribution company, owned by a woman of color. That loan, for $200,000, was needed to finance a purchase order issued by a Fortune 100 company. At that time, the company was unable to procure financing from any other lender. The working capital loan made by BCF supported the company through fulfillment stage, and today the company has revenue in excess of $80 million a year.
We envision a thriving economy with equitable capital access for business owners of color, including eliminating the racial wealth gap.
Starting with that initial loan, BCF has provided capital to NMSDC certified businesses who have been underserved by the greater lending community by enabling them to obtain necessary financing on reasonable terms. Today, BCF is America’s most comprehensive financing and technical support organization exclusively serving businesses owned by people of color, providing loans programs and consulting services.
LOANS CREATED
$MILLION FINANCING PROVIDED
INC. $MILLION BANK PARTICIPATION
Business Consortium Fund, Inc. is a 501 (c)(3) certified, not-for-profit business development group designated by the United States Department of the Treasury as a Community Development Financial Institution (CDFI). Today, BCF is America’s most comprehensive financing and technical support organization exclusively serving businesses with supply-chain contracts. We offer loan programs and consulting services through our strategic partners, including the NMSDC network of 23 affiliated regional councils.