Frequently Asked Questions About Our Loans

How does my company become NMSDC Certified?

Your business must be at least 51% minority owned by individuals who are U.S. citizens and are members of any of the following minority groups: Asian, Black, Hispanic or Native American.


A minority business is defined as a for-profit enterprise, regardless of size, or location in the United States or its territories that is majority owned, operated and controlled by minority group members.


Certification as an NMSDC member is conducted by an NMSDC affiliated regional council nearest the applicant’s headquarters.

Do I need a contract or purchase order from an NMSDC corporate member or a member of a NMSDC affiliated regional council?

No. All that is required is a relationship within the last 12 months with an NMSDC corporate member.

Do you have other types of financing if my business is not able to get a bank loan?

Yes, our mission is to provide access to capital for NMSDC certified businesses through our various loan programs.

Does BCF finance non-profit organizations and/or give grants?

No, we do not provide financing to non-profits or give grants.

How long will it take to get my loan approved?

Our decision to underwrite your loan is generally made within 10 to 15 business days after receiving all of the required documentation.

What information do I need to apply for a BCF loan?

At a minimum, you need to provide the lender with the following information when requesting a loan:


  • Purpose of the loan and the source of repayment
  • History of the business
  • Financial statements for the most recent three years
  • Schedule of any business debts
  • Aging of accounts receivables and payables
  • Projection of income, expenses and cash flow together with assumptions used
  • Signed personal and corporate income tax returns for the most recent three years

What interest rate do you charge?

Interest rates and other terms and conditions are set by us based on the risk analysis and market interest rates.

My firm requires a long-term loan. Can BCF help?

The initial term of any BCF loan may not exceed five years. However, we can consider applications for renewals. Additionally, longer term capital is provided through our affiliate, Triad Investments.