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.
No. All that is required is a relationship within the last 12 months with an NMSDC corporate member.
Yes, our mission is to provide access to capital for NMSDC certified businesses through our various loan programs.
No, we do not provide financing to non-profits or give grants.
At a minimum, you need to provide the lender with the following information when requesting a loan:
Interest rates and other terms and conditions are set by us based on the risk analysis and market interest rates.