Loan Program FAQs: Application Process

As of August 22, 2022

1. Confirm that you own a MBE-certified business.

If you’re not MBE certified, you can apply for NMSDC certification here. You can also gather information about state MBE certification services by clicking here.

2. Specify the loan amount you seek.

$5,000 to $15,000

$15,001 to $75,000

$75,001 – $100,000

$100,001 – $1,125,000

Greater than $1.125MM

 3. Tell us how you will use the money.

Equipment Purchase

Information Technology Upgrades


Leasehold Improvements


Working Capital

Business Acquisition

Other uses acceptable to BCF (call or e-mail BCF for information)

4. Confirm that you and your business have:

No prior bankruptcies

For Loans, over $100,000, bankruptcies more than five years ago will be considered on a case-by-case basis.

No tax liens and/or judgments filed against you or your business in the last three years

No unresolved tax liens over $5,000

5. Supply the required documents.

Tax returns

Business bank statements

NMSDC or state MBE certification

Two forms of identification

Note: Other documents may be required

  • Be sure to allow pop-ups on your website browser while completing the initial application.
  • Upon submitting your loan application, you will see a Pop-Up window that provides a link to our loan portal – “Borrower’s View Central”.
  • You will have the opportunity to sign up for the portal using your email address as your access ID and set your unique password.
  • Once logged in to Borrower’s View Central, you will be able to:
    • View your application status
    • Upload required and requested documents
    • Send instant messages to BCF
    • Follow to an electronic loan closing.
  • If your loan is approved and closed, your loan portal remains active and transitions to loan servicing in which you will be able to view your loan balance, make additional principal payments, and view and download your monthly loan statements
  • You will receive an email confirming your application and reaffirming the documents required to be uploaded to the portal.
  •  Attached to the confirmation email will be a BCF Personal Financial Statement which will need to be completed, signed, and uploaded, for all loans over $15,000.

The Prequalification Questionnaire consists of a series of questions that help us determine which microloan program best suits your financial needs. Click here to review the questions from our prequalification questionnaire before you start the online process.  Once this is successfully completed, you will be invited to apply to our loan program.