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.
Information Technology Upgrades
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.
Business bank statements
NMSDC or state MBE certification
Two forms of identification
Note: Other documents may be required
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.