NMSDC Business Consortium Fund Loan Program
Contract financing and term loans exclusively for NMSDC-certified Minority Business Enterprises through a CDFI lender.
About this program
The Business Consortium Fund (BCF) is the only U.S. CDFI dedicated exclusively to financing NMSDC-certified Minority Business Enterprises (MBEs). It provides direct loans, contract financing, lines of credit, and loan guarantees through its Loan Guaranty/Participation Program (LGPP) in partnership with participating banks. BCF's maximum exposure is $562,500 on a guaranteed loan or $75,000 on a loan participation. BCF also offers business advisory services to certified MBEs.
Eligibility
NMSDC-certified MBEs (at least 51% owned and controlled by African American, Hispanic American, Asian-Pacific American, Asian-Indian American, or Native American U.S. citizens or permanent residents).
Requirements
- Obtain NMSDC MBE certification through a regional council
- Submit a loan application to BCF or a participating lender
- Provide business and personal financial documentation