Access to capital and financial resources is crucial for MBE growth. BCF offers Small Business Loans and Microloans to help diverse business owners reach their goals and close the racial wealth gap. Apply now and achieve success with our Loans for Tomorrow's Growth program. 

COMPLETE THIS SHORT FORM TO PRE-QUALIFY YOUR BUSINESS.

Fueling Tomorrow's Growth for MBEs

Interest rates as low as 3% for loans up to $15,000.

Access to capital and financial resources is crucial for MBE growth. BCF offers Small Business Loans and Microloans to help diverse business owners reach their goals and close the racial wealth gap. Apply now and achieve success with our Loans for Tomorrow's Growth program.             

Fueling Tomorrow's Growth for MBEs

Interest rates as low as 3%

for loans up to $15,000.

COMPLETE THIS SHORT FORM AND SEE IF YOUR BUSINESS PRE-QUALIFIES TODAY.

"BCF was a Godsend for us, and they’re a lifeline for a lot of diverse businesses. I know at least 10 to 15 business owners who have gotten loans from BCF. Ruben Rodriguez, BCF’s Senior Vice President and Chief Loan Officer, is the nicest man I’ve ever met. Planet Mogul trains students to be FUTURE READY – our future entrepreneurs, innovators, and community leaders. When we needed to develop and expand our program, the loan that we got from BCF helped us take Planet Mogul a very long way."

~ Rohena, Planet Mogul

          
"During a time when banks were too afraid to give loans and a time when lenders were taking advantage of small businesses with crazy fees, Business Consortium Fund really stepped up to the plate. We developed a new product with the loan and presented it to major retailers. Walmart committed to carrying this exact product in 3,500 stores. The loan helped us develop a product that earned a contract that will give us the opportunity to grow by over 100% in 2022."

~ Joshua, Cut Buddy

Client Testimonials


Client Testimonials

"BCF was a Godsend for us, and they’re a lifeline for a lot of diverse businesses. I know at least 10 to 15 business owners who have gotten loans from BCF. Ruben Rodriguez, BCF’s Senior Vice President and Chief Loan Officer, is the nicest man I’ve ever met. Planet Mogul trains students to be FUTURE READY – our future entrepreneurs, innovators, and community leaders. When we needed to develop and expand our program, the loan that we got from BCF helped us take Planet Mogul a very long way."

Rohena, Planet Mogul

"During a time when banks were too afraid to give loans and a time when lenders were taking advantage of small businesses with crazy fees, Business Consortium Fund really stepped up to the plate. We developed a new product with the loan and presented it to major retailers. Walmart committed to carrying this exact product in 3,500 stores. The loan helped us develop a product that earned a contract that will give us the opportunity to grow by over 100% in 2022."

Joshua, Cut Buddy

Competitive Loan Products and Services for MBEs

We provide access to capital and financial resources to help business owners of color grow and prosper. We offer innovative loan products and services that cater to the unique needs of business owners of color. With our Loans for Tomorrow’s Growth Program, we are here to help you reach your potential.

Business Loans

Micro Loans

Business loans support owners of color looking for capital to grow their companies. With this option, you can secure funding to expand your operations, hire new employees, and reach new heights. 

Micro loans meet the distinct needs of smaller MBEs. This option provides modest funding for growing or sustaining a business. Micro loans support owners seeking capital during unstable times.

Range: $100,000-$1M+

Range: $5,000-$100,000




Competitive Loan Products and Services for MBEs

We provide access to capital and financial resources to help business owners of color grow and prosper. We offer innovative loan products and services that cater to the unique needs of business owners of color. With our Loans for Tomorrow’s Growth Program, we are here to help you reach your potential.

Business Loans

Micro Loans

Business loans support owners of color looking for capital to grow their companies. With this option, you can secure funding to expand your operations, hire new employees, and reach new heights. 

Micro loans meet the distinct needs of smaller MBEs. This option provides modest funding for growing or sustaining a business. Micro loans support owners seeking capital during unstable times.

Range: $100,000-$1M+

Range: $5,000-$100,000

Following are the minimum criteria for consideration when obtaining BCF financing:


  • 2 years of business operations
  • a business relationship with at least one corporation
  • positive future business prospects
  • the capacity to repay the loan 
  • earnings and cash flow history
  • earnings and cash flow forecast
  • management experience
  • available collateral

Loan Eligibility

The following are the minimum criteria for consideration for obtaining financing from us:


  • 2 years of business operations
  • a business relationship with at least one corporation
  • positive future business prospects
  • the capacity to repay the loan 
  • earnings and cash flow history
  • earnings and cash flow forecast
  • management experience
  • available collateral

Loan Eligibility

~ Myles, 8 Myles

"Leading into Q4 of 2021, 8 Myles had tripled its monthly recurring revenues (MRRs) compared to proper quarters. The loan we received from BCF was absolutely critical, as it allowed us to increase our marketing efforts with new partners such as Target and Giant. The loan also allowed us to hire additional team members to help facilitate our growth."

~ Alli, Sweet Logic

"For quite a while, our online bakery had a goal of owning our own manufacturing facilities so that we could make our products ourselves. BCF gave us the opportunity to do this by providing a generous loan that we used to finance the majority of our equipment. And now that we have equipment, we’re able to generate a new revenue stream by manufacturing for others. The BCF team was really easy to work with and they gave us great terms on our loan. We’re actually hoping to work with them again as we expand our manufacturing line sometime in the future."

Client Testimonials

BCF provides debt financing through our direct lending program with business loans starting at $100,000 for an initial term of five years. Interest rates and other terms and conditions are set based on risk analysis and market interest rates. Debt financing offered by BCF is made in three general ways: (1) senior term loans, (2) subordinated debt, and (3) lines of credit.

Loan Range: $100,000 - $1MM+

Time in Business: A minimum of three (3) continuous years of business operations. If you are in business two (2) years, you may qualify for a loan up to $15,000.

Terms: Up to five (5) years

Collateral: First lien position on all business assets. A second position lien may be considered on a case-by-case basis. Outside collateral may be required.

  • Term Loans: 8% - 10% may vary*
  • LOC: Prime + 3% with a 6% floor and auto payment deduction. 
  • If the borrower does not elect to use auto payment deduction, the rate will be 2% higher.

These rates are indicative only and may vary based on risk and market conditions at the time of the loan.

RATES

Business Loans

BCF provides debt financing through our direct lending program with business loans starting at $100,000 for an initial term of five years. Interest rates and other terms and conditions are set based on risk analysis and market interest rates. Debt financing offered by BCF is made in three general ways: (1) senior term loans, (2) subordinated debt, and (3) lines of credit.

Loan Range: $100,000 - $1MM+

Time in Business: A minimum of three (3) continuous years of business operations. If you are in business for two (2) years, you may qualify for a loan up to $15,000.

Terms: Up to five (5) years

Collateral: First lien position on all business assets. A second position lien may be considered on a case-by-case basis. Outside collateral may be required.

  • Term Loans: 8% - 10% may vary*
  • LOC: Prime + 3% with a 6% floor and auto payment deduction. 
  • If the borrower does not elect to use auto payment deduction, the rate will be 2% higher.

These rates are indicative only and may vary based on risk and market conditions at the time of the loan.

RATES

Business Loans

BCF deploys a variety of micro loans ranging in size between $5,000 and $100,000 per borrower with interest rates as low as 3%. Qualified micro loan recipients have up to five years to repay the funds. Once approved and funded, you can immediately start using the loan proceeds as intended.

Loan Range: $5,000 up to $100,000

Time in Business: At least three full years for loans over $15,000, and two full years for loans up to $15,000 with filed tax returns including the most recent fiscal year. 

Terms: 3-5 years dependent upon the program. Longer amortizations up to 84 months may be considered on a case-by-case basis.

Collateral: Unsecured with a personal guarantee for loans up to $15,000. A lien position on all business assets shall be taken for all loans over $15,000, dependent upon the program.

           


  • 3%-10% fixed with monthly automatic payments via ACH**.

NOTE: Qualified microloan recipients have up to five years to repay the funds. Once approved and funded, you can immediately start using the loan proceeds as intended.

RATES

Micro Loans

BCF deploys a variety of micro loans ranging in size between $5,000 and $100,000 per borrower with interest rates as low as 3%. Qualified micro loan recipients have up to five years to repay the funds. Once approved and funded, you can immediately start using the loan proceeds as intended.

Loan Range: $5,000 up to $100,000

Time in Business: At least three full years for loans over $15,000, and two full years for loans up to $15,000 with filed tax returns including the most recent fiscal year.

Terms: 3-5 years dependent upon the program. Longer amortizations up to 84 months may be considered on a case-by-case basis.

Collateral: Unsecured with a personal guarantee for loans up to $15,000. A lien position on all business assets shall be taken for all loans over $15,000, dependent upon the program.


  • 3%-10% fixed with monthly automatic payments via ACH**.

NOTE: Qualified microloan recipients have up to five years to repay the funds. Once approved and funded, you can immediately start using the loan proceeds as intended.

RATES

Micro Loans

~ Jahelya, JoncoWest

           

“The experience we had with BCF was one of the best we’ve had with getting a loan from a company. Our cleaning company needed financial assistance because we were growing quickly and had to bulk up payroll. After speaking with a few loan companies who couldn’t even come close to approving the amount of financing we needed, we decided to connect with one that specifically worked with people of color. That’s how we found Business Consortium Fund (BCF). 


BCF was able to get us the line of credit that we needed to cover our 183% increase in payroll. It was definitely a learning experience working with BCF. They explained a lot to us and really took time to make sure that we fully understood the payback process. They treated us with respect and were extremely professional, getting us what we needed without a lot of extra stress. The line of credit we received from BCF helped us achieve our goals.”       

~ Tony, A. Anthony Corp

          
“Over the many years of our loan life with BCF, we had some very serious difficulties to work through. It was tough. But BCF was a partner who stood by us and worked with us for solution after solution. Overall I think the key was open, clear, and honest communication. They always knew exactly what was going on with our business and we prided ourselves, if for nothing else, on being an open book. No hiding. No avoiding phone calls. No exaggerations. Just the plain truth of our problems. BCF extended us many courtesies you would not find in traditional banking. That's why I call them a Friendly Lender.”

Client Testimonials


DISCLAIMER: All loans are made for the sole benefit of the Borrower and the Lender, and no other person or persons shall have any benefits, rights or remedies by reason of any actions taken by Borrower or the Lenders pursuant to this Loan. Neither Borrower nor any Lender shall be liable for any debts or claims accruing in favor of any such parties against any Borrower or others. The Lenders, by making the Loan or taking any action pursuant to any of the Loan Documents, shall not be deemed a partner or a joint venturer with any Borrower or any fiduciary of Borrower.