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.
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.
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
~ Joshua, Cut Buddy
"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
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 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.
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 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.
Following are the minimum criteria for consideration when obtaining BCF financing:
The following are the minimum criteria for consideration for obtaining financing from us:
~ 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
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.
These rates are indicative only and may vary based on risk and market conditions at the time of the loan.
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.
These rates are indicative only and may vary based on risk and market conditions at the time of the loan.
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.
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.
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.
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.
~ 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