GOV
Business Consortium Fund
The Business Consortium Fund provides contract financing to certified minority businesses through a network of local participating banks and National Minority Supplier Development Council affiliates.
The Business Consortium Fund, Inc. (BCF) is a minority business development fund created by the National Minority Supplier Development Council (NMSDC). The BCF provides contract financing to NMSDC-certified minority businesses in America, through a network of local participating banks and NMSDC affiliates.
Eligibility
LGPP loans are made by lenders subject to the BCF's guarantee or participation approval.
Benefits
- A wide range of debt financing products is available through the Guaranty/Loan Participation (LGPP) including contract/purchase financing, working capital, inventory, intermediate term, and equipment.
- The total amount of LGPP loan is determined by the participating lender and the BCF's maximum exposure may not exceed $75,000 in a participating loan or $562,500 on a guaranteed loan.
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