You are here: Business Consortium Fund Loan Guaranty Program
Business Consortium Fund Loan Guaranty Program
Loan Amount:
$0 to 1200000
Use of Funds:
Working Capital,Contract Financing,Factoring
Summary:
BCF loan programs and business support services are available only to ethnic minority-owned businesses certified by a National Minority Supplier Development Council (NMSDC) affiliated Regional Council that have a vendor or supplier relationship with a NMSDC Corporate member, or a Corporate member of an affiliated Regional Council.
If the answer is yes to each of the following questions a business is eligible for consideration for one or more of the BCF loan programs:
Is the business certified as minority owned by a NMSDC affiliated Regional Purchasing Council?
Is the loan for business purposes?
Does the business have contracts/purchase orders with or a meaningful supplier relationship with a NMSDC corporate member or a corporate member of a NMSDC affiliated Regional Purchasing Council?