Looking to grow your business?
Business Consortium Fund has a variety of business loan programs designed to do just that. As a qualified business owner of color, you can secure access to financial products tailored specifically to your business needs. With interest rates starting as low as 3%, our lending capital can help launch, grow, or expand your business, while closing our country's racial wealth gap.
We understand the challenges faced by businesses owned by people of color (POC). We strive daily to bridge the racial wealth gap. We are here to help.
***All MBEs are invited to apply ***
Pre-Qualify Your Business' Future
Looking to grow your business?
Business Consortium Fund has a variety of business loan programs designed to do just that. As a qualified business owner of color, you can secure access to financial products tailored specifically to your business needs. With interest rates starting as low as 3%, our lending capital can help launch, grow, or expand your business, while closing our country's racial wealth gap.
We understand the challenges faced by businesses owned by people of color (POC). We strive daily to bridge the racial wealth gap. We are here to help.
***All MBEs are invited to apply ***
Pre-Qualify Your Business' Future
Small Business Loan Program
BCF provides debt financing through our direct lending program with small 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
Rates:
- Term Loans: 8% - 10% may vary*
- LOC- Prime + 3% with a 6% floor and auto payment deduct. If the borrower does not elect to use auto payment deduct, 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.
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.
Small Business Loan Program
BCF provides debt financing through our direct lending program with small 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
Rates:
- Term Loans: 8% - 10% may vary*
- LOC- Prime + 3% with a 6% floor and auto payment deduct. If the borrower does not elect to use auto payment deduct, 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.
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.
Micro Loan Program
BCF deploys a variety of microloans ranging in size between $5,000 and $100,000 per borrower with interest rates as low as 3%. 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.
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.
Loan Range: $5,000 up to $100,000
Time in Business: At least two full years with filed tax returns including the most recent fiscal year.
Terms: 3-5 years dependent upon program.
Rates: 3%-10% fixed with monthly automatic payments via ACH**.
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 program.
Micro Loan Program
BCF deploys a variety of microloans ranging in size between $5,000 and $100,000 per borrower with interest rates as low as 3%. 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.
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.
Loan Range: $5,000 up to $100,000
Time in Business: At least two full years with filed tax returns including the most recent fiscal year.
Terms: 3-5 years dependent upon program.
Rates: 3%-10% fixed with monthly automatic payments via ACH**.
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 program.
All loans, regardless of dollar amount, may be utilized for:
- Digitization of materials
- Working capital
- Upgrades to information technology
- Equipment purchases
- Business expansion and acquisition
- Payroll
- Inventory
- Leasehold improvements
- Relocation
- Other uses acceptable to BCF (call or email BCF for more information)
(212) 243-7360
[email protected]
(212) 243-7360
[email protected]
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.