Impact Statement
 
 

 

The BCF's first loan was in 1987 to Cole Chemical in the amount of $220,000. It provided the Houston based firm with the necessary working capital to fulfill a purchase order from Amoco Corporation at a time when financing was not available from other lenders. Today Cole Chemical is a highly successful $50+ million a year chemical distribution company serving major corporations.

Since its initial loan to Cole Chemical, the BCF has been a source of capital for many other certified minority-owned firms having difficulty obtaining financing from conventional sources on reasonable terms. Whether its though a line of credit, contract financing, working capital loan, equipment financing, or an intermediate term loan, the BCF can assist with the financing needed to help facilitate transactions between minority suppliers and corporate America. Through its access to capital programs and business advisory services the BCF has contributed to the growth and development of minority-owned businesses and made a meaningful economic impact on the communities in which they reside.