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?
Click here to download the BCF Application. Completed Applications should be submitted to:
Business Consortium Fund, Inc.
305 Seventh Avenue, 20th Floor
New York, NY 10001
Please contact the BCF if you have any questions regarding the Application at firstname.lastname@example.org or at (212) 243-7360.
The NMSDC has established standardized procedures to assure consistent and identical review and certification of minority-owned businesses. Certification is made by the NMSDC affiliated Regional Council nearest to the applicant's headquarters.
A minority-owned business is defined as a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, that is owned, operated and controlled by minority group members. Minority group members are U.S. citizens who are Asian, Black, Hispanic or Native American.
Minority ownership means the business is at least 51% owned by an individual(s) from one of the above minority groups. In the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals; and management and daily operations are controlled by those minority group members.
Minority business owners should contact the nearest NMSDC affiliated Regional Council to obtain certification as a minority-owned business.