Our Impact Statement
The BCF’s first loan was in 1987 to a minority business enterprise, owned by a woman of color, in the amount of $220,000. It provided the Texas based firm with the working capital needed to fulfill a purchase order from a top Fortune 100 corporation at a time when financing was not available from other lenders. Today that firm is a highly successful $80+ million a year chemical distribution company serving major corporations.
Since its initial loan, 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.
The following figures show the BCF impact since its inception:
Ethnicity of Loans
Loans by Industry