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BAC Funding Consortium, Inc.
BAC Funding Consortium, Inc.
Amount
Varies
Deadline
Rolling
Odds
Not published
Effort
1 to 2 hrs
Can you get this?
✓For African-American owned businesses
✓Must be located in South Florida
✓Low-income community businesses get extra programs
✓Franchisee financing requires 4 years experience
Your real odds
No public acceptance rate exists, and applications are accepted on a rolling basis year-round, so there is no single competitive cohort to beat.
BAC has operated since 1982 and offers multiple financing products, meaning deal flow is ongoing rather than concentrated in one cycle, and your odds shift depending on which product you apply for and the strength of your asset base.
What it takes
Review loan products to find the right fit1 to 2 hrs
Contact BAC to discuss eligibility and documents1 day
Submit application with financials and assets1 to 2 wks
Worth knowing
BAC also manages a physical office and incubator complex in northwest Miami-Dade with over 70 spaces for small businesses and startups, so it is worth asking about that directly when you apply for financing.
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