National Minority Supplier Development Council Business Consortium Fund, Inc.

Term loans starting at $25,000; lines of credit starting at $100,000; amounts vary by business need

Rolling — applications accepted year-round

AMOUNT

Term loans starting at $25,000; lines of credit starting at $100,000; amounts vary by business need

AMOUNT

Term loans starting at $25,000; lines of credit starting at $100,000; amounts vary by business need

DEADLINE

Rolling — applications accepted year-round

DEADLINE

Rolling — applications accepted year-round

FUNDING TYPE

CDFI, Loan

CAN YOU GET THIS?

You need to be a small business with 1+ year in business, $100K+ gross annual revenue, a 600+ personal credit score, and at least one active or pending contract or purchase order.

BCF specializes in serving minority-owned businesses operating in corporate and government supply chains, particularly first-time and economically disadvantaged borrowers. There is no stated requirement to be minority-owned, but that is the organization's explicit focus.

YOUR REAL ODDS

No acceptance rate is published, but BCF is a CDFI specifically designed to lend where banks won't, so criteria are more accessible than traditional lenders.

Rolling submissions mean you can apply at any time. BCF explicitly serves first-time borrowers and economically disadvantaged businesses, suggesting a more flexible underwriting approach than conventional banks.

WHAT IT TAKES

Check minimum eligibility: credit score, revenue, time in business, and active contract — 1 hour
Gather pre-qualification documents: business tax returns, YTD income statement, balance sheet, and government-issued ID — 1–3 days
Submit online application (does not impact credit score) — 1–2 hours

WORTH KNOWING

BCF also offers a Loan Closing Cost Grant of up to $3,000 for business owners with incomes at or below 80% of the Area Median Income — worth checking alongside your loan application.

Apply on the funder’s site →

Community 1st Credit Union

Varies; loan terms depend on business type and credit profile.

Iowa-based small businesses and startups can apply for business loans through this CDFI credit union on a rolling basis.

Afena Federal Credit Union

Varies; personal and business loans from $200 up to undisclosed amounts depending on product.

Small businesses and startups in Indiana can access loans through this CDFI credit union, with no stated identity restrictions.

The Bridgeway Federal Credit Union

Varies; specific loan amounts not published.

Small businesses and startups in Alabama can apply for loans on a rolling basis through this CDFI credit union.

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