The Business Consortium Fund (BCF) stands as a powerful testament to what visionary leadership and community-driven finance can achieve.
Originally founded in 1987 as an initiative of NMSDC, BCF was created to address a critical gap in access to capital for Minority Business Enterprises (MBEs).
Over the decades, BCF has grown into an independent, nationally recognized Community Development Financial Institution (CDFI), dedicated to supporting the growth and sustainability of all small businesses across the country.
“The Business Consortium Fund continues to be a vital resource for supporting the growth of small businesses. Its dedication to providing access to capital and technical assistance plays a key role in strengthening the broader economy,” said NMSDC Interim President and CEO Don Cravins, Jr.
BCF’s impact is undeniable. With over $215 million in financing distributed and more than 7,000 jobs created, the fund has played a pivotal role in strengthening inclusive supply chains and fostering generational wealth for small businesses across our country.
Its evolution from a program within NMSDC to a fully independent nonprofit reflects the strength of its vision and the trust it has earned across the financial and business landscape. Today, BCF continues to build on its legacy with support from major financial institutions and philanthropic partners, expanding its reach and deepening its impact.
While BCF now operates independently, NMSDC proudly recognizes its historical connection and values the longstanding partnership that helped establish this important organization. The shared dedication to supporting entrepreneurship remains strong, and BCF’s efforts continue to complement NMSDC’s broader mission.
Together, we honor the past and look ahead to a future where access to capital supports opportunity, growth, and lasting impact.
For those interested in learning more about BCF’s offerings and its role in supporting small businesses, we invite you to explore its story and services at bcfcapital.com.
