Small Business Loan Program
BCF provides debt financing through our direct lending program, with small business loans starting at $100,000 for an initial term of five years. Interest rates and other terms and conditions are set by us based on risk analysis and market interest rates. Debt financing offered by BCF is made in three general ways:
(1) senior term loans, (2) subordinated debt, and (3) lines of credit.
Loan Range: $100,001 - $1MM
Terms: Up to 5 years
Collateral: 1st Lien position on all business assets. A second position lien may be considered on a case-by-case basis. Outside collateral may be required.
Micro Loan Program
BCF deploys a variety of microloans ranging in size between $5,000 and $100,000 per borrower with interest rates as low as three percent. Qualified microloan recipients have up to five years to repay the funds. Once approved and funded, you can immediately start using the loan proceeds as intended.
Rates: 3%-10% fixed with monthly automatic payments via ACH**
All loans, regardless of dollar amount, may be utilized for:
- Working capital
- Upgrades to information technology
- Equipment purchases
- Business expansion and acquisition
- Payroll
- Inventory
- Leasehold improvements
- Relocation
- Other uses acceptable to BCF (call or email BCF for more information)
Joshua, Cut Buddy
During a time when banks were too afraid to give loans and a time when lenders were taking advantage of small businesses with crazy fees, Business Consortium Fund really stepped up to the plate. We developed a new product with the loan and presented it to major retailers. Walmart committed to carrying this exact product in 3,500 stores. The loan helped us develop a product that earned a contract that will give us the opportunity to grow by over 100% in 2022.
Over the many years of our loan life with BCF, we had some very serious difficulties to work through. It was tough. But BCF was a partner who stood by us and worked with us for solution after solution. Overall I think the key was open, clear, and honest communication. They always knew exactly what was going on with our business and we prided ourselves, if for nothing else, on being an open book. No hiding. No avoiding phone calls. No exaggerations. Just the plain truth of our problems. BCF extended us many courtesies you would not find in traditional banking. That's why I call them a "Friendly Lender."
Myles, 8 Myles
Leading into Q4 of 2021, 8 Myles had tripled its monthly recurring revenues (MRRs) compared to proper quarters. The loan we received from BCF was absolutely critical, as it allowed us to increase our marketing efforts with new partners such as Target and Giant. The loan also allowed us to hire additional team members to help facilitate our growth.
(212) 243-7360
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