National Minority Supplier Development Council Business Consortium Fund, Inc.
Capitalizing Minority Enterprise
Programs and results
What we aim to solve
We aim to address the problem of the lack of capital, technical assistance, and capacity building tools for minority business enterprises that have opportunities with large corporations and government agencies. Oftentimes, even with contracts in hand, minority business enterprises (MBEs) are unable to obtain capital from traditional sources, namely, commercial banks. As a CDFI (Community Development Financial Institution), we provide loan programs through an alternative lending, impact financing platform to address the access to capital problem for minority businesses.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
BCF Direct Loan Program
The BCF Direct Loan Program (“DLP”) assists MBEs in obtaining financing including: lines of credit, contract financing, intermediate term loans, working capital loans and equipment financing. The loan is processed and approved in-house.
Where we work
External reviews

Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our goal is to raise lending capital so that, through loans and technical assistance to MBEs, we can facilitate, at a minimum, MBEs (minority business enterprises) achieving entrepreneurial parity. "Entrepreneurial parity is defined as reaching proportionality between the minority population percentage and the percentage share of business development measures such as number of firms, gross receipts, and employment." (mbda.gov) (See the following for a deeper understanding of the benefits of achieving entrepreneurial parity: https://www.mbda.gov/page/executive-summary-disparities-capital-access-between-minority-and-non-minority-businesses.) Generally, however, if there was entrepreneurial parity in 2002, then MBEs would have generated $2.5 trillion in gross receipts, rather than $661 billion; and, MBEs would have employed 16.1 million persons, rather than 4.7 million persons. We are aiming to facilitate the achievement of entrepreneurial parity, and the associated minority wealth creation, minority job-creation, and minority community job-growth.
What are the organization's key strategies for making this happen?
Our strategy is multi-fold:
(1) Cultivate and nurture relationships with sources of operating and lending capital including: commercial banks, corporate and private foundations, insurance companies, family offices, high net worth individuals, and other entities that can provide capital for our mission.
(2) Raise and deploy $20-30 million in lending capital annually as we manage towards self-sufficiency through net interest margin.
(3) Collaborate with other lenders and sources of private equity, to facilitate larger capital flows into minority businesses.
(4) Establish, deliver, and facilitate the establishment and delivery of venues via which technical assistance can be provided to minority business owners and executives so that capacity building can be enabled.
What are the organization's capabilities for doing this?
We have been lending to MBEs (minority business enterprises) certified by the regional councils of the National Minority Supplier Development Council (NMSDC) since 1987, throughout the United States. We know how to make good loans in this space. We have an active board of directors, executive committee, board committees, management structure and operating infrastructure to make loans to MBEs. And, we are re-developing our technical assistance delivery infrastructure. Further, we are closely aligned with each of the 23 regional councils of the NMSDC, and as a result, we have a national footprint. Additionally, we have recently upgraded our IT infrastructure to more efficiently and effectively deploy our capital. Finally, we are expanding our collaborations with other lenders and working with large national banks to increase our capital base to expand our lending.
What have they accomplished so far and what's next?
Our first loan was to a woman of color business owner in Houston, TX. Since 1987, we have facilitated more than $215 million of loans, to more than 800 minority businesses, and our loans have created more than 7,300 jobs.
We are currently raising capital to serve a minimum of 140 new entrepreneurs of color over the next three years. BCF is undertaking efforts to recapitalize, revitalize, and continue to serve as the bridge between MBEs and the U.S. corporations that can provide meaningful supplier contracts that result in wealth creation for entrepreneurs of color. Part of this plan is to put Business Consortium Fund on a path toward self-sufficiency as we grow our net assets through increased net interest margin.
In November 2021, with support from a new national bank partner, we launched a new microloan program. We expect to originate at least 100 microloans over the next six months, and this flexible capital will lower barriers of entry to entrepreneurs of color seeking to establish and grow their businesses.
Financials
Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more
about GuideStar Pro.
Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.
National Minority Supplier Development Council Business Consortium Fund, Inc.
Board of directorsas of 08/31/2022
Ms. Kris Oswold
UPS
Term: 2021 - 2022
John S. Adams
Retired, PepsiCo, Inc.
Jeffrey B. Underweiser
Underweiser and Underweiser
Stacey J. Key
Georgia Minority Supplier Development Council, Inc.
Fernando Hernandez
The Coca-Cola Company
Clifford A. Bailey
TechSoft Systems
Ying McGuire
National Minority Supplier Development Council
Nancy McGuire
IBM Corporation
Clifford A. Bailey
TechSoft Systems
Thomas C. Fitzgerald
T. Fitzgerald & Associates
Johanne Chan
Engine No. 1
LaShonda Fuselier
Wells Fargo Corp. & Investment Banking
Kala Gibson
Fifth Third Bank
Tameka Porte
Capital Impact Partners
Jennifer Powers
UPS
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 08/04/2022GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.