The NYNJMSDC has partnered with several financial service organizations to provide our Council-Certified Suppliers with additional financing options for business growth. Please take a moment to review the multiple loan offerings and account receivable funding options that can help your business continue to grow.
BUSINESS CONSORTIUM FUNDThe Business Consortium Fund (“BCF”) is a non-profit 501( C ) 3 business development organization affiliated with the National Minority Supplier Development Council (“NMSDC”). The BCF is the only non-profit organization in the country focused exclusively on financing the growth and development of minority business enterprises that are suppliers to corporate America (“MBEs”). The BCF provides financing, business advisory services and educational programs to promote the growth in size (revenues) and operational capacity of MBEs. BCF funding is usually provided during the critical early growth stage of a MBE’s business development often providing the funding allowing the MBE to perform under their supplier contracts. The BCF will continuously improve and expand our programs, financing products and services in order to meet the needs of today’s MBEs. BCF financing products and business support services are available to companies: (1) certified as minority-owned or minority-controlled by the NMSDC or one of its affiliated Regional Councils and (2) acting as a vendor or supplier to a national or local NMSDC corporate member, (3) At least 3 years in operation.
LiftForwardLiftForward is a leading specially finance lender to small and medium size businesses across the United States. Since inception, LiftForward has funded thousands of businesses in over 50 industries including healthcare, manufacturing, business services, and education. Not only do we fund businesses with term loans up to $1 million, we provide equipment financing on everything from computers to tractors.
No other lender has the breadth and depth of knowledge of the financing needs of businesses. Our employees grew up financing businesses and from the moment we wake up, that is all we think about.
We have an easy process and can fund your loan as little as 2 days. Within alternative financing, we have some of the lowest rates available. If you own commercial real estate, we offer very special programs and can offer loan terms out to 48 months. Contact us today for a quote.
MBE CAPITAL PARTNERS
At MBE Capital Partners we provide receivables funding services for domestic and export receivables at lower than market rates; if you sell to other business on credit terms of 60 days or less you should talk to us about how we could work with your business. We also provide purchase order financing paired to our receivables facilities.
TRUFUND FINANCIAL SERVICES, INC. – NEW YORKTruFund provides financing and business services to small businesses that cannot access affordable financing through traditional sources such as banks. TruFund offers these financing and business services across a wide range of industries and business types. TruFund’s financing products support small businesses in underserved, low-to-moderate income communities, as well as businesses owned by underrepresented or disadvantaged groups such as women and minorities. With loans typically ranging from $50k to $250k, TruFund’s small business borrowers have used loans in many ways to help sustain and expand their businesses. Just a few examples include applying the funding for contract mobilization, working capital, inventory and equipment, business expansion, or improving leased or owned space.
For more detailed information on TruFund’s small business financing options, please click on that link below or visit www.trufund.org.