named programs · 3 · from sources
What they call their work
Business Line of Credit
Variable-rate credit line allowing borrowers to draw funds as needed, paying interest only on amounts used, ideal for short-term needs like inventory or payroll
Business Term Loan
Fixed-rate loan product offering predictable monthly payments for long-term projects, equipment purchases, or technology upgrades
Supplier Finance Institute
Program led by the Chief Programs Officer to expand capital access for economically disadvantaged entrepreneurs and those in designated investment areas, supporting supply chain contract fulfillment and job creation
activities · 4 groups
What they do
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Small Business Technical Assistance 1 activity
- Delivering financial literacy and capacity-building programs for diverse entrepreneursLeads initiatives such as the Supplier Capital Readiness Program, which offers free targeted training, personalized guidance, and resource access to improve capital access readiness. Provides financial education assistance on financial literacy, loan application packaging, and credit access to help underserved and diverse-owned businesses grow revenue and create jobs.
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Interest-Free Loan and Grant Support 1 activity
- Funding access to capital for certified minority business entrepreneursProvides access to capital for NMSDC Council certified minority business entrepreneurs who face barriers to traditional financing, including through term loans, lines of credit, and closing cost assistance funded via partnerships with philanthropic foundations. The organization also finances certification fees for eligible small businesses through a sponsorship program with U.S. Bank.
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Small Business and Nonprofit Lending 1 activity
- Providing term loans and lines of credit to minority-owned businessesOffers business term loans ranging from $25,000 to $350,000 for new borrowers, with existing clients eligible for loans up to $1,000,000; also provides renewable lines of credit from $100,000 to $350,000, with funds available up to 85% of eligible receivables and interest charged only on amounts drawn. These financial products are used for working capital, inventory, equipment, technology upgrades, leasehold improvements, and refinancing high-cost debt.
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Uncategorized 1 activity
- Developing impact reporting framework to measure economic outcomesDeveloping an impact reporting framework to track how access to capital drives measurable outcomes such as revenue growth, job creation, and broader economic development among minority-owned businesses.
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financials · form 990 · fy2024
revenue
Total revenue$2.48M
Contributions & grants$1.66M67%
Program service revenue$641K26%
Investment income$177K7%
Other revenue$0
expenses
Total expenses$2.54M
Program expenses72%
Admin / overhead20%
Fundraising8%
Salaries & benefits$1.44M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$9.65M
Cash$4.18M
Investments$732K
Liabilities$5.96M
Net assets$3.69M
Liquid reserves23.2 mo
3 years on record · 2020–2024 · YoY revenue +22.7%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| SAHRA HALPERN | PRESIDENT | 40 | $357K |
| RUBEN RODRIGUEZ | VP, CHIEF LENDING OFFICER | 40 | $172K |
| SOCORRO T VALLEJO | VP/CONTROLLER | 40 | $164K |
| CAMELLIA LOOJUNE | DIRECTOR, SMALL BUSINESS LENDING | 40 | $153K |
| JEFFREY UNDERWEISER | SECRETARY | 2 | $61K |
board members · 14
- BRIAN MADDOX — DIRECTOR
- CLIFFORD BAILEY — VICE CHAIR
- HEATHER HERNDON-WRIGHT — DIRECTOR
- JOHANNE CHAN — DIRECTOR
- JOHN S ADAMS — DIRECTOR
- KALA GIBSON — DIRECTOR
- MICHELLE ROBINSON — DIRECTOR
- NATALIE MCGRADY — CHAIRPERSON
- SANDRA NIELSEN — DIRECTOR
- TAMEKA PORTE — DIRECTOR
- TERRENCE CLARK — DIRECTOR
- THOMAS C FITZGERALD — DIRECTOR
- TODD BRANTLEY — DIRECTOR
- YING MCGUIRE — DIRECTOR
relationships · 27
Who they work with
- Ally Bank Partner — Sr. Director CRA, Sr. Credit Manager at Ally Bank serves as Board Director of the Business Consortium Fund
- Avaloq Americas Partner — Head of Marketing at Avaloq Americas serves as Board Director of the Business Consortium Fund
- BCF Partner — Partner organization offering the Supplier Capital Readiness Program to support diverse entrepreneurs in accessing capital.
- Capital Impact Partners Partner — CEO previously led structured fund development and lending strategy at Capital Impact Partners.
- Cargill, Inc. Partner — Global Supplier Diversity Lead at Cargill, Inc. serves as Board Director of the Business Consortium Fund
- DivCap Advisory Group Partner — Founder & Principal of DivCap Advisory Group serves as Board Vice Chair & Director of the Business Consortium Fund
- Fifth Third Bank Partner — SVP, Group Head of Community Development at Fifth Third Bank serves as Board Director of the Business Consortium Fund
- JP Morgan Chase Bank Partner — Executive Director of JP Morgan Chase Bank serves as Board Director of the Business Consortium Fund
- Michigan Minority Supplier Development Council Partner — President and CEO of Michigan Minority Supplier Development Council serves as Board Director of the Business Consortium Fund
- NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL Network — BCF is affiliated with the National Minority Supplier Development Council to support minority-owned businesses.
- NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL Network — BCF is associated with the National Minority Supplier Development Council, serving certified minority-owned businesses within its ecosystem.
- NMSDC Council Network — Provides capital to certified minority businesses affiliated with the NMSDC Council.
- National Minority Supplier Development Council Network — Works with NMSDC as part of its national certification network to support minority business enterprise certification.
- National Minority Supplier Development Council Partner — Collaborates with BCF to engage entrepreneurs and provide information on financing options.
- New York/New Jersey Minority Supplier Development Council Partner — President and CEO of New York/New Jersey Minority Supplier Development Council serves as Board Director of the Business Consortium Fund
- Nonprofit Finance Fund Partner — Senior VP of Operations previously led Portfolio Management team and West Coast Loan Origination team at Nonprofit Finance Fund.
- Reading Partners Partner — Vice President of National Philanthropy at Reading Partners serves as Board Director of the Business Consortium Fund
- Sweet Logic Partner — Small business recipient of BCF financing for equipment and product development.
- TechSoft Systems Partner — President and CEO of TechSoft Systems serves as Board Director of the Business Consortium Fund
- Triad Investments, LP Partner — BCF staff previously oversaw loan operations for both BCF and Triad Investments, LP.
- U.S. Bancorp Impact Partner — SVP, Director of Deposit & Payment Solutions at U.S. Bancorp Impact serves as Board Treasurer & Director of the Business Consortium Fund
- U.S. Bank Partner — Partners with U.S. Bank to sponsor certification fees and provide technical support to small businesses seeking certification.
- Underweiser & Underweiser Partner — Counselor at Law from Underweiser & Underweiser serves as Board Secretary & Director of the Business Consortium Fund
- Verizon Partner — Director, Small Business Supplier Accelerator at Verizon serves as Board Director of the Business Consortium Fund
- Vistra Corporation Partner — Board member from Vistra Corporation serves as Board Chair & Director of the Business Consortium Fund
- major funders Funder — Works with major funders to support program development and innovation for small and medium enterprises.
- on-the-ground regional and national partners Partner — Collaborates with regional and national partners to develop and deliver programs for disadvantaged business owners.
strategies · 3
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Expanded Capital Access Through De-Risked Lendingmethodology: risk-sharing_partnershipsBy partnering with private funders to share financial risk and using holistic underwriting that considers non-traditional indicators like management experience and market potential, the organization enables lending to minority-owned businesses excluded from traditional finance — increasing loan approvals and capital access for high-potential, under-resourced entrepreneurs because shared risk and broader assessment criteria reduce barriers to creditworthiness.
- Integrated Capital and Capacity Building Modelmethodology: integrated_support_modelBy combining flexible financing — such as working capital lines, fixed-term loans, and debt consolidation — with advisory support and business readiness training, the organization increases the likelihood of business growth and sustainability because financial products are paired with knowledge, networks, and strategic guidance that address both capital and capability gaps.
- Market Access via Certification and Supply Chain Alignmentmethodology: supplier-diversity_alignmentBy leveraging third-party certification and aligning with corporate supplier diversity programs, the organization creates procurement pathways for minority-owned businesses because formal recognition and institutional demand reduce market entry barriers and enable integration into high-value supply chains.