Thank you for your interest in the NATIONAL BLACK BUSINESS SUPPORT CORPORATION (NBBSC) funding programs. We are a nonprofit corporation responsible for leading economic development efforts across minority communities. Our mission is to strengthen economies by increasing the number of minority-owned, small or otherwise disenfranchised businesses by providing access to capital and technical assistance. Through our relationship with funding partners, we are proud to offer several loan options to qualified clients.
Unsecured Business Line of Credit, $20,000 - $125,000
A great way to grow your business! Flexible - pay interest only on the funds you us. Will not hurt your personal credit. Introductory rates as low as 0%, standard rates as low as 8%. Use funds to start a new business, expand marketing to gain new clients, acquire new equipment or supplies, create new products or services...
Business Term Loan, $20,000 - $5,000,000
We help you get the loan you need to grow while protecting the overall well-being of your business and personal credit. Our partners work with over 100 lenders across the nation so we are sure to find the best rates for our customers. These loans, both traditional and SBA, have unbeatable rates starting at 6.0%! No personal collateral required. Term loans or lines of credit. Funds can be used to pay off high interest debt, expand your business, purchasing inventory, hiring or paying employees, launching a marketing campaign...
Merchant Cash Advance, $10,000 - $1,000,000
The "MCA" is the agreed upon purchase of future receivables in exchange fo ran immediate lump sum to your business. The lump sum funds must be used as working capital, and/or toward expenses related to the business. It is traditionally paid back in the form of daily or weekly ACH payments. No collateral is needed.
MCA Consolidation, $100,000 - $5,000,000
Overwhelmed with multiple business loans? This program will help you get back on track. Each lender you have an agreement with will be paid off, the amount will be consolidated. You will then have a single, more manageable payment, allowing you to regain revenue generation for your business. Collateral required. Rates starting at 12%.
Commercial Real Estate Loan, $100,000 - $5,000,000
Intererst-only options available to lower monthly payments. All property types considered. No personal credit requirements or use of funds restrictions.
Equipment Finance Loan, $5,000 to $5,000,000
We offer loans for equipment financing and leasing for startups and established businesses nationwide. We have a number of programs available. Funds can be used for furniture, fixtures, millwork, signage; computers, printers and POS systems; vehicles; kitchen and restaurant equipment; heavy machinery; spa, salon, manufacturing, medical equipment. This is a great way to build business credit while preserving working capital. NO large upfront costs and fixed monthly payments for better cash flow management.
The plans of the diligent lead to profit as surely as haste leads to poverty.
- Proverbs 21:5