An exceptional leader in the development of minority businesses, Henry Childs II is on the verge of leading BCF into a new chapter of success.

NEW YORK, February 16, 2021 / PRNewswire-PRWeb / – The NMSDC Business Consortium Fund (BCF), a community development finance institution (CDFI) designated by the U.S. Treasury and a national direct lender to certified minority-owned businesses, named Henry Childs II, Esq. as president, chief executive officer and president. BCF is the lender of choice for minority businesses (MBEs) certified by the National Minority Supplier Development Council. Mr. Childs brings a wealth of leadership experience and knowledge to the position of former National Director of the Minority Business Development Agency of the US Department of Commerce and Advisor to the Chairman of the National Minority Supplier Development Council. Childs joins BCF at a pivotal moment in the organization’s history as BCF focuses on accessing MBE capital.

BCF has granted over a thousand loans since its founding in 1987 and is on track to significantly increase its financial assistance this year. In december 2020, BCF announced a partnership with Retail Business Services, the services company of Ahold Delhaize United States. Retail business services donated $ 100,000 to BCF to be administered in the form of low-interest loans to NMSDC-certified minority-owned businesses, with a particular focus on black-owned businesses.

“I am delighted to join the BCF team and make sure that minority business owners know they have a financial ally committed to providing them with access to capital,” said the Chairman of the Board of administration, president and chief executive officer of BCF. Henry Childs II, Esq. “BCF and our partners bring a deep-rooted history in bridging the racial wealth gap, along with our mission and our money to the table as we provide MBEs with the flexible funding needed to be successful.”

As the COVID-19 pandemic continues to disproportionately strike minority communities and challenge minority-owned businesses, BCF is uniquely positioned to provide essential relief. Under Child’s leadership, BCF intends to revitalize its community development efforts, refine its fundraising goals and get to work helping the businesses that need their help the most – the certified businesses owned by minorities. BCF also offers financial advice, exclusive discounts on technological products and Paycheque Protection Program loans thanks to a partnership with the Première Rive du Lac.

During Childs’ tenure at MBDA, investments made it possible to $ 4.7 billion in financing and contracts for minority companies. Childs has also served as the head of the United States delegation to the Organization for Economic Co-operation and Development task force, as well as a policy advisor to the White House public affairs office. Throughout his career, Childs has prioritized the advancement of minority affairs above all else.

About BCF
The NMSDC Business Consortium Fund (BCF) is the most comprehensive financing and technical support organization in the United States, exclusively serving NMSDC certified companies, offering loan programs and advisory services. Since 1987, BCF has provided capital to NMSDC certified businesses that have been underserved by the lending community by enabling them to obtain the necessary financing on reasonable terms. Learn more about https://bcfcapital.com.

Media contact

Cheryl mccants, Impact Consulting Enterprises, 9733372028, [email protected]

Morgan ulrich, Impact Consulting Enterprises, 9733372028, [email protected]

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