Business Consortium Fund Achieves Approval As A Participating Financial Institution Program Member


Congratulations to Winston Smith, President & CEO and Ruben Rodriguez, SVP & CLO and the entire team at National Minority Supplier Development Council Business Consortium Fund, a not-for-profit 501(c)(3) U.S. Treasury CDFI organization based in NY having achieved approval by the California Infrastructure & Economic Development (“IBank”) as a member institution and whereas, the fund is able to leverage California’s capital access programs to expand its direct lending efforts to small businesses throughout CA. NMSDC Business Consortium Fund was established 31 years ago and is a national direct lender to small businesses particularly, certified minority-owned businesses who are part of the supply chain feeding the nation’s top corporations. The IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities #banking #smallbusiness #sbdoc