BWC Economic Development Infrastructure Fund (EDIF)
Submission Deadline09/30/2020

About BWC Capital

BWC Capital, LLC is a private equity firm headquartered in North Carolina. In operation since 2013, BWC Capital was formed to address opportunities outside the scope of BWC Consulting, a boutique strategy and financial advisory consulting firm in existence since 2005, and in response to the insatiable demand and widening gap for access to capital by emerging- and growth-oriented businesses. To learn more about BWC Capital visit


BWC+invest is a zero-percent interest loan program funded through the BWC Economic Development Infrastructure Fund (EDIF). The program is designed to provide a minimum of $10,000 to businesses of color with at least one year of operation, more than two full-time equivalent (FTEs) employees and an established track record for producing enough cash flow to support loan repayment within a three-year period or to meet the requirements of the up to 50% loan forgiveness guidelines.

Created by BWC Capital, this program is established to help businesses of color that have been: 1) forced to temporarily close or reduce business activity due to the COVID-19 pandemic and/or 2) physically damaged or suffered stagnant business operations due to the economic harm caused by the civil unrest across the country amid continued racial inequity.

Unlike most bank loans or grants, the BWC+invest is a patient capital program where BWC Capital will make a financial investment in businesses of color with no immediate repayment as we want to give the enterprise time to stabilize hence the three years of patient capital.

 We do have an expectation of positive cashflow – I just don’t think it is responsible to say no expectation of turning a profit – this is a time for good business practices J


** Application review will start on July 1, 2020 **


Applicants must have:

At least one year of operations
More than two full-time employees
An established track record for producing enough cash flow to support loan repayment within a three-year period or meet the up to 50% loan forgiveness guidelines

Priority focus:

  • Black-owned and led established businesses with a focus on small and emerging businesses
  • Growth-oriented businesses with potential to create more jobs/employment opportunities for communities of color
  • Select focus on start-ups that offer value-add product(s) and/or service(s) that addresses pain points and better serve communities of color
  • Geographic focus: Secondary cities and towns and urban centers with critical mass communities of color
  • Funding size: Minimum $10,000; Max TBD

Required Documents

To apply, qualifying applicants must complete the BWC Online Application (create an account by clicking above).

In addition, applicants most upload a recent Payroll Summary Report or W9s for at least two FTE employees, and one of the following financial statements: (1) balance sheets; (2) income statements; (3) cash flow statements; or (4) statements of shareholders' equity.

Approval Process

Completed applications will be reviewed within 24 – 72 hours after submission and provided an approval or disapproval status within one week. If additional information is needed, a BWC representative will contact you via email or telephone.

Funds will be delivered via an acceptable delivery option based on the location of the business and BWC’s access to delivery resources.

Loan Repayment

BWC+invest’s primary goal is to deploy the funds needed to assist communities of color and businesses of color grow and prosper. Therefore, the loan program requires zero-percent interest with a three-year repayment plan and the option to receive up to 50% loan forgiveness.

Loan Repayment Terms:

  • Investments are considered as patient capital (or long-term capital where BWC is willing to make a financial investment in a business with no expectation of turning a profit.)
  • 0% interest for initial 3 years
  • Investment repayment by the end of Year 3
  • Up to 50% forgiveness of initial funding amount earned with performance thru conversion to convertible equity feature
  • Ability to extend principal repayment option with low-interest rate modification in year three should more time be needed.
  • Any principal that is repaid will be reinvested in the fund to continue access to alternative capital in communities of color.

Solidarity Pledge

With a 15-year track record of delivering meaning impacts with a focus of expanding opportunities for people and communities of color, BWC Pledges to provide businesses of color transformative capital that helps create transformational results.

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