BBIF Impact

BBIF's Economic impact in Central Florida is $400 Million.

We have helped provide loans totaling over $35 Million and retained or created over 10,727 jobs.

Black Business
Loan Fund

Provides loans to qualified stage 1 existing Black owned businesses.

The Black Business Loan Fund (BBLP) loan amounts are $10,000 - $100,000.

Micro Loan
Fund

Provide funds to stage 0, small and minority owned businesses.

The Micro Loan Fund loan amounts are $5,000 - $50,000.

Contract Financing
Loan Fund

Provides loans to minority businesses with acceptable contracts.

The Contract Financing Loan Fund loan amounts are $10,000 -$100,000

Small Business
Loan Fund

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>> Download BBIF Investor Information Package

Becoming a BBIF Maverick Businesses

To become a BBIF Maverick Business, that is a leader in our community.  This business owner must commit to volunteer their time to be a “Mentor” business owner, participating in some of (1) the owner’s roundtables and/or (2) BBIF program development and evaluation sessions, and to financially support a minimum of two (2) of the Minority Business Institute annual events.

Becoming a BBIF Investor

BBIF offers two class memberships to investors, voting and nonvoting memberships. Voting members or Class A memberships and nonvoting members or Class B memberships.  The BBIF is a 501 (c) 4 and its stock is carried on the bank’s Balance Sheet as an Other Asset/Investment.  National Association Bank memberships must first be approved by the Office of the Comptroller of the Currency in Washington, D.C.  The State of Florida’s Auditor General Office must approve state Chartered Banks memberships. Once the new bank’s membership has been approved by the regulatory agency, the BBIF’s Board of Directors will vote on new membership request. Investor have the benefit of the BBIF’s network of hundreds of small and minority-owned businesses that will be referred to Investor banks for their financial needs: investments, loans, checking, savings and other cash management services.

Becoming a BBIF Corporate Partner

A company can become a BBIF Partner by becoming an Ambassador or Leader level sponsor.  A corporate Ambassador level sponsor financially supports all five (5) of the Minority Business Institute annual events. These events are designed to (1) provide assistance and support to minority businesses that are trying to expand their networking relationships for increased contract opportunities, and (2) provide business leadership development. A corporate Leader level sponsor financially supports three (3) of the Minority Business Institute annual events


Becoming a BBIF In-Kind Corporate Partner

A corporate In-Kind sponsor can be for the donation of meeting space, training professionals, etc.

 

>> Download BBIF Investor Information Package