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As of July 1, 2011 BBIF loaned out all of the available funds for the EGLF. We will continue to service all of the outstanding loans and look to launch a new state-wide loan fund in the coming months.
The Economic Gardening Loan Fund was created in 2009 out of Florida Statutes 288.1081 within the Office of Tourism, Trade, and Economic Development. The Economic Gardening Loan Fund (EGLF) is to support those small businesses that are in the best position to use the loan to continue making a successful long-term business commitment to Florida.
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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
The Small Business Loan Fund was formed to provide SBA loans to established minority and small businesses.
Small Business Loan Fund loan amounts are $50,000 - $250,000









