Loan Services
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Lending Services
BBIF provides direct loans for the following business needs:
- Business lines of credit
- Contract financing
- Accounts receivable financing
- Working Capital
- Equipment
BBIF provides loans for the following Commercial Real Estate needs:
Direct Loans
Direct Loans are available to qualified Black business owners who wish to
borrow between $5,000 and $75,000.
Guaranteed Loans
Guaranteed Loans are available to qualified Black business owners who are
borrowing more than $75,000. The BBIF can provide loan guarantees of up to
75% of loan total or a maximum of $200,000.
Facilitated Loans
Facilitated Loans are available to Black, Minority, Woman-owned and small
business clients who are bankable with mainstream commercial lenders but
need assistance with introductions and brokering the loan deal. BBIF assists
and counsels clients in completing all of the application documents
necessary for loan approval with a commercial bank.
Partnership Loans
BBIF is a partner agency for the following loans programs listed below. BBIF
assists and counsels clients in completing the loan request and application.
Such partnership loans are available to Black, Minority and Women- owned
businesses located in the Central Florida area.
- Innovative Bank - Loan amounts of $5,000-$50,000
- SBA Express Loan - Loan amounts of $5,000 - $50,000
- Accion Small Business Loan - Loan amounts of $500 - $25,000
Small Business Administration Loans
BBIF is an intermediary for the Small Business Administration (SBA). SBA
loans, up to $2,000,000, are available to Black, Minority, Women- owned, and
small businesses located in the Central Florida area. BBIF will package the
deal, submit it to the SBA and get SBA’s guarantee commitment and then find
a bank to provide the loan.
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