Find the loan that’s right for your business

check Fair & Flexible Loan Terms
check Borrow up to $2 Million
check Free Financial Training

Unique Loan Funds Designed to Meet Your Needs

We know that one size does not fit all. Our customers’ success stems from matching businesses with the money and coaching they need to succeed. We work to understand the uniqueness of your organization and vision so we can support you on the road to growth and sustainability.

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We know that one size does not fit all. Our customers’ success stems from matching businesses with the money and coaching they need to succeed. We work to understand the uniqueness of your organization and vision so we can support you on the road to growth and sustainability.

BBIF’s capital is provided through eight distinct loan products: 

Overview

  • Loan size $25,000 – $1,000,000
  • Term loan to finance:
    • Long-term asset purchases
    • Working capital
    • High-interest debt re-financing
    • Owner-occupied commercial real estate

Eligibility

  • Must create jobs
  • 51% owned and controlled by a Black/ African American
  • Business age is a minimum of 2 years
  • Revenue is less than $10,000,000
  • No minimum credit score is required 

Overview

  • Loan size $25,000 – $500,000
  • Short-term working capital line of credit

 

Eligibility  

  • Must create jobs
  • 51% owned and controlled by a BIPOC or women-owned business
  • Business age is a minimum of 2 years
  • Revenue is less than $10,000,000
  • No minimum credit score is required 
  • Legally assigned contract with a government/municipality
  • Contractor must attend BBIF’s monthly Technical Assistance training

Overview

  • Loan size $10,000 – $350,000
  • Term loans for:
    • – Working capital
    • – Equipment
    • – High-interest debt-refinancing
    • – Owner-occupied commercial real estate

 

Eligibility

  • Must create jobs
  • Revenue is less than $10,000,000
  • Credit Score must be greater than 570

Overview

  • Loan size $10,000 – $50,000
  • Term loans for: 
    • – Working capital
    • – High-interest debt-refinancing
    • – Equipment

 

Eligibility

  • Must create jobs
  • Revenue is less than $2,000,000
  • No minimum credit score is required 

Overview

  • Loan size $500,000 – $2,000,000
  • Term loan to purchase, build or renovate owner-occupied commercial real estate
  • 7-year term; Interest-only payments

 

Eligibility  

  • Must create jobs
  • Business age is a minimum of 5 years
  • A minimum credit score of 620

Overview

  • Loan size $250,000 – $2,000,000
  • Term loans to finance:
    • – Owner-occupied commercial real estate
    • – Renovations
    • – Long-term assets
  • Amortized up to 30 years
  • First lien on real estate

 

Eligibility

  • Revenue is less than $15,000,000
  • Business age is a minimum of 3 years
  • A minimum credit score is of 600

Overview

  • Loan size $10,000 – $100,000
  • Term loans to support the navigation and rebuild from the Covid-19 economic crisis
  • Amortized up to 5 years
  • Priority to businesses owned by Black, Indigenous, or People of Color, and women

 

Eligibility

  • Business must have fewer than 50 employees
  • Revenue is less than $10,000,000
  • Business age is a minimum of 3 years
  • No minimum credit score is required 

Overview 

  • Loan size $10,000 – $1,000,000; 
  • Term loan to be used for general business purposes including but not limited to: 
    • – Long-term asset purchases
    • – Working capital
    • – High-interest debt-refinancing
    • – Owner-occupied commercial real estate acquisitions

 

Eligibility

  • Business must be 51% owned by a Veteran or Spouse of a Veteran
  • Must create jobs
  • Business age is a minimum of 1 year
  • No minimum credit score that is required 

We Specialize in Providing Access To Capital and Business Training to Underserved Communities

We work closely with you to help you build your bankable profile. After successfully moving through our loan and training program, our clients often move on to qualify for loan products from traditional banks!

Whether you’re a small or medium sized business, veteran owned business, business impacted by a recent hurricane, a contractor, a profitable start up, a minority owned business or more, BBIF is here to help your business get the jump start it needs for a successful future.

Ready to Transform Your Business?

Our Simple Application Process is Designed With Your Business in Mind.

BBIF is an equal opportunity provider and certified Community Development Financial Institution (CDFI).

From early childcare educators to contractors, we understand each industry may have different funding needs. To provide you with the highest level of service, we recommend you take some time to familiarize yourself with what is required to process your loan request successfully. Preparation is critical so please click on one of the links below to review the necessary documents to get started.

Once you have gathered and reviewed all the necessary documentation, we encourage you to apply and submit your application through our online application portal. Please note that loan applications that are fully complete will be prioritized. 

To ensure your application is reviewed and processed promptly, please be sure to complete the entire loan application and upload all required supporting documents. If you have any questions, call our office at 407.649.4780, or email us at loans@bbif.com. We can help walk you through the process.

Our loan processor will review your submission and assign your application to a loan officer. The loan officer will contact you to schedule a consultation to discuss the next steps of the application process.

It is during this time we will work with you to determine the following:

Your application is ready to be forwarded to our underwriter for decision processing

Additional information is needed to improve the quality of your application; or

If more education or training is needed, we recommend you connect with a member of our Business Management Consulting Team to help you improve your business financial profile and reapply!

As a non-traditional community-based lender, it is essential to note that we are here to help. We encourage you to be open and transparent regarding your personal and business finances. The more our loan officers and underwriters know about you and your business, the better it will be for us to explore ways we may be able to help you meet your funding goals.

Once your loan officer has determined your application is ready to move forward, our credit administrator will formally review and evaluate the completed loan package. 

During this time, our underwriters will perform the analysis needed to decide if we will be able to move forward with your loan request. The underwriting process will include but not be limited to reviewing your personal and business finances and personal credit. Most importantly, please make sure you are accessible during this stage in the loan process. Our underwriters may have additional questions or require additional information to support further or finalize their decision. It is also here where we will validate your rate, terms, and loan fund.

Please note that our loan requests are subject to the approval of our Loan Committee, which provides final approval to all of our loan packages. Once your underwriter receives the Loan Committees’ approval, the loan will be ready for closing.

Once your loan has been approved, we will send you a congratulatory email, and our loan closer will contact you directly to discuss the closing process and schedule your closing.

Business management consulting, education, and training are required for all of our borrowers throughout the life of the loan. This is an integral part of how we will help your business continue to grow, and it is here where we will partner with you to ensure that you receive the coaching and business management tools you need to make sound financial decisions.

“I’m very grateful I had the opportunity to be funded by a team dedicated to the growth of minority business owners.”

Charnae Wynn, CEO & Owner, iGlam Lash & Beauty, LLC

“I will continue to push more people to work with BBIF. My company was in business for ten years prior to working with BBIF, but they gave me the support to take it to the next level. I don’t know where my company would be at this time if it were not for them.”

Fabian Cook, CEO, Grassland Enterprises