Frequently Asked Questions

We will contact you in ten (10) days of receiving your loan application.

Up to 45 business days for a loan approval, up to 60 business days to close and fund your loan. (These dates can vary depending on the type of loan and how quickly we get documents from client.)

Interest rates vary depending on each loan and the associated risk. Rates are based on U.S. Treasury rate and are subject to change.

12-84 months for working capital and equipment loan but up to 300 month for real estate based loan.

No, clients are referred to their local SBDC office which provides education classes on business plan preparation.

Maximum loan size for BBIF’s tradition loans and NMTC are $250,000 and $2,000,000 respectively.

Yes, however, only to eligible business acquisitions. No, we do not provide loans for a typical start-up business. Businesses that are established for less than six (6) months must receive some additional business education from a business or economic development organization (SBDC, SCORE, EDC; Chamber, business incubator, etc.) and bring proof of participation or program completion.

Yes, after you receive a loan, on-going technical assistance, as determined by the BBIF Florida is required.

We have an overall financial condition viability requirement that includes consideration of client credit score. Therefore, an isolated target credit score is not utilized, however credit is a part of our loan evaluation and good credit is preferred.

  1. Complete the loan application on our website
  2. Submit the application with ALL of the required documentation to our office.

Explore our loan products

No, we do not provide personal loans.

We provide short-term working capital loans and long-term  capital loans.

All of our loans are secured and require collateral and personal guarantees.

There are no pre-payment penalties for most of our loans. Some SBA loan products are subject to pre-payment penalty based on their structure.

All loans include a non-refundable $150.00 loan application fee and closing costs.

301 East Pine Street, Suite 175
Orlando, Florida 32801

Phone & Fax:
Telephone: (407) 649-4780
Fax: (407) 649-8688


Are You Ready to Transform Your Business?

Yes, I want to See If I am Eligible For A Loan