What is BBIF Florida?
BBIF Florida operates as Florida's largest statewide small business lender, specializing in providing essential loan capital to African Americans, other minorities, and underserved businesses. Since its inception in 1988, the organization has been instrumental in driving community development through real estate investments and has disbursed over $49.8 million in loans to more than 451 businesses. BBIF Florida is recognized by key federal agencies, including the U.S. Department of the Treasury as a CDFI and CDE, and the U.S. Small Business Administration as an Intermediary Lender. Beyond capital provision, BBIF Florida offers vital financial technical assistance and management capacity training through its Financial Training Academy, empowering business owners to maximize profits and create jobs.
How much funding has BBIF Florida raised?
BBIF Florida has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in BBIF Florida
PPP
Public-Private Partnership
What's next for BBIF Florida?
With this significant strategic investment, BBIF Florida is poised to expand its reach and deepen its impact. The organization's focus on providing simplified capital solutions and comprehensive business support is expected to further strengthen minority and underserved businesses, driving economic resilience and opportunity. This latest financing round signals confidence in BBIF Florida's proven model for community development and its capacity to leverage capital for substantial social and economic returns.
See full BBIF Florida company page
