We’ve done a lot, but there’s more work to do
Small and minority businesses play a critical role in
our economy and need support in order to create wealth

Click Here to See our 2016 Annual Report

STATEWIDE IMPACT
2008-2016

Since our inception in 1987, we have provided 385+ loans totaling over $45.7 Million, retaining and creating over 12,705 jobs.

In 2015 we were awarded our first New Markets Tax Credit (NMTC) allocation of $20 million. In 2016, we received our second NMTC Award, another $20 Allocation. BBIF Florida has closed NMTC projects that have created over $64 million in economic development projects In underserved communities and created over 884 permanent jobs.

Through our Financial Technical Assistance roundtable program we have interacted with over 3,250 business owners and professionals in Fiscal Year 2016.

BBIF FLORIDA TIMELINE
  • BBIF Florida Hosts Annual Harambee Event

    BBIF Florida (BBIF) and the Financial Business Training Institute (FBTI) are proud to host the Harambee Celebration. Join us as we celebrate Black History Month and recognize the achievements of our clients across the state that exhibit the determination, charisma, dedication and entrepreneurial spirit of..Read More

  • BBIF FLORIDA PROVIDES $6 MILLION IN NEW MARKETS TAX CREDITS FOR ORLANDO’S APRIRE HEALTH

     BBIF Florida (BBIF) is pleased to announce the successful closing of $6 million in New Markets Tax Credit (NMTC) financing that assures Aspire Heath Partners has immediate resources for improving their current 135,000 sq. ft. Mercy Drive facility. The renovation includes converting a floor of..Read More

  • INEZ LONG RE-ELECTED TO SERVE ON NATIONAL BOARD OF CDFIs

    Inez Long, President/CEO, BBIF Florida (BBIF), has been re-elected to serve on the Opportunity Finance Network (OFN) Board of Directors for a second three-year term.  Inez’s re-election came on October 26, 2016 during the OFN Annual Conference in Atlanta, GA. The Opportunity Finance Network (OFN)..Read More

  • Awarded $20 million in New Markets Tax Credits

    The Black Business Investment Fund of Central Florida (BBIF Florida) is pleased to announce it has been awarded $20 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund for a total of $40 million..Read More

  • BBIF Florida Board decided to rebrand

    During the BBIF Florida’s Board Strategic Planning Session of 2013, the BBIF Florida Board decided to rebrand BBIF Florida to reflect the organization’s growth and expansion of services and clients throughout the state launching the new organization name, BBIF Florida Florida. BBIF Florida is certified..Read More

  • BBIF Florida was selected by the SBA to administer the Community Advantage Loan program

    After great success, in late 2011, the BBIF Florida was selected by the SBA to administer the Community Advantage Loan program, started October 2012, which provides loans to minority and underserved businesses throughout the state of Florida.

  • Raised $1.05 million for a micro loan fund

    May 2010, the BBIF Florida raised $1.05 million for a micro loan fund from the SBA and the ECLA

  • BBIF expanded its services throughout the state of Florida

    In 2009, the organization expanded its services geographically throughout the entire state of Florida through an $8.5 million small business loan program.

  • Trade Mission to West Africa

    October 1999, BBIF Florida, led by City Commissioner Daisy Lynum, took a group of 26 Black business owners on a Trade Mission to West Africa’s Senegal, Ghana, and Cote D’Ivoire. Accompanying her on the trip was, State Representative Alzo Reddick and County Commissioner Mable Butler.

  • Numerous partners added additional loan capital to the BBIF Florida

    1992-1998, numerous partners added additional loan capital to the BBIF Florida, SunTrust Bank, Barnett Bank, AmSouth Bank, and the State of Florida (FBBIB). By September 1998, the BBIF Florida in partnership with its banking partners helped to provide $15 Million in loans to Black businesses..Read More

  • Developed and approved a 10 year Strategic Plan

    1995 August 1995, BBIF Florida developed and approved a 10 year Strategic Plan to re-capitalize the loan fund.

  • Formed the Black Business Capital Finance Corporation

    1993 February 1993, BBIF Florida formed the Black Business Capital Finance Corporation (BBCFC), a non-profit 501©3 organization.

  • BBIF Florida was created in 1987

    BBIF Florida was created in 1987 to help black businesses access capital.  The organization has grown from a small regional loan fund to Florida’s leading statewide lender that specializes in providing capital to minority and underserved businesses.

WHO+WHAT+HOW+WHY

Florida’s Leading Non-Traditional Lender and Financial Technical Assistance Provider Specializing in Assisting Black, Minority and Underserved Small Businesses

Mission Statement

To develop and promote Black business enterprises through education, training, loans, investments, and other activities and aggressively promote an atmosphere conducive to their development.

Approach

BBIF Florida’s approach to developing a successful business is founded in the belief that business success is achieved when the right attitude, capacity, networking, access to capital and opportunities

Strategic Goal

To make BBIF Florida a self-sustaining and high-performing CDFI by utilizing business and real estate development other initiatives as tools for growth.

Objective

To provide loan capital and business development training to all minority and all underserved businesses.

CERTIFICATIONS + AFFILIATIONS

Let’s Start Growing Your Business the Smart Way!
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