To ensure small businesses survive COVID-19, we created the BBIF Emergency Relief Fund. This fund supports BBIF’s clients and Florida’s small businesses. To increase our own resiliency, we are working alongside investors and partners and recently launched a fundraising campaign to increase our core operating and loan loss reserves. Based upon a recent client survey, we know that the help our clients need must come quickly and with flexibility.
The aim of the BBIF Emergency Relief Fund is to assist 700 small businesses and clients by:
1. Providing working capital loans to small businesses, including those that do not fit public relief programs qualifications (low interest rates, flexible lending criteria)
2. Offering loan payment deferment and restructures/modifications as needed
3. Providing one-on-one technical assistance via online/video conferencing technologies
4. Offering Emergency Relief Fund to support small business owner