PPP Client Spotlight: Sterling Silver Scape & Sod

By |2020-06-08T21:13:34+00:00May 21st, 2020|Client Stories|

Sterling Silver Scape and Sod is a Certified Minority Business Enterprise (MBE). For over 30 years they have provided  landscape and irrigation projects for local governments, as well as major theme parks, area schools, hospitals, shopping centers, commercial developments, airports, residential developments and private parks ranging from $30,000 to over $2,500,000 throughout Florida. They believe in creating opportunity for others through excellence, and their goal is to provide prestigious and award winning landscapes nationwide. 

In the wake of the COVID-19 pandemic, the flow of money came to a standstill, and Sterling Silver Scape and Sod was struggling to collect payment from past work that had already been done, as well as secure new contracts. As a result, they couldn’t continue to pay their employees. They needed immediate assistance to keep their business from going under.

That’s when Sterling Silver Scape and Sod reached out to BBIF Florida. BBIF Florida is a Community Development Financial Institution (CDFI) which specializes in providing loan capital and financial management consulting to black, minority and underserved businesses. BBIF is an equal opportunity provider, and an SBA approved lending affiliate for the Paycheck Protection program (PPP).

“Thanks to BBIF’s fast response, client focused approach, and in-depth consultation, we were able to be approved for a much needed PPP loan. Now, we’re able to make payroll for all 33 of our existing employees, as well as sustain our business as we navigate the economic unknowns that we face due to the COVID-19 Pandemic”.

 – Sterling Blake, Owner

The PPP loan, paired with BBIF Florida’s financial management consulting has empowered Sterling Silver Scape and Sod to maintain operations while creating new strategies for resilience in the months to come.

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