Black and Minority-Owned Business Loan Program (BBIF)

Apply for a loan and financial training if you have a Black or minority-owned business based in Florida.

When to apply:

No deadline, actively lending.

You should apply if you

Have a Black-owned or minority-owned small business.

Have a business based in Florida.

Have credit that shows consistent repayment history. 

Do not have any active judgements, foreclosures, or cases of default.

How to get started

1

Click here to check your loan readiness. 

2

If ready to apply, click here to fill out a pre-qualification form online. 

3

Within 3 business days of completing the online form, a Community Development Lender will review and reach out to discuss the next steps.

4

They may invite you to apply for a loan, help you improve your business financial profile to apply, or direct you to other resources to help you develop your business plan and financial profile.

Information you’ll need to provide

  • Copies of your personal federal tax returns for the last 3 years. 
  • Copies of your business federal tax returns for the last 3 years.
  • Your business plan & cash flow projections detailing the next 12 months of operation (existing businesses only) OR Your first year of operations (startups only).‍

Click here for a list of additional documents that may be requested during your application process.

Helpful tips

  • If you have questions about a specific loan, you can schedule a 15 minute consultation with a development loan officer. Visit this page and click “schedule a consultation” to get started.
  • If you need financial training or anything else related to business development be sure to reach out. BBIF provides a wide range of consulting services for businesses, click here to find out more.

About this program

Provided by: BBIF

‍If you have questions, you can speak with a program representative at:

Program Information: Loan Application

Additional Information: BBIF Loan FAQs

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