Small Business Loans for Black, Minority & Underserved Businesses

For businesses in:

South Florida and beyond

Provided by:

BBIF Florida

Ideal for:

Small Minority-Owned Businesses

Help for minority-owned small businesses by providing loans and business development training.

Coming Soon


  • A complete profile of the business is taken under consideration during the evaluation process to find flexible and fair loan terms.
  • Offering business management training.

BBIF Loan:

  • $5,000 to $250,000 
  • 1 to 5 year term
  • 1% to 8% interest
  • Payment is required 3 months after loan closing

Payment Protection Program Loan:

  • 1 year loan term
  • 1% interest
  • Maturity of 2 years
  • 6 month deferment period
  • No collateral is necessary
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  • Credit score requirements are flexible.
  • Existing business registered in the state of Florida.  
  • Owners/co-owners are Green Card holders or citizens.
  • Business is generating a profit.
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Actively Lending Now

For applications and information, please send an email inquiry to

For applications to the Paycheck Protection Program (PPP) loans, complete the information in the following form.

Visit BBIF Florida

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

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  • Copy of personal federal tax returns of most recent 3 years
  • Copy of business federal tax returns of most recent 3 years
  • Business plan & business cash flow projections covering the next 12 months of operations for existing businesses or the first year of operations for startups
  • For regular loans, business assets are required as collateral. If business assets are not enough, personal collateral is required. Some examples include: property, retirement and investment accounts and life insurance.

Please note that additional documentation may be requested when completing a full loan application.


BBIF is a 501(c)4 organization, a  participating lender with the SBA and a certified Community Development Financial Institution (CDFI). CDFIs are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.

Small Business Administration Relief through BBIF