LOAN APPLICATIONS

Loan Applications for each of our loan programs are available to download. Click a link below to download the appropriate application. All applications are in pdf format, therefore you will need to have the free Adobe Acrobat Reader installed on your computer.

Guaranteed Loan
Direct Loan
Micro Loan
Micro-Enterprise Loan
 

 

Purpose
The purpose of the Tampa Bay Black Business Investment Corporation (TBBBIC) is the advancement of the economic well being of African-American-owned businesses in Hillsborough and Pinellas Counties. This has been accomplished through the creation of a capital fund invested by local financial institutions and contributions by others, to provide loans to viable African-American-owned businesses.

The BBIC will also help to better focus community resources on identification of appropriate business opportunities for African-American entrepreneurs. The BBIC provides a vehicle for new African-American-owned businesses to develop and mature in a realistic manner. Participation by financial institutions in loans to African-American businesses will be an on-going focus of the BBIC. The ultimate goal of the BBIC is the long-term growth and success of African-American-owned business enterprise.

 
About BBIC
The Tampa Bay Black Business Investment Corporation, Inc. (BBIC), a nonprofit corporation, was incorporated on August 4, 1987 as a public-private partnership between local government and the corporate community. The purpose of the BBIC is the advancement of the economic well-being of Hillsborough and Pinellas Counties through the financing and identification of business opportunities for businesses owned and operated by African Americans who are residents of Hillsborough and Pinellas County, Florida.

This has been accomplished through the creation of a capital fund that is supported by local financial institutions and contributions to provide loans to viable African-American owned businesses . The BBIC will also help to focus community resources on identification of appropriate business opportunities for African-American entrepreneurs.

The BBIC provides a vehicle for new African-American owned businesses to develop and mature in a realistic manner. Participation by financial institutions in loans to African-American owned businesses is an ongoing focus of the BBIC. The ultimate goal of the BBIC is the long-term growth and success of African-American owned business enterprises.

The BBIC is the only entity in Hillsborough and Pinellas Counties that provides direct loan and/or loan guarantees to a historically undeserved market segment of the community - businesses owned and operated by African-American citizens.

The BBIC provides services to small business such as underwriting, analysis of business and personal financial statements, site visits, technical assistance - services that may not be cost effective for banks.

The BBIC offers direct loans for equipment, working capital needs, accounts receivable and contract financing and loan guarantees to Banks up to 50% or $75,000.00, whichever is less. In the last year, the BBIC expanded by adding a program to include all small business in the City of St. Petersburg with specific focus on the Challenge 2001 Area. The BBIC is also in the process of opening a small business incubator in the City of St. Petersburg's Challenge 2001 area.

With this continued growth, the need for the BBIC to continue and expand its programs to help develop new and existing businesses increases annually. The US Department of Commerce reports that small businesses in the Central Florida communities grew 21% last year. The US Census reported that the State of Florida led other states with one of the largest growth in the African-American population over the past five years.

Currently, TBBBIC has eighteen Partners/Shareholders which contributes to the loan volume. Since inception, the BBIC has made $6,951,432 in loans.

In summary, this translates into approximately 460 jobs and is a positive economic infusion for the community. Revenue growth for these businesses, assisted by the BBIC, have climbed from $1,118,00 in 1988 to $14,500,000 in 1998.

 
 
     
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