Loan Programs

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


TBBBIC Loan Programs

TBBBIC Guaranteed Loans
The Guaranteed Loan is for African-American businesses desiring to borrow money for equipment/assets and/or working capital.
[-] more info
Service Area Hillsborough and Pinellas Counties
Loan Amount Up to 50% or $75,000 whichever is less
Loan Access Guarantee to investor banks
Use of Funds Business assets purchase, working capital
Ineligible Use of Funds Loan refinancing
Personal Use
Job Creation Information to be provided by Lender
Eligible Borrower Business owned and operated at least 51% by African-American citizen.
Ineligible Businesses Not-for Profit, religious organizations, adult entertainment, bars or lounges or business deriving more than 10% of revenue from sales of alcoholic beverages.
Repayment Terms Negotiated
Interest Rate Negotiated
Collateral Business and/or personal assets;
Personal guarantees, cross collateralization
Borrower's Equity 10% at a minimum
Application Fee $100.00 nonrefundable
Commitment Fee 1.5% of loan amount

TBBBIC Direct Loans
The Direct Loan Program is for African-American business enterprises wishing to borrow $25,000 or less for equipment/assets and/or working capital.
[-] more info
Service Area Hillsborough and Pinellas Counties
Loan Amount $20,000 maximum
$5,000 minimum
Loan Access Direct Loan
Use of Funds Business assets purchase, working capital
Ineligible Use of Funds Loan refinancing
Personal Use
Job Creation Information to be provided by Lender
Eligible Borrower Business owned and operated at least 51% by African-American citizen.
Ineligible Businesses Not-for Profit, religious organizations, adult entertainment, bars or lounges or business deriving more than 10% of revenue from sales of alcoholic beverages.
Repayment Terms Negotiated
Interest Rate Negotiated
Collateral Business and/or personal assets;
Personal guarantees, cross collateralization
Borrower's Equity 10% at a minimum
Application Fee $100.00 nonrefundable
Commitment Fee 1.5% of loan amount

TBBBIC Micro Loans
The Micro Loan is for African-American business enterprises wishing to bowwor a maximum of $5,000 for business assets purchase and/or working capital.
[-] more info
Service Area Hillsborough and Pinellas Counties
Loan Amount $5,000 maximum
Loan Access Direct Loan
Use of Funds Business assets purchase, working capital
Ineligible Use of Funds Loan refinancing
Personal Use
Job Creation Information to be provided by Lender
Eligible Borrower Business owned and operated at least 51% by African-American citizen.
Ineligible Businesses Not-for Profit, religious organizations, adult entertainment, bars or lounges or business deriving more than 10% of revenue from sales of alcoholic beverages.
Repayment Terms Negotiated
Not to exceed 36 months, monthly installments (P&I)
Interest Rate Not to exceed WSJ's prime plus 2.5% at a fixed rate
Collateral Business and/or personal assets;
Personal guarantees, cross collateralization
Borrower's Equity 10% at a minimum
Application Fee $50.00 nonrefundable
Commitment Fee None

Micro-Enterprise Loan Program
The Micro-Enterprise Loan Program is a program aimed at African-American owned businsses in the city of St. Petersburg, Florida. This loan is made available for the purchase of business assets and/or working capital.
[-] more info
Service Area City of St. Petersburg
Loan Amount $15,000 maximum
Loan Access Direct/Guaranteed Loan
Use of Funds Business assets purchase, working capital
Ineligible Use of Funds Loan refinancing
Personal Use
Job Creation Information to be provided by Lender
Eligible Borrower Small Business owned and operated within the City of St.Petersburg.
Ineligible Businesses Not-for Profit, religious organizations, adult entertainment, bars or lounges or business deriving more than 10% of revenue from sales of alcoholic beverages.
Repayment Terms Negotiated
Not to exceed 36 months, monthly installments (P&I)
Interest Rate Not to exceed WSJ's prime plus 2.5% at a fixed rate
Collateral Business and/or personal assets;
Personal guarantees, cross collateralization
Borrower's Equity 10% at a minimum
Application Fee $75.00 nonrefundable
($25.00 Application fee and $50.00 Processing Fee)
Commitment Fee None

SBA Pre-Qualification Loan Program
The SBA Pre-Qualification Loan Program is for a business owned & operated at least 51% by a racial or ethnic minority, women or veterans.
[-] more info
Service Area Hillsborough and Pinellas Counties
Loan Amount $250,000 maximum
Loan Access Loan Intermediary
Use of Funds Business assets purchase, working capital, construction, real estate purchase
Ineligible Use of Funds Distribution to principals
Personal Use
Job Creation No requirement indicated
Eligible Borrower Business owned and operated at least 51% by a racial or ethic minority, women or veterans
Ineligible Businesses Businesses engaged in speculation or investment in rental real estate
Repayment Terms Dependent upon ability to repay a use of loan proceeds
Interest Rate Interest rates may be fixed or variable and are tied to the prime rate
Collateral Business and/or personal assets;
Personal guarantees, cross collateralization
Borrower's Equity 10 to 20% at a minimum
Application Fee $100.00 nonrefundable
Up to $400.00 Processing Fee
Commitment Fee None charged by the BBIC
There may be bank related charges
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