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Find similar grantsBlack Business Investment Corporation (BBIC) Loan Programs is sponsored by Black Business Investment Corporation. Offers financial assistance to Black-owned businesses in Palm Beach County and the Treasure Coast Region through various loan programs.
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Housing & Economic Development Black Business Investment Corporation Housing & Economic Development Housing & Economic Development Currently selected Countywide Housing Dashboard Commission on Affordable Housing Community Development Programs Glades Region Master Plan Mortgage and Housing Investments Office of Small Business Development Black Business Investment Corporation Mission.
The goal of the Palm Beach County Black Business Investment Corporation (BBIC) is to expand the participation of Black business enterprises in all segments of Palm Beach County's economy by creating a perpetual flow of capital for their growth, and aggressively promoting an atmosphere conducive to their development. Organization.
The BBIC is a not-for-profit organization formed by the financial and business community in accordance with the Small and Minority Business Act of 1985. The BBIC's main objectives are to ensure that Black businesses have the opportunity to obtain financing and other resources to compete in the market place, and to foster increased employment and social stability within the Black community. Services.
The services to qualified businesses owned by Black citizens include business loan guarantees, bonding, equity capital, and assistance to Blacks who cannot obtain financing through other conventional sources. In cooperation with other organizations, the BBIC also provides training and educational programs for Black businesses such as the preparation of business plans, marketing strategies, and management and accounting systems.
Qualifying Businesses. The BBIC will invest only in businesses owned and operated by Black persons in good standing with the State of Florida. Ownership shall mean 51% or more of any equity interests to be owned by Blacks.
Ownership must be verified. Availability of Financing. Businesses applying for loan guarantees, bonding and/or equity investments will be closely scrutinized and analyzed to assure that financing cannot be obtained through other sources.
Any questionable application will be discussed with financial institutions and/or a loan committee to ascertain whether the credit should be handled by the BBIC. Marlon D.
White, President 2001 Broadway, Suite 250, Riviera Beach, FL 33404 561-845-8055 ; Fax 561-863-0897 Industrial Development Revenue Bonds Palm Beach County Business Loan Program Small Business Revolving Loan Program The Center for Technology, Enterprise and Development (TED) The Business Development Board The Research Park at Florida Atlantic University (FARDA) Technical Preparation Program - Film & TV Ad Valorem Tax Exemptive Program Economic Development Incentive Program Application Economic Development Incentive Program Criteria Urban Job Tax Credit Program Other State of Florida Tax Incentives Work Opportunity Tax Credit Program - FloridaJobs.
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According to the current listing, eligibility includes: Black-owned businesses in Palm Beach County and the Treasure Coast Region. Confirm the full requirements in the official notice before applying.
The current listing shows $5,000 - $100,000+. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Black Business Investment Corporation (BBIC) Loan Programs is funded by Black Business Investment Corporation. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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