BBIF invests NMTC Loan Pool Dollars into Pine Hills

NMTC Client Spotlight: Pine Hills Drugs, Pharmacy & Medical Supplies

NMTC Loan Pools were created to expand access to capital for small business owners and support economic growth in communities with limited investment. These loan pools provide funding for entrepreneurs to purchase and renovate owner-occupied commercial real estate, helping to strengthen local business districts and drive long-term development.

Pine Hills Drugs, Pharmacy & Medical Supplies

Pine Hills Drugs,  Pharmacy & Medical Supplies (PHD) stores,  prepares and dispenses medical preparations for general patients in the Greater Orlando Area. The pharmacy devotes a portion of its time to elderly patients, long-term care, and assisted living care facilities.PHD has been supporting many Black and underserved individuals residing in the low-income community of Pine Hills, Florida. 

Pine Hills is an unincorporated neighborhood in West Orlando. Since 2011, the City of Orlando has included this area in its Neighborhood Improvement District. The program aims to enhance the neighborhood’s appeal as a family-friendly community while fostering a safe and business-friendly environment that supports long-term growth.

Business owner and pharmacist Oscar Mibionwu has owned and operated PHD for the past ten years. Through his time practicing in the Pine Hills Community, Mibionwu has been able to make an impact with PHD’s service, and his vision was to become a pillar within the community. Initially, Mibionwu was operating from leased space. However, he knew that he would have to grow his business to make a more significant impact in his community. That is when he contacted BBIF.

BBIF created the NMTC Loan Pool to provide flexible, affordable capital to entrepreneurs in communities with limited access to funding. Through this financing tool, BBIF partnered with Mibionwu to support the purchase and renovation of a larger commercial property in Pine Hills. With an expanded facility, PHD was able to grow its operations and continue delivering essential medical services to the Pine Hills community.

 In addition to the NMTC Loan Pool dollars that Mibionwu received, he is also a part of BBIF’s Resilient Grant Program. Through this initiative, business owners receive grant dollars and attend monthly meetings with BBIF’s Managerial Consultants. These meetings are designed to teach business owners strategies to endure business operations during an economic downturn.

“BBIF’s team took me in as family. I believe they care about me and this is not limited to just closing a loan. They want me and my business to succeed. Other lenders cannot compare to the wonderful experience I had with BBIF.” - Oscar Mibionwu, Owner & Pharmacist, PHD Pharmacy & Medical Supplies