PPP Client Spotlight: Sterling Silver Scape & Sod

Sterling Silver Scape and Sod is a Certified Minority Business Enterprise (MBE). For over 30 years they have provided  landscape and irrigation projects for local governments, as well as major theme parks, area schools, hospitals, shopping centers, commercial developments, airports, residential developments and private parks ranging from $30,000 to over $2,500,000 throughout Florida. They believe in creating opportunity for others through excellence, and their goal is to provide prestigious and award winning landscapes nationwide. 

In the wake of the COVID-19 pandemic, the flow of money came to a standstill, and Sterling Silver Scape and Sod was struggling to collect payment from past work that had already been done, as well as secure new contracts. As a result, they couldn’t continue to pay their employees. They needed immediate assistance to keep their business from going under.

That’s when Sterling Silver Scape and Sod reached out to BBIF. BBIF is a Community Development Financial Institution (CDFI) that specializes in providing loan capital and financial management consulting to small businesses. BBIF is an equal opportunity provider and an SBA-approved lending affiliate for the Paycheck Protection Program (PPP).

“Thanks to BBIF’s fast response, client focused approach, and in-depth consultation, we were able to be approved for a much needed PPP loan. Now, we’re able to make payroll for all 33 of our existing employees, as well as sustain our business as we navigate the economic unknowns that we face due to the COVID-19 Pandemic”.

 – Sterling Blake, Owner

The PPP loan, paired with BBIF's financial management consulting has empowered Sterling Silver Scape and Sod to maintain operations while creating new strategies for resilience in the months to come.

About BBIF

Created in 1987, BBIF provides loan capital, financial technical assistance, and business development services to support business owners. As a mission-driven lender, BBIF helps businesses grow by offering capital solutions and specialized guidance tailored to their needs. BBIF is a CDFI (Community Development Financial Institution) and CDE (Community Development Enterprise) certified by the U.S. Department of the Treasury CDFI Fund. The organization is also a Community Advantage and Micro Loan lender certified by the U.S. Small Business Administration, a Money Smart for Small Business collaborator with the Federal Deposit Insurance Corporation (FDIC), and holds an AERIS rating of triple star, A.

Since its inception, BBIF has provided over 1,185 loans totaling $103.6 million and received over $200MM in New Markets Tax Credit (NMTC)  awards, for a leveraged impact of over $625 million in NMTC investments. These efforts have created/retained over 15,000 jobs, while maintaining a historical loan loss rate of 4.08%. Learn more at www.BBIF.com.