Search Results

Ray Gilley brings decades of leadership and a commitment to economic development. ORLANDO, FL – December 20, 2024  – BBIF is proud to announce the appointment of Ray Gilley as its new Chief Executive Officer. After an extensive search process, Ray was selected for his outstanding leadership, broad expertise, and unwavering dedication to community and economic development.  Ray brings decades of experience in business retention, growth, and attraction, as well as the development and implementation of financial tools such as Tax Incentives, Industrial Revenue Bonds, CDFI funds, Tax Allocation Districts, and New Market Tax Credits. Throughout his career, he has successfully collaborated with cross-functional teams and stakeholders to deliver impactful programs and sustainable results across regional, state, county, and community levels.    In addition to his professional accomplishments, Ray has held numerous appointed and volunteer roles across education, economic and workforce development, healthcare, business, and community development. His broad perspective and extensive network of relationships uniquely position him to lead BBIF into its next chapter of growth and impact.    “I am excited to join BBIF and build on its incredible legacy of advancing opportunities for underbanked businesses and communities,” said Ray Gilley, BBIF CEO. “This is an important time for the organization, and I am confident that, together with the talented team and our valued partners, we will continue to innovate, deliver meaningful results, and make a lasting difference.”    BBIF Board Chair, Jacqueline Barr, shared her enthusiasm about the appointment. “Ray’s wealth of experience, strategic vision, and proven ability to drive impactful results make him an ideal leader for BBIF. The board is confident in Ray’s ability to guide the organization forward, deepen our partnerships, and expand our reach in underbanked communities. We are excited for this next chapter under his leadership and look forward to the continued growth and success of BBIF.”    In the coming weeks and months, BBIF looks forward to introducing Ray to its partners, stakeholders, and community supporters. These engagements will provide opportunities to share his vision for BBIF and deepen connections with those who play a critical role in advancing the organization’s mission.    BBIF remains committed to empowering businesses, fostering equitable growth, and creating sustainable economic opportunities in underserved communities.    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 certified with the Federal Deposit Insurance Corporation (FDIC), and holds an AERIS rating of triple star, A.   Since its inception, BBIF has provided over 1,218 loans totaling $118.3 million and received over $248MM in New Markets Tax Credit (NMTC) awards, for a leveraged impact of over $925 million in NMTC investments. These efforts have created/retained over 15,600 jobs, while maintaining a historical loan loss rate of 3.50%. www.BBIF.com .     ###    Media contacts:    Jasmine Gebon, VP Strategic Initiatives   jgebon@bbif.com     Rhema Nnadi, Marketing Director   rnnadi@bbif.com

ORLANDO, FL (January 14, 2025) FAIRWINDS Foundation, the philanthropic arm of FAIRWINDS Credit Union, recently announced the recipients of its 2025 grants at a breakfast event held at Full Sail Live. The event, attended by prominent community leaders and representatives from sixteen organizations, celebrated the Foundation’s largest grant distribution to date. This year, FAIRWINDS Foundation increased its grant contributions by $100,000, bringing the total to an impressive $500,000. Since 2018, the Foundation has dedicated over $2 million towards initiatives aimed at enhancing financial well-being, underlining its commitment to improving lives through financial literacy. Among the recipients, BBIF, through its charitable affiliate BBCDC, was awarded $30,000. This grant will support BBIF’s ongoing efforts to empower small business owners with critical financial literacy education. "We value our ongoing relationship with FAIRWINDS Foundation," stated Duane Lewis, Executive Director of BBCDC & COO of BBIF. "Their support helps us deliver the vital resources and guidance that business owners require to succeed. FAIRWINDS' commitment to financial literacy education is one that we deeply admire, as it is crucial for empowering entrepreneurs." Initiated in 2022 with the support of FAIRWINDS Foundation, BBIF’s Financial Literacy Workshop Series, led by BBIF team member Karlon Johnson, has been a key part of this initiative. The workshops cover essential financial topics such as personal credit, debt management, and cash flow strategies. To date, the series has benefited hundreds of entrepreneurs, reinforcing the importance of financial education in business growth and success in Central Florida. With this renewed grant, BBIF is set to expand these valuable services, reaching an even broader audience of entrepreneurs in the upcoming year. "When individuals and families have access to the right information and resources to strengthen their financial well-being, it creates a positive ripple effect on the local economy," said Elisha González, vice president of community relations and government affairs at FAIRWINDS and executive director of FAIRWINDS Foundation. "These organizations are doing outstanding work to advance financial literacy, helping businesses and communities achieve greater financial stability and long-term success." About FAIRWINDS Foundation FAIRWINDS  Foundation, a nonprofit 501(c)(3) organization, is dedicated to helping individuals achieve a path toward financial responsibility, security and freedom and inspiring them to transform the lives of others by living generously. Through education, financial contribution and volunteerism, the Foundation works with and supports organizations that align with its passion of improving lives through financial literacy.  For more information, visit www.fairwinds.org/foundation . About FAIRWINDS For 75 years,  FAIRWINDS  Credit Union has helped members achieve financial freedom by saving more, eliminating debt, building wealth, and living generously. Headquartered in Orlando, Florida,  FAIRWINDS  serves more than 225,000 members with innovative and secure personal and commercial financial services, including deposits and loans, wealth management, retirement planning, treasury services, merchant services, and more. With a member satisfaction score twice the banking industry average,  FAIRWINDS  members experience confidence and peace of mind.  FAIRWINDS  is consistently named a top employer of choice, including  American Banker ,  Credit Union Times,  and  Florida Trend . Recognized among Central Florida’s most philanthropic companies by  Orlando Business Journal ,  FAIRWINDS  builds financial literacy in the region through its  FAIRWINDS  Foundation. For more information, visit  www.fairwinds.org . About BBCDC The BBCDC was established in 1993 as a 501(c)(3) organization dedicated to fundraising, education, and networking opportunities that support business growth. BBCDC also focuses on enriching communities through housing initiatives that provide access to affordable living options. As the charitable affiliate of BBIF, BBCDC has evolved to expand its impact, including a name change from BBCFC to BBCDC in March 2020 to reflect its broader mission. 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 certified with the Federal Deposit Insurance Corporation (FDIC), and holds an AERIS rating of triple star, A.   Since its inception, BBIF has provided over 1,218 loans totaling $118.3 million and received over $248MM in New Markets Tax Credit (NMTC) awards, for a leveraged impact of over $925 million in NMTC investments. These efforts have created/retained over 15,600 jobs, while maintaining a historical loan loss rate of 3.50%. www.BBIF.com .

FOR IMMEDIATE RELEASE ORLANDO, FL (December 24, 2025) - We are happy to share that BBIF Capital, Inc. (BBIF) has been selected for a New Markets Tax Credit (NMTC) allocation through the U.S. Department of the Treasury’s Community Development Financial Institutions Fund as part of the CY 2024–2025 allocation round . In this highly competitive cycle, BBIF received $75 million in allocation authority , strengthening its ability to continue financing community-serving projects across Florida. This allocation enables BBIF to leverage federal tax credits to attract additional private capital , helping close financing gaps for projects that may not otherwise move forward through traditional lending channels. These investments support business growth, job creation, and essential community infrastructure—contributing to long-term economic vitality in Florida and beyond. Nationally, the CDFI Fund awarded $10 billion in NMTC allocation authority to 142 organizations in the CY 2024–2025 round. Within Florida, only three allocatees based in the state were selected, with a combined total of $245 million in allocation authority, reflecting both the competitiveness of the program and the continued demand for catalytic investment capital in the state. This latest award builds on BBIF’s long-standing participation in the NMTC Program. Since first receiving an NMTC allocation in 2014, BBIF has secured eight NMTC awards totaling more than $323 million in allocation authority, reflecting a sustained track record of deploying catalytic capital into community-serving projects that support business growth, job creation, and essential community infrastructure. “The New Markets Tax Credit Program is one of the most effective tools for mobilizing long-term investment in communities,” said Ray Gilley, CEO of BBIF. “This allocation allows us to continue our disciplined approach to deploying capital alongside private partners, building on more than a decade of experience supporting projects that generate durable economic outcomes and lasting community benefit.” Jasmine Gebon, Chief Strategy Officer of BBIF, added, “As a nontraditional lender, we know firsthand how critical flexible, patient capital is to moving community-serving projects from concept to reality. The NMTC Program allows BBIF to close financing gaps, attract additional investment, and continue stewarding capital responsibly in alignment with long-term community priorities.” The NMTC Program incentivizes private investment by providing federal tax credits to investors that finance qualified community development projects. BBIF will leverage this allocation to attract additional private capital and help address financing gaps for projects that contribute to long-term economic vitality in Florida and beyond. ### About BBIF BBIF is a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE) that provides capital, financing solutions, and technical assistance to businesses and community development projects. BBIF works to expand access to capital and support sustainable economic growth by leveraging public and private resources to meet community needs. About the New Markets Tax Credit Program The New Markets Tax Credit Program is administered by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. The program incentivizes private investment in low-income communities by providing federal tax credits to investors that finance qualified community development projects.

ORLANDO, Florida — December 3, 2025  — BBIF Capital (BBIF) is proud to support Caring for Others, a global humanitarian nonprofit headquartered in Atlanta, Georgia, dedicated to restoring dignity and stability for families in crisis, as the organization expands its operational footprint through the acquisition of a third warehouse facility. This milestone was made possible through a collaborative financing effort with TruFund Financial Services, Inc., Access to Capital for Entrepreneurs (ACE) and BBIF Capital. The collaboration reflects a major commitment from these three Community Development Financial Institutions (CDFIs), enabling Caring for Others to dramatically increase its readiness, responsiveness, and reach. “BBIF is proud to join our fellow CDFI partners in this loan supporting Caring for Others as they expand their operations and deepen their impact in communities locally and abroad. Our investment reflects our commitment to financing organizations that strengthen communities, create opportunity, and drive sustainable economic growth, and it is a strong example of how CDFIs can partner to expand impact, ” said Duane Lewis, COO of BBIF. The expanded warehouse strengthens the organization’s ability to deploy swift, coordinated disaster relief both in the United States and abroad. The facility will serve as a central staging hub for essential goods, including food, water, clothing, hygiene kits, and medical supplies. Its design supports a proactive relief model in which fully stocked convoys are prepared and positioned to move within minutes of an emergency. This model proved crucial following the recent storm in Jamaica. With supplies already in place when disaster strikes, Caring for Others can dispatch immediate assistance, meeting families at the earliest stages of recovery when support is most urgently needed. “Every pallet in this warehouse symbolizes hope. It represents a family that can begin again. This partnership with TruFund, BBIF, and ACE extends our ability to reach those moments of crisis with dignity, consistency, and care," said Dr. Eslene Richmond Shockley, Founding President and CEO of Caring for Others. “This collaboration among CDFIs demonstrates how working together amplifies our ability to meet urgent needs and create lasting impact in the communities we serve. By supporting Caring for Others, we are strengthening and expanding their capacity to advance their mission of eradicating poverty through comprehensive programs that provide food, education, clothing, and housing for individuals and families in need. Together we can achieve more than we can individually," said James H. Bason, President and CEO of TruFund Financial Services Inc. The warehouse will function as the operational heart of Caring for Others’ domestic and international relief strategy. Staff and volunteers maintain prepacked zones of essential items so that trucks and 18-wheelers can depart quickly, ensuring families receive help when it matters most. The collaboration among the three CDFIs underscores a shared commitment to deploying capital in ways that strengthen community infrastructure, support accessible economic solutions, and magnify the work of organizations delivering measurable impact. “At ACE, we believe collaboration is one of the most powerful tools we have to expand opportunity, and this partnership reflects the very best of what CDFIs can accomplish together. By supporting Caring for Others’ expansion, we’re helping ensure communities are better prepared, better supported, and better equipped to recover from crisis. ACE is grateful to play a role in advancing this vital work, ” said Martina Edwards, CEO of Access to Capital for Entrepreneurs. With the addition of this new facility, Caring for Others is positioned to scale its global operations, accelerate relief deployment, and deepen its long-term support for families navigating both immediate disasters and ongoing recovery. 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 certified with the Federal Deposit Insurance Corporation (FDIC), and holds an AERIS rating of triple star, A.   Since its inception, BBIF has provided over 1,218 loans totaling $118.3 million and received over $248MM in New Markets Tax Credit (NMTC) awards, for a leveraged impact of over $925 million in NMTC investments. These efforts have created/retained over 15,600 jobs, while maintaining a historical loan loss rate of 3.50%. www.BBIF.com . About TruFund Financial Services, Inc. TruFund Financial Services is a mission-driven Community Development Financial Institution committed to creating economic opportunities for small businesses and communities. Through accessible capital and advisory services, TruFund empowers entrepreneurs to grow strong, sustainable enterprises that anchor local economies. About Caring for Others Caring for Others, Inc. is an international human services organization working to eradicate poverty through food distribution, clothing, education, and housing support for individuals and families around the world. About Access to Capital for Entrepreneurs ACE is a Georgia 501(c)(3) nonprofit and community development financial institution (CDFI) that provides affordable capital combined with coaching and connections to help borrowers create and grow sustainable businesses that generate jobs. Over the last 25 years, we have provided more than $250 million in loans and business advisory services to support 2,800+ small business owners and helped create or save 23,000+ jobs for Georgians.

ORLANDO, FL (December 8, 2025) —BBIF supported UP Orlando Foundation’s “Hope for the Holidays” toy drive initiative. The Foundation’s annual program supports local families by providing holiday gifts and meal essentials through community sponsorships, donations, toy drives, and volunteers, all while promoting dignity by allowing parents to choose gifts for their children rather than receiving pre-selected items. Participating in initiatives like this reaffirms BBIF’s commitment to supporting the community in meaningful ways. At BBIF, we see the biggest impact when support is shared. Programs like “Hope for the Holidays” bring neighbors, nonprofits, volunteers, and local partners together to show up for families at the moments that matter most and those connections are part of what makes Orlando resilient. This kind of giving also reaches beyond the holiday season. In a challenging economy, even small acts can create real momentum by supporting families and neighborhoods while strengthening the local ecosystem where small businesses grow and our community thrives. About BBIF Created in 1987, BBIF Capital 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 certified with the Federal Deposit Insurance Corporation (FDIC), and holds an AERIS rating of triple star, A. Since its inception, BBIF has provided over 1,218 loans totaling $118.3 million and received over $248MM in New Markets Tax Credit (NMTC) awards, for a leveraged impact of over $925 million in NMTC investments. These efforts have created/retained over 15,600 jobs, while maintaining a historical loan loss rate of 3.50%. www.BBIF.com . About UP Orlando Our work is shaped by the understanding that, we can create lasting change to combat poverty. Our approach is centered on helping people help themselves; offering hope and a hand UP rather than a hand out. And together we can bring about that change. Our approach is centered on helping people help themselves; offering hope and a hand UP rather than a hand out. Today, our UP Orlando Center annually serves more than 8,453 unique households through our programs and services, with a monthly average of 450 families receiving assistance . Our center serves those whose household income is at or below 200% of the Federal Poverty Level.

JACKSONVILLE, FL (April 19, 2023) – BBIF is proud to announce that it has been awarded Top Micro-Lender by the U.S. Small Business Administration’s (SBA) North Florida District Office for Fiscal Year 2022. This recognition reaffirms BBIF’s dedication to empowering entrepreneurs and helping them achieve their goals.  “We know that access to capital can make all the difference for small businesses,” said Duane Lewis, COO at BBIF. “We are honored to receive this recognition from the SBA and remain committed to providing access to affordable loans and resources to help entrepreneurs in Florida grow and thrive.” The SBA’s Microloan Program provides small loans of up to $50,000 to help small businesses and nonprofit organizations start or expand. Through the program, BBIF has helped countless entrepreneurs and small business owners achieve their dreams. BBIF will be recognized at the 2023 Annual Small Business Week & Lender Awards Celebration (hosted by the Small Business Development Center at the University of North Florida) on May 5, 2023. 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 . About the U.S. Small Business Administration The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov

🎥 Hear directly from our CEO Ray Gilley and see the impact we made together— watch our Annual Report video . At BBIF, we believe that economic opportunity is a right—not a privilege. That belief has powered our mission for over 37 years, and in Fiscal Year 2024, it shaped a record-breaking year of impact, resilience, and strategic growth. We’re proud to unveil our 2024 Annual Report , a dynamic look at how we’re investing in small businesses, building generational wealth, and transforming undercapitalized communities through finance, focus, and unwavering dedication. Highlights from FY 2024: $13.87 million in business loans  disbursed to 35 small businesses 619 jobs  created or preserved $29 million  in New Markets Tax Credit (NMTC) loans originated 10,000+ hours  of technical assistance delivered 37% increase  in business training sessions Record $55 million  in total assets $2.6 million  in grant awards secured Behind each number is a story of perseverance, partnership, and progress. From supporting community-driven real estate developers to equipping construction entrepreneurs with the tools to scale, our work this year helped small businesses navigate challenges and seize new opportunities. We also marked a significant leadership transition. After the passing of our trailblazing CEO, Inez Long, we entered a new chapter under the guidance of our new CEO, Raymond Gilley. His leadership is driving forward a bold vision—rooted in innovation, equity, and long-term sustainability. Explore Our Impact This year’s report goes beyond data—it tells the stories of the people and communities behind our mission. From a Tampa café transforming into a local staple to a high school expansion delivering opportunity to the next generation, the report is filled with real-world examples of what inclusive investment looks like in action. We invite you to flip through the interactive report  and see how our partnerships with funders, government agencies, and mission-aligned institutions continue to power systemic change. 📘 View the 2024 Annual Report Flipbook What’s Next? Looking ahead, our focus is on scaling our lending programs, expanding training access , and innovating how capital flows into communities that need it most . As we grow, we remain committed to the entrepreneurs who are building stronger businesses—and stronger futures. Join Us in Driving Change Every contribution, partnership, and hour of support helps move the needle. Whether you’re a funder, investor, volunteer, or community advocate— you are part of the ecosystem we’re building . Together, we can transform capital into opportunity and drive economic mobility for all. 🔗 Learn how to support BBIF’s mission at   www.bbif.com

Dr. Juan Carlos Amesty is a Hispanic American and founder and president of Central Christian University (CCU). Dr. Amesty formed CCU in 2005 and has held a lifelong mission to provide professional services to the community. As a local Christian University located in the Pine Hills community, CCU has a commitment to improve the Orlando community through education & social services. Through their recent acquisition of their facility, CCU has an opportunity to continue to expand on their foundations, making long-term impact in their community. “ BBIF’s partnership with Fifth Third has enabled us to invest in companies like CCU that offer essential services such as education to communities in need . – Inez Long, President/CEO, BBIF The NMTC financing of $1.3 million dollars came from an allocation given to BBIF by Fifth Third Bank in 2018. In addition to this below market rate loan, BBIF provided a business loan of approximately $100,000 to help the company with improvements related to hurricane resiliency. “ We believe in the potential of this community. Our goal is to provide valuable education and support services that strengthen families and promote long-term growth. ” Carolina Amesty, Special Advisor to The President, Central Christian University 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 .

FermiTron, Inc. (FermiTron), is a full-service electronics products design corporation. The company, established in 2012, is owned and operated by veteran entrepreneur Guilford Cantave.  The corporation provides support to companies ranging from promising entrepreneurs to Fortune 500 firms. FermiTron has a reputation for excellence and is proficient at transforming customers’ innovative concepts into high quality products. Despite FermiTron being a well-known player in its industry, Guilford could not secure the capital he needed to grow his business. Like many entrepreneurs, Guilford was forced to turn to the only entity that would give him a loan: a predatory lender.   The predatory loan resulted in a substantial loss of available capital each month. This capital was vital for reinvestment back into his business. Unfortunately, the high loan interest rate absorbed the capital required for growth. As business continued, FermiTron’s cash flow shortages grew. Despite many challenges, Guilford knew he would need the right support to move forward and grow his business.  The first step to improving his financial position would be finding a fair and responsible small business loan.  That’s when he turned to BBIF Florida (BBIF). BBIF is Florida’s leading non-traditional small business lender. BBIF is a non-profit, community development financial institution (CDFI), which specializes in growing small, local businesses through access to capital and management coaching.  When Guilford started at the BBIF Management Consulting CEO Roundtable (CEO Roundtable) in June of 2018, BBIF’s team of expert business consultants held his hand through the process of financial stabilization & growth. The CEO Roundtable provided Guilford with financial training, mentorship and accountability. Despite the impact of the predatory loan, he was able to improve FermiTron’s cash flow, increase its customer base, and increase sales by over 40% in just a few short months. With the help of BBIF Florida, FermiTron became eligible for a small business loan. Guilford was able to refinance his predatory loans, which improved his available capital by reducing his monthly loan expense by 86%.This new available capital will help him create several full-time jobs, buy much needed equipment, and pursue higher value contract opportunities. His story demonstrates that entrepreneurs thrive when provided the capital and management coaching they need to succeed. 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 .

For Kreative Kids Learning Center (Kreative Kidz), an early learning center owned and operated by Simeon Multon, 2020 was meant to be their year. Having experienced significant growth in the years leading up to 2020, Simeon had plans for major expansion this year. “The year 2020 was going to be the best year for Kreative Kidz. We were in the planning process of opening our 8th room, expanding the business services and expanding our hours of operation,” Simeon remarked about the center’s plans for growth. The economic impact of the Coronovarius (COVID-19) pandemic and resulting statewide shutdown changed everything. Simeon, a local business owner, like many small businesses nationwide, was adversely impacted by the economic shutdown. He feared the worst for his business and his employees, not knowing where to turn for help in the midst of all the uncertainty.  With parents out of work, and children remaining at home, the business’ revenues dried up overnight. It was nearly impossible for Simeon to continue to pay, and therefore retain, his employees. That’s when he turned to BBIF, a non-profit Community Development Financial Institution (CDFI), and SBA approved lending affiliate for the Paycheck Protection Program (PPP) and applied for a PPP loan.  The approval of their PPP loan has given Simeon and his team at Kreative Kidz hope. This loan gives him the opportunity to take care of his teachers and ensure their livelihood in these uncertain times.  “I really appreciate BBIF & the SBA. Thanks to their hard work, I don’t have to worry about losing my business. The PPP loan allows me to take care of my staff,  acts as a bridge to carry us through the uncertain times, and gives us a clearer shot towards rebuilding and continuing on toward our goals.” Simeon Moulton, Owner & Operator 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 .

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 .

BBIF Client Spotlight: Kingdom Communications Kingdom Communications LLC is a small company that specializes in low voltage data communications and video surveillance installation with a client base that spans across various industries and includes companies such as the NBA, City of Orlando and the Amway Center. CEO Phylisa Dever has incorporated her strong work ethic to “do business with integrity and good character.” For over 15 years, Kingdom Communications LLC has taken pride in its commitment to develop cost-effective networks for each and every business it serves.Before the coronavirus pandemic, business was good. Dever had two major companies that kept her team busy with work that required travel across the United States. But with the spread of COVID-19, Kingdom Communications LLC saw its nationwide travel come to a halt as shelter-in-place restrictions became widespread across the nation. Being considered an essential business couldn’t protect Kingdom Communications LLC from the financial pitfalls of the pandemic. Limited demand forced Dever to reduce office staff hours as she carefully monitored the gradual depletion of cash reserves.  The COVID-19 Shut Down Puts Additional Pressure on Kingdom Communications The pandemic revealed significant economic challenges for many small business owners. Limited access to capital—whether from investments or bank loans—has been a major factor in the lack of cash reserves among this group. According to Federal Reserve data, small business owners have historically faced higher rates of loan denials from national lenders. A recent study by the University of California at Santa Cruz found that the number of small businesses dropped sharply—from 1.1 million in February 2020 to 640,000 in April. This represents a 41% decline among certain business groups, compared to a 17% decline among others. Desperate to meet payroll for her employees, Dever reached out to her bank to apply for the Paycheck Protection Program (PPP), a loan created under the CARES Act and administered by the Small Business Administration. Unfortunately, the relationship Dever cultivated through the years with her bank was not enough for her to be considered and her request for the emergency funds was never addressed. CEO of Kingdom Communications Turns to BBIF Florida to Process PPP Loan Dever, a longtime client of BBIF Florida, turned to the Community Development Financial Institution (CDFI), which specializes in helping small businesses access the capital they need to grow and reach their full economic potential. As of May 31, 2020, BBIF Florida had provided $5.4 Million in PPP loans to underserved businesses. BBIF Florida was there to guide Dever through the PPP loan application process. After successfully receiving a PPP loan, she was able to meet her payroll requirements and save five staff positions. “BBIF and the PPP loan have positively impacted my business because I was able to keep my payroll running and I didn’t have to lay anyone off. BBIF Florida really cares and tries very hard to make sure that their clients learn the skills they need to take them to the next level.” -Phylisa Dever, CEO of Kingdom Communications, LLC 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 .