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BBIF is honored to be one of twelve financial Institutions announcing the creation of the Veteran Loan Fund, with Bank of America as the lead capital investor. The Veteran Loan Fund is designed to address financial and business training challenges that many veterans encounter when starting or growing a small business. This fund includes a network of veteran service organizations offering technical assistance and formal business coaching, along with a group of twelve specialized capital providers. Eligible veterans benefit from free business coaching and loans with interest rates of 10% or less. “The Veteran Loan Fund will allow BBIF to continue providing access to flexible and affordable capital along with business support for veteran entrepreneurs. We look forward to expanding our commitment to veterans who have contributed greatly to our country, helping them pursue their business goals.” Duane Lewis COO of BBIF Studies show that veterans transitioning to civilian life often seek opportunities in entrepreneurship but may face difficulties in securing capital, receiving formal business training, and building a strong network. The Veteran Collaborative, now rebranded as the Veteran Loan Fund, was established in 2017 to bring together best practices for engaging and assisting veteran entrepreneurs. “The flow of capital plays a key role in opening doors for veterans,” said Dan Letendre, CDFI Lending and Investing executive at Bank of America. “By investing in the Veteran Loan Fund, we can help unlock potential among veteran entrepreneurs, driving innovation, creating jobs, and building long-term economic success in communities.” Specialized technical assistance partners include Bunker Labs, Vet Met, Vet to CEO, as well as local partnerships with Veteran Business Outreach Centers, SCORE, and SBDCs. The full list of member CDFIs in this nationwide initiative includes Access to Capital For Entrepreneurs (GA), BBIF (FL), Business Impact Northwest (WA, OR), Colorado Enterprise Fund (CO), Dream Spring (NM), ECDI (OH), Pathway Lending (TN, AL, KY), PeopleFund – managing member (TX), Pursuit – formerly Excelsior Growth Fund (NJ, NY, PA), and Wisconsin WBIC (WI). The Veteran Loan Fund’s first $15 million round is made possible by a $5 million commitment of long-term, below-market-rate lending capital from Bank of America as the lead investor, along with significant backing from other major institutions through loan capital and grants. The fund aims to grow to $100 million within five years, aligning with the estimated annual demand for capital from veteran entrepreneurs who currently do not receive funding. For more information about The Veteran Loan Fund please visit us at: https://www.vet.loan/join-us/ . 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 . Bank of America At Bank of America, our mission is to help improve financial well-being through meaningful connections. We achieve this by promoting responsible growth, supporting key economic initiatives, and contributing to the global economy. These principles are integrated across our eight business lines, helping to build trust, provide responsible products and services, and strengthen local economies. An important part of this work is forming strong partnerships with nonprofit organizations and community-focused initiatives. By bringing together expertise and resources, we help drive positive change. Learn more at   about.bankofamerica.com  and connect with us on Twitter (@BofA_News)

BBIF Awarded $25,000 to Support Financial Literacy in Communities Facing Financial Barriers ORLANDO, FL – FAIRWINDS Foundation, a nonprofit 501(c)(3) organization that serves as the philanthropic arm of FAIRWINDS Credit Union, announced the recipients of its 2022 grants at a breakfast event held at Full Sail Live attended by Orange County Mayor Jerry Demings, community leaders and twelve organizations embodying the Foundation’s core purpose of improving lives through financial well-being. We are grateful to new partners like FAIRWINDS Foundation for recognizing the importance of financial literacy in helping small business owners succeed," said Duane Lewis, COO of BBIF. "At BBIF, we know that financial literacy training and business coaching are just as valuable as the funding we provide. This grant will allow us to continue equipping entrepreneurs with the skills and resources needed to build strong, sustainable businesses. Through its grants, FAIRWINDS Foundation supports Central Florida communities facing financial challenges, including individuals experiencing homelessness, at-risk youth, and small business owners impacted by the global pandemic. In 2021, FAIRWINDS Foundation made a measurable impact, from helping Heart of Florida United Way secure $3.4 million in tax refunds for families in need to supporting Prospera USA’s efforts to help small businesses create or retain 2,400 jobs. “We are proud to support each of these organizations, and we look forward to the impact they will make in helping others achieve financial freedom through education,” said Elisha González, vice president of community relations and government affairs at FAIRWINDS and executive director of FAIRWINDS Foundation. “Through the positive impact of the causes we support, we hope to inspire financial freedom among both FAIRWINDS members and the communities we serve.” 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 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 FAIRWINDS, headed by President and CEO Larry Tobin, is headquartered in Orlando and is consistently ranked as one of the best financial institutions and employers in the region. At FAIRWINDS, we believe that financial freedom is freedom to go further – whether that means putting a child through college, retiring early or starting a new business. We are the financial partner that doesn’t want our members to have debt. FAIRWINDS empowers members to pursue and achieve their personal and business goals by offering products and services that promote healthy spending and saving habits.

BBIF has Partnered with Seacoast Bank to Support Small Businesses ORLANDO, FL. – Seacoast Banking Corporation of Florida (NASDAQ: SBCF) today announced a partnership to support BBIF, a Florida nonprofit Community Development Financial Institution. As part of this partnership, Seacoast will join the BBIF Community Development Committee and the BBIF Small Business Association Credit Underwriting Committee. This partnership reflects Seacoast’s ongoing commitment to the economic health of small businesses. “ We are grateful for our partners at Seacoast Bank and their commitment to supporting small businesses,"  said Duane Lewis, COO, BBIF. "Their dedication to our organization, not just through grant funding but also through volunteerism, reflects the kind of partnership that helps create lasting opportunities for the entrepreneurs we serve." At BBIF, we empower and support small businesses through education, training, loans, and investments, helping them achieve long-term success. Seacoast will also provide BBIF with a $60,000 grant to help fund operational expenses, allowing the organization to continue delivering valuable training and financial support to business owners. “Seacoast is a community bank in every sense of the term, and we’re committed to supporting our neighbors throughout Florida. We are constantly looking for new ways to make a meaningful impact in the communities we serve.” CHARLES SHAFFER President / CEO of Seacoast Bank As a Community Development Financial Institution, BBIF provides capital, business development, and financial technical assistance to small businesses throughout Florida, helping them grow and succeed. Since its establishment by the Florida Legislature in 1985, this well-regarded institution has issued over 1,061 loans totaling more than $81 million to small businesses that have faced challenges in accessing traditional financing. 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 Seacoast Banking Corporation of Florida (NASDAQ: SBCF) Seacoast Banking Corporation of Florida (NASDAQ: SBCF) is one of the largest community banks headquartered in Florida with approximately $9.7 billion in assets and $8.1 billion in deposits as of December 31, 2021. Seacoast provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 50 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. For more information about Seacoast, visit www.SeacoastBanking.com.

JACKSONVILLE, FL – Black Business Community Development Corporation (BBCDC), the charitable affiliate of the Black Business Investment Fund (BBIF), was recently awarded $10,000 of grant funding from TIAA Bank to support BBIF’s North Florida technical assistance program and operations. The grant dollars will support BBIF’s commitment to developing small businesses in Jacksonville and North Florida. While BBIF became a statewide loan provider in 2009, the organization increased its reach by expanding into the North Florida market with a new regional office. By establishing a local presence, BBIF is better able to support more local businesses. BBIF works with these businesses to provide simplified capital solutions and technical assistance services. Through access to a team of skilled advisors, BBIF’s clients receive the individualized growth strategies they need to scale their businesses. Since inception, BBIF has provided business owners with 414 training sessions, totaling 538 consulting hours. Through partnerships like TIAA Bank, BBIF can continue to train and support these growing businesses in North Florida. “We are appreciative of partners like TIAA Bank who join us to uplift small businesses in North Florida through their support. After being in the community for 8 years, I see how essential financial literacy education services are for businesses, and this grant will help us provide the education and training necessary to help these businesses sustain long-term growth.” CALEENA SHIRLEY BBIF, North Florida Regional Director About BBCDC 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 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 .

ORLANDO, FL – The Veteran Loan Fund announced that it has raised $15 million in support of veteran-owned businesses, including seed funding from Wells Fargo. The Veteran Loan Fund is a collaborative effort by a national network of Specialized Service Organizations and Community Development Financial Institutions (CDFIs) focused on providing affordable capital and technical assistance to Veteran entrepreneurs with limited access to traditional funding. “We are honored to be a part of the Veteran Loan Fund. Veterans have sacrificed so much for this country,” said Duane Lewis, COO of BBIF. “It brings me joy that BBIF can be there to support them on their entrepreneurial journey, providing them with the access to capital and business training they need to scale and grow their business.” Lack of access to capital, formal business training or a network of peers are often roadblocks for Veterans who aim to attain financial independence through entrepreneurship. The goal of the Veteran Loan Fund is to fill this gap. Veterans receiving loans from this program benefit from free access to a national network of business coaches and loans with low-interest rates. National technical assistance partners include Bunker Labs, Vet Met and Vet to CEO. Local partners include Veteran Business Outreach Centers, SCORE and SBDCs. Black Business Investment Fund (FLA) is thrilled to be one of the capital providers (CDFIs) which include Access to Capital For Entrepreneurs (GA), Black Business Investment Fund (FLA), Business Impact Northwest (WA, OR), Colorado Enterprise Fund (CO), Dream Spring (NM), Economic and Community Development Institute (OH), Pathway Lending (TN, AL, KY), PeopleFund – managing member (TX), Pursuit – formerly Excelsior Growth Fund (NJ, NY, PA), and Wisconsin Women Business Initiative Corporation (WI). Wells Fargo’s support for the Veteran Loan Fund includes a $3.5 million investment and a $1.5 million grant, enabling CDFIs to offer affordable loans to eligible veterans and ensure the fund’s sustainability. Since the launch of the fund, member CDFIs have deployed more than $10.5 million in loans, creating more than 500 jobs and providing 2,200 hours of free technical assistance. The estimated annual demand for capital from Veteran entrepreneurs that do not receive any kind of funding for their businesses is $100 million. The Veteran Loan Fund plans to close this gap within five years. “ Entrepreneurship can be a very satisfying career path as people transition out of the military, but veterans need more access to capital and expertise to operationalize their business plans,” said Jenny Flores, head of small business growth philanthropy at Wells Fargo. “We support the Veteran Loan Fund’s vision for a more inclusive economy and are proud to offer seed funding for this national effort to boost veteran-owned businesses.” For more information, please visit https://www.veteranloanfund.com 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 .

Sweet Home Missionary Baptist Church (MBC) was founded in 1952 in a community located in Miami, Florida. The church focuses on building up the local community through service initiatives, such as food distribution for the local community, affordable after-school care, and job and housing programs. At the height of the COVID-19 pandemic, Sweet Home experienced a significant shift in how it would proceed with its daily operations. Due to safety precautions, the team felt it would be best to switch to a virtual service.  Though Sweet Home was no longer providing public church services, it still had a team working to fulfill its service programs. For example, during the pandemic’s peak, Sweet Home Missionary Baptist Church’s team provided 1,000 meals per week to the local community.  Like many managers Olivia Carey, Executive Pastor at Sweet Home MBC, did not want to lay off any staff members. Pastor Carey’s brother-in-law recommended connecting with BBIF. Once connected to BBIF, Pastor Carey began attending each BBIF COVID-19 Navigation Webinar. She learned that Sweet Home MBC would qualify for a Paycheck Protection Program (PPP) loan through attendance. PPP Loans were issued by the Small Business Administration (SBA) to help small business owners and non-profits have the capital necessary to keep their staff employed.  In the past, Sweet Home MBC applied for loans directly through the SBA. Pastor Carey described the process to be very cumbersome and paper-driven. While working with BBIF, her experience was one of ease. Sweet Home MBC received a PPP Loan in May of 2020. With the funds, they could keep all full-time and part-time employees on the payroll. “Working with BBIF was a fluid process. They walked me through the application process and answered all my questions. There were no hiccups, it was a seamless process. The support we received from the BBIF enabled us to pivot to virtual services for our congregation and continue to provide social services to the community.” Olivia Carey, Pastor 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 will support business owners to improve jobs while strengthening their businesses ORLANDO, FL – BBIF announced its selection for Aspen Institute’s Economic Opportunities partnership in Shared Success: scaling financial intermediary strategies to advance job quality, equity, and small business prosperity . This innovative pilot program, supported by the Bill & Melinda Gates Foundation, will focus on advancing job quality among small- and medium-sized businesses.From stagnant wages to limited access to benefits, low job quality affects millions of workers across the U.S., creating financial challenges for many. Nearly 60% of low-wage workers work at businesses with fewer than 100 employees, including the 35% of low-wage workers at micro-businesses with fewer than 10 employees. Improving job quality for low-wage workers requires a focus on small businesses. CDFIs and financial intermediaries can help improve the lives of low-wage workers by centering job quality in their financing and advising. CDFI grantees will integrate job quality into their financing and advising services to support and incentivize small- and medium-sized businesses to improve job quality in areas including worker compensation, advancement, employee satisfaction, basic benefits, incentives, and wealth building. BBIF is dedicated to providing business owners with the mentorship and training needed to have a successful business, which includes ensuring that their employees have high-quality positions . Through the initiatives of the organization’s skilled advisors, BBIF’s clients receive the individualized growth strategies they need to scale their businesses. Joining the CDFI grantees, the Economic Opportunities Program, and the Bill & Melinda Gates Foundation in this collaborative effort are key partners U.S. Bancorp Community Development Corporation (USBCDC) and Pacific Community Ventures (PCV). USBCDC, the community development and tax credit subsidiary of U.S. Bank, will provide CDFI partners with an opportunity to apply for capital investments; PCV will leverage its existing expertise in good jobs business advising to support CDFIs in strengthening their practices. “At BBIF we are continuously looking for ways to support small businesses for long term gains,” said Duane Lewis, COO, BBIF. “Having business owners think critically about job quality and how they can invest in their employees will make a difference in the business’s success. We are looking forward to this partnership with Aspen Institute and the impact the initiative will have for local communities.” DUANE LEWIS COO, BBIF “This is a critical undertaking to meaningfully improve jobs in a way that benefits both workers and business owners. Most business owners recognize the value of their employees, but need information, incentives, and tools to improve job quality,” said Maureen Conway, vice president at the Aspen Institute and executive director of the Institute’s Economic Opportunities Program. “We are pleased to partner with these CDFIs who share our values and are well-positioned to help small businesses seize opportunities for job quality improvements in the short term and ultimately drive structural changes for a stronger and more resilient economy.” By integrating job quality-related services into their existing operating and financial models and demonstrating the impact of CDFIs in improving job quality, these CDFI partners will help establish job quality as a key driver of economic mobility and long-term business success. In the long term, Shared Success aims to raise the floor for workers across the US small business ecosystem by demonstrating that small business owners can feasibly enhance job quality in ways that strengthen business resilience and worker wellbeing and by developing the capacities, products, and practices of financial institutions to facilitate job quality improvements. ### 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 .

ORLANDO, FL – BBIF is incredibly grateful to have been selected by the U.S. Department of the Treasury’s Community Development Financial Institution ( CDFI Fund) to receive an award of $560,000! We were among 252 ( Community Development Financial Institution) CDFIs to receive $194.1 million in Financial Assistance (FA) awards. This generous contribution will help us to substantially increase our lending and investment activities in smaller neighborhoods and communities. “This investment from the Fund allows for BBIF to continue its intentional work of funding and developing small businesses in our region,” said Inez Long, BBIF President/CEO. “With this injection of equity, BBIF’s capacity is enhanced — providing greater access to patient and flexible capital, creating jobs, and empowering communities throughout Florida.” CDFIs can apply for Financial Assistance (Base-FA) awards of up to $1 million, which can be used for lending capital, loan loss reserves, capital reserves, financial services, and development services. To qualify for Base-FA funding, CDFIs must match the award with funds from a non-federal source in order to sustain and expand their financial products and services. These awards must also help achieve at least one of the FA objectives: Increase volume of products or services Provide new products or services Expand operations into new geographic areas Service new targeted populations To view the FY 2022 CDFI Program award book, click here. 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 CDFI Fund Since its creation in 1994, the CDFI Fund has awarded nearly $5.7 billion to CDFIs, community development organizations, and financial institutions through: the Bank Enterprise Award Program; the Capital Magnet Fund; the CDFI Rapid Response Program; the Community Development Financial Institutions Program, including the Healthy Food Financing Initiative; the Economic Mobility Corps; the Financial Education and Counseling Pilot Program; and the Native American CDFI Assistance Program. In addition, the CDFI Fund has allocated $71 billion in tax credit allocation authority to Community Development Entities through the New Markets Tax Credit Program, and closed guaranteed bonds for more than $2.1 billion through the CDFI Bond Guarantee Program. To learn more about the CDFI Fund and its programs, please visit the CDFI Fund’s website at www.cdfifund.gov .

BBIF receives $3.5M to boost lending and investment activities in underbanked communities ORLANDO, FL – April 12, 2023 On April 10, 2023, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions (CDFIs) across the country through the CDFI ERP . BBIF has been awarded $3.5 million. The allocation of these funds will enhance our organization’s capacity to support low- and moderate-income communities in recovering from the economic impact of the COVID-19 pandemic, while also promoting long-term economic prosperity. “In the face of the economic uncertainty caused by the COVID-19 pandemic, small business owners have been placed in an extremely vulnerable position,” said BBIF President/CEO Inez Long. “Receiving this grant from the CDFI Fund is a significant step forward in helping us to address the needs of these business owners and support their economic recovery. We are thrilled about the opportunities this grant will create for our organization and the positive impact it will have on the communities we serve.” The ERP is a grant program that aims to boost the lending, investment, and grant-making activities of CDFIs in low or moderate-income communities. These communities have significant financial needs and have been disproportionately affected by the economic fallout from the COVID-19 pandemic. Through this program, CDFIs can acquire the resources they need to expand their organizational capacity, including technology, staff, and other tools that are essential to achieving their objectives. By participating in the ERP, CDFIs can better serve these communities, help bridge the gap in unmet capital and financial services needs, and aid in the overall economic recovery of these areas. The CDFI ERP is part of a comprehensive range of federal investments that aim to increase access to capital in communities facing barriers to full financial inclusion. Other programs in this suite include the State Small Business Credit Initiative, Emergency Capital Investment Program, and the CDFI Rapid Response Program, which BBIF received an award of $1.28 million from in 2021. Through this program, BBIF played a pivotal role in supporting economic development and access to capital, helping to bridge the financial gap in underserved communities and promote financial inclusion. 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 1,185 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 .

FAIRWINDS Foundation Awards $30,000 Grant to BBIF to Empower Small Businesses through Financial Literacy Education ORLANDO, FL (March 7, 2023) – FAIRWINDS Foundation, a nonprofit 501(c)(3) organization that serves as the philanthropic arm of FAIRWINDS Credit Union, announced the recipients of its 2023 grants at a breakfast event held at Full Sail Live attended by community leaders and twelve organizations embodying the Foundation’s core purpose of improving lives through financial well-being. By way of charitable affiliate BBCDC, BBIF was awarded $30,000 from FAIRWINDS Foundation. The grant will help support BBIF’s efforts to empower small businesses through financial literacy education.  “We are excited to continue our partnership with FAIRWINDS Foundation,” said Inez Long, President/ CEO of BBIF. “We know from experience that financial literacy training and business coaching are just as critical as access to capital when it comes to building and sustaining successful enterprises. This grant will enable us to continue providing essential skills and resources to business owners.” In 2022, with the support of the FAIRWINDS Foundation, BBIF launched its Financial Literacy Workshop Series. Led by BBIF’s Small Business Consultant, Karlon Johnson, the series offers essential financial literacy tips for personal and business finances, including personal credit, managing debt, debt payoff strategies, building a financial future/plan, financial management and managing cash flow. Over the year, more than 250 individuals attended the workshops, receiving positive feedback from attendees. The program underscores the importance of financial literacy education in supporting the growth and success of small businesses. This new grant from FAIRWINDS Foundation will enable BBIF to continue providing this crucial resource to small businesses in Central Florida “We believe that when families and individuals have the information and tools needed to secure and improve their financial health, we collectively impact and improve our community’s economic well-being,” said Elisha González, vice president of community relations and government affairs at FAIRWINDS and executive director of FAIRWINDS Foundation. “These non-profits are conducting incredible work to advance financial literacy and shepherding our communities to experience financial freedom and reach broad-based prosperity.” 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 FAIRWINDS , headed by President and CEO Larry Tobin, is headquartered in Orlando and is consistently ranked as one of the best financial institutions and employers in the region. At FAIRWINDS , we believe that financial freedom is freedom to go further – whether that means putting a child through college, retiring early or starting a new business. We are the financial partner that doesn’t want our members to have debt. FAIRWINDS empowers members to pursue and achieve their personal and business goals by offering products and services that promote healthy spending and saving habits. About BBCDC 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 1,185 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 .

Celebrating a Partnership that Empowers Communities In the ever-evolving landscape of community development and financial assistance, partnerships that foster growth and offer support to the business community is invaluable. Today, we shine our partner spotlight on an exemplary collaboration between Truist and BBIF, showcasing a journey of dedication, support, and impactful results. Truist: A Pillar of Support Since Inception Truist, a major U.S. commercial bank with a profound commitment to building better lives and communities, has been a steadfast supporter of BBIF since its inception. The corporation has provided grants that are critical in establishing lending funds, educational resources, and training services tailored for small businesses across Florida. The Truist Foundation, renowned for its mission to support nonprofit organizations in their initiatives to enhance economic mobility, plays a crucial role in BBIF's efforts to reach small businesses lacking access to traditional lending markets. You can learn more about the foundation's work and principles at their   website . Guiding our Collaborative Success: Tammy Paycer At the helm of this partnership from Truist's side is Tammy Paycer, Senior Vice President and Regional Community Development Manager for Central and North Florida. Paycer has been with Truist (previously SunTrust) since 1998, taking on her current role in 2015 where she oversees the implementation and execution of Community Reinvestment Act (CRA) strategies and community development engagement activities. A veteran in the banking industry since 1994, Paycer's vast experience and passion for community work shine through her involvement with multiple community boards and committees, including the Florida Housing Coalition Advisory Council and the Black Business Investment Fund Community Development Committee. As a key figure in fostering the partnership between Truist and BBIF, Paycer provides deep insights into the strategic importance of this alliance. Below, she answers several questions that illuminate the nature of Truist's commitment and the envisioned impacts of their collaborative efforts. Q&A with Tammy Paycer What does investing with BBIF mean to you?   Paycer:  Truist has supported BBIF since the organization’s inception and it has been a privilege to provide Truist Foundation and Truist Charitable Fund grants that help expand BBIF’s work to establish lending funds, educational resources, and training services for small businesses across Florida.   What motivates you to invest in BBIF? Paycer:  BBIF shares our vision to support underbanked communities and is the leading Community Development Financial Institution (CDFI) in Florida with a proven track record of helping diverse-owned small businesses for over 30 years.    What outcomes/impact do you hope to see from your investment in BBIF?   Paycer: We hope our investment helps expand BBIF’s support and services to small businesses that haven’t had access to the traditional lending market in the past.   Why was it important for Truist to invest in financial literacy education (with BBIF)?   Paycer: At Truist, our purpose is to inspire and build better lives and communities and one of the ways we do this is by supporting community organizations that provide small businesses access to guidance and tools through financial education programs and initiatives. A Future Built on Shared Values The partnership between Truist and BBIF is more than just financial; it's a shared commitment to empower and uplift, ensuring that small businesses not only survive but thrive. This collaboration stands as a beacon of hope and a testament to the power of united visions in creating substantial, lasting impact in the community. 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 1,185 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 .

It is with profound sadness that we share the news of the sudden passing of our President and CEO, Inez Long.  She passed away suddenly on June 29, 2024.  Inez was a visionary leader who dedicated her life to the growth and success of BBIF. She led with passion, integrity, and a steadfast commitment to innovation and excellence. Under her leadership for over 30 years, BBIF has achieved numerous milestones and expanded its impact across the industry. "Our hearts are heavy with the loss of Inez, our beloved Madame President," said BBIF Board Chair Jacqueline Barr.  "We are grateful for her extraordinary contributions and leadership. Our thoughts and prayers are with her family during this difficult time." The Board of Directors will appoint an interim CEO to ensure a smooth transition and maintain the company’s operations without interruption. Further details will be shared in the coming days. We ask for respect and privacy for Inez’s family as they navigate this tragic loss.  Our offices are closed today, Monday July 1st. During this adjustment period, our team may have limited accessibility. We appreciate your understanding and patience as we manage through this transition. Thank you for your understanding and support during this difficult time. - The BBIF Team