Organizational Overview ORGANIZATIONAL BACKGROUND INFORMATION: - - PowerPoint PPT Presentation

Organizational Overview

ORGANIZATIONAL BACKGROUND INFORMATION:

BBIF Florida is an Community Development Financial Institution (CDFI), private non- profit loan fund that specializes in providing loans and financial technical assistance services to Black, minority and underserved small businesses throughout Florida.

• Created out of Florida Statue 288.7; part of the 1985 Florida Small and Minority Business Act. The
• rganization is Certified as a Black Business Investment Corporation (BBIC) by the State of Florida.

Our Approach…

OUR HOLISTIC APPROACH

What we do…

ACCESS SS TO CAP CAPIT ITAL AL

FINANIC NICAL L TECHNIC NICAL L ASSIS ISTANCE NCE SERVICE ICES

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Core Services

ACCESS TO CAPITAL

BBIF administers five distinct loan funds.

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ACCESS TO CAPITAL

Use of Funds:

 Business line of credit  Contract financing  Accounts receivable financing  Working Capital  Equipment

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ACCESS TO CAPITAL

Underwriting/Loan Considerations: The BBIF considers the following 6 C’s of Credit as a means to prudent lending:

• Character Analysis: Are the owners and all key employees of sound character? What

are the personal and business credit histories?

• Capacity: Does the applicant generate enough cash flow to make current and

proposed loan payments? Does the management team have the experience to successfully run the business?

• Capital: Do key owners have adequate money invested in the business?
• Collateral: Does the applicant have sufficient business and/ or personal assets to

contribute?

• Conditions: What are the economic factors/ conditions that drive and have an effect
• n the business?
• Commitment: Do the owners have the will to succeed and/ or have they exhibited

past successful experiences to base future expectations?

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FINANICIAL TECHNICAL ASSISTACE SERVICES

Financial Technical Assistance Program

• Business Owners Roundtable

– Intense management capacity training – Baseline Assessment – GAP Analysis – Action Plan

• Roundtables are facilitated in two ways:

 One-on-One Format  Group Format – CPA – Business Strategist – Loan Officer – Technical Assistance Officer – Other: Marketing, Legal and Management Consultants

• One on One Counseling
• Orientations

Signature Events

• Business Networking Event (BBQ)
• Business Opportunity Symposium Series (BOSS Events)
• Haram bee Celebration
• Central Florida Black Business Day

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Thank You!

Lamont Jackson Business Technical Assistance & Training Officer

Capital Plaza Two 301 East Pine Street, Suite 175 Orlando, FL 32801 P: 407.649.4780 F:407.648.8688 Web: www.bbifflorida.com