Over the past 30 years, The BBIC has provided business loans, bonding, equity capital, developing job opportunities and other services to businesses owned by black citizens.
Tangible Impact
31.8 M TOTAL LOANS THROUGH 2018
3.4 K TOTAL JOBS CREATED
70 K AVERAGE LOAN AMOUNT 2018
LOANS MADE BY LOCATION
West Palm Beach
50%
South County
36%
Riviera Beach
13%
Lake Park
0.5%
Treasure Coast
0.5%
LOANS MADE BY INDUSTRY
Services
75%
Construction
14%
Medical
8%
Retail
2%
Food
1%
History & Overview
Average Loan Amount in 2018
$70,000
Total jobs created or retained
3263
Total Loan Guarantees through 2018
$31,845,160
Total Loans in our first year (1988)
$197,000
Received first Loan application
January 1988
Office officials opened
December 1987
Obtained $500,000 investment from FBBIB
October 1987
Reached goal of $500,000 investment
October 1987
Applied for FBBIB investment
July 31, 1987
PBCBBIC Incorporated (501 C 4 Non-profit)
July 31, 1987
PBCBBIC first meeting
April 22, 1987
Copyright 2019 Black Business Investment Corporation. All Rights Reserved.
2001 Broadway, Suite 210, Riviera Beach, Florida 33404 (561)-845-8055