TYPES OF INVESTMENTS

THAT GROW BUSINESSES

We operate in Palm Beach County and Treasure Coast Regions to Assist those clients who are in need of capital.
The BBIC will provide financial assistance to the Palm Beach County and Treasure Coast Black Business Community,
Primarily using (3) vehicles:

LOAN GUARANTEES

PBCBBIC-guaranteed loans are made by one of the PBCBBIC’s Member Banks and guaranteed up to a negotiated percent by the PBCBBIC, which helps reduce the lender's risk and helps the lender provide financing that's otherwise unavailable at reasonable terms. This means that if a black owned & controlled enterprise with a PBCBBIC guarantee cannot pay back its client loan, the PBCBBIC will be responsible for a set portion of that loan after appropriate processing.

BONDING

PBCBBIC PBCBBIC Will work with partner banks to provided Letters of Credit in the support of black owned & controlled enterprises that are required to secure bonding in order to comply with their obligations on various projects.

EQUITY INVESTMENTS

PBCBBIC will entertain occasional requests for Equity Investments that allow for early exits and are personally guaranteed by the principals of black owned & controlled enterprises. And, the PBCBBIC will only use this product when all other Capital-raising options and sources have been exhausted.

FINANCIAL TRAINING

In cooperation with other organizations, BBIC also provides training and educational
programs for Black businesses such as:

Preparation of business plans

marketing strategies

management and accounting

Operating Grant Contributor

Palm Beach County Board of County Commissioners

Copyright 2019 Palm Beach County Black Business Investment Corporation. All Rights Reserved.
2001 Broadway, Suite 210, Riviera Beach, Florida 33404
(561)-845-8055