|
Organization |
Description |
Type |
$ Limit |
|
ACCION USA |
ACCION USA
provides Mciro-loan financing to small
businesses (often minority and women owned
businesses). They provide funding in the amount
of $500 to $50,000 to small businesses who
otherwise could not obtain financing from a bank
due to
business type, a short length of time in
business, or an insufficient credit history.
Loans include Business Loan (up to $50,000);
Start-up Loan (up to $30,000) and Transition
Business Loan (up to $30,000). Terms include up
to 60 months repayment period with interest rate
ranging from 8.99% to 15.99% and a 3% to 5%
closing cost. |
Micro-Loan |
$500 -
$50,000 |
|
Black Business Loan Fund (BBLF) |
The Black
Business Loan Fund (BBLF) provides business
loans to established Black owned businesses
located in Orange, Seminole, Osceola, and Lake
counties. Offers two types of loans Direct
Loans and Loan Guarantees up to $100,000. The
business must be in existence for at least 2
years.
|
Loan |
Up to
$100,000 |
|
Business Consortium Fund (BCF) |
The Business
Consortium Fund, Inc. (BCF), is a non-profit
business development program of the National
Minority Supplier Development Council.
Dedicated to providing minority small business
funding. |
Loan |
|
|
Diamond Ventures |
Diamond
Ventures is a Venture Capital Firm that is based
in Atlanta, GA. Their focus is in financing and
developing relationship opportunities with
minority or women firms that are involved in
government contracting, and diversity suppliers
to the Fortune 500 Companies. |
Venture |
|
|
Dream It Ventures |
Dreamit
Ventures and Comcast interactive Capital team up
to run the Minority Entrepreneur Accelerator
Program (MEAP). The aim of the program is to
finance and mentor start up minority companies
to grow. They provide up to $25,000 in
financing. Currently the program is offered in
New York and New Jersey. |
Loan |
Up to
$25,000 |
|
First Coast Black Business
Investment Corporation
|
The FCBBIC
enables black businesses to obtain financial
assistance from participating banks for which
they may not otherwise qualify. Offers direct
loans and loan guarantees. |
Loan |
|
|
Florida Black Business Investment
Board |
Black
entrepreneurs and business owners in Florida are
provided financing (direct loans and loan
guarantees) through FBBIB’s network of financing
partners called black business investment
corporations (BBICs). Loans can be used for
equipment or inventory
purchases, business acquisitions, franchise
acquisition, real estate acquisition for
business purposes, contract financing, working
capital lines of credit, etc. |
Loan |
|
|
Monroe Capital |
A venture
capital company that invest in minority and
women owned businesses with an income of at
least $3 million. Invest in companies that are
in a broad range of industries. Money can be
used for re-capitalization, refinancing,
acquisition and expansion. |
Venture |
|
|
National Minority Business
Council (NMBC) |
Offers
equity financing to small minority and women
owned businesses in the range of $2 million to
$10 million. However, your organization must
have at least $3,000,000 in revenues and must
have been profitable in the past year. |
Loan |
$2 million
- $10 million |
|
Palm Beach County Black Business
Investment Corp. |
Provides
micro loans to black owned businesses in the
State of Florida via loan guarantees, bonding or
equity financing. |
Micro-Loan |
|
|
Phenomenelle AngelFunds |
An early
stage fund that invests in women and minority
owned or managed businesses in Wisconsin and the
Midwest. Their focus is in Information
Technology, BioTechnology/Life Sciences, Clean
Technology, Consumer Goods/Services and
Communications. |
Angel |
|
|
The Black Business Investment
Corp (TBBIC) |
Provides
financing to African American businesses.
Offers Direct Loan, Micro Loan and Enterprise
Loans that range from $5,000 to $75,000. Loans
can be used for working capital to equipment
purchase. Loans are made to businesses in
Florida in Hillsborough and Pinellas counties,
and St. Petersburg. |
Loan |
$5,000 to
$75,000 |
|
Union Bank |
Offers "Business Diversity Lending Loan" specifically
designed to assist woman-, minority-, and/or veteran-owned
businesses with their financing needs. |
Loans |
$2.5 million |
|
Urban Ventures |
Focus on
early stage and expansion stage financing of
minority technology companies. They participate
in the nurturing and developing of the company. |
Angel |
|
|
USDA Minority and Farmers & Ranchers Targeted
Loan Program |
The USDA
targeted loan fund is geared towards women,
African-Americans, Alaskan Natives, American
Indians, Hispanics, Asians, Native Hawaiians and
Pacific Islanders. |
Loan |
|
|
Wells Fargo African American
Small Business Loans |
Provides
loans in the amount of $100,000 and above as a
lump sum or revolving credit. Use for on going
operations, buy real estate or to buy
equipment. Up to 5 years repayment plans. Most
do not require collateral. |
Loan |
$10,000 |
