Palm Beach County Black Business Investment

What Palm Beach County Black Business Investment does

Black Business Investment Corporation (BBIC), operating as Palm Beach County Black Business Investment Corporation, is a U.S. Department of the Treasury-certified Community Development Financial Institution (CDFI) headquartered at 380 Columbia Drive, Suite 100, West Palm Beach, Florida. Founded in 1987, the company provides loan processing, educational programs, bonding, and equity investment services to Black-owned businesses across Palm Beach County and the Treasure Coast Region. Its mission is to expand the participation of Black business enterprises in the regional economy by creating a perpetual flow of capital for their growth.

BBIC's core offering is a three-tier loan portfolio: the Launch Fund ($5,000–$25,000) for start-ups under 18 months in operation, the Growth Fund ($25,000–$50,000) for established businesses generating revenue for 18+ months, and the Impact Fund ($50,000–$100,000+, maximum loan $250,000) for mature businesses generating revenue for 3+ years. Interest rates, fees, and repayment terms are not publicly disclosed and are quote-based. The organization operates a community-anchored direct-origination lending model without proprietary technology; its website and online application intake (go.inclusifi.org/get-started/) are co-developed with the Inclusifi platform, which also hosts BBIC's About, Services, Workshops, and Contact pages.

BBIC's revenue mechanics derive from interest income and fees on deployed loan capital, which is sourced from a partnership network of 12+ financial institutions (Bank of America, JPMorgan Chase, Truist, Comerica, Valley National, Seacoast, Fifth Third, BankUnited, FineMark, Third Federal, Anchor Bank, SSB) and FloridaCommerce (State of Florida). The organization is small (1–10 employees) and receives additional capital from federal CDFI Fund programs, including a disclosed $500,000 award on April 10, 2023. Borrower acquisition is driven by community workshops, the company website, and in-person consultations at the West Palm Beach office, with no paid digital advertising or third-party broker channels.

Name

Palm Beach County Black Business Investment

Legal name

Black Business Investment Corporation

Website

https://pbcbbic.biz

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

Palm Beach County Black Business Investment Corporation (BBIC) is a U.S. Treasury-certified CDFI founded in 1987 that provides tiered loans ($5K–$250K), educational programs, bonding, and equity investment to Black-owned businesses across Palm Beach County and the Treasure Coast Region of Florida.

Ownership category

akta.pro rank

Product category

Community Development Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Nondepository Credit Intermediation (5222)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

SME Term Loans & Growth Capital (FSAKAGAB)

Keywords

• Community development lending
• Small business loans
• CDFI financial services
• Minority business funding
• Business development programs

Headquarters

HQ city

West Palm Beach

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Loan interest and principal repayments: As a CDFI, BBIC's primary revenue stream is interest income and fees earned on capital deployed via three loan funds (Launch Fund $5K-$25K, Growth Fund $25K-$50K, Impact Fund $50K-$100K+, max loan $250,000) to Black-owned businesses. This is a lending-based, recurring revenue stream backed by principal repayments over the life of each loan.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

BBIC provides tiered small business loans through three CDFI-certified funds (Launch, Growth, Impact) to Black-owned businesses in Palm Beach County and the Treasure Coast Region, ranging from $5,000 start-up financing to $250,000 impact-stage loans. The organization also delivers complementary community workshops and educational programming to support borrower pipeline development. Loan capital is sourced from partner financial institutions and deployed directly to borrowers via online application intake.

Product overview

Black Business Investment Corporation (BBIC) is a single unified CDFI-certified lender offering a tiered portfolio of three capital products for Black-owned businesses in the Palm Beach County and Treasure Coast regions. The portfolio is structured as three progressively sized loan vehicles: the Launch Fund ($5K–$25K for businesses under 18 months), the Growth Fund ($25K–$50K for businesses generating revenue 18+ months), and the Impact Fund ($50K–$100K+, up to $250K maximum, for businesses operating 3+ years), which together provide a perpetual flow of capital and wraparound support to develop existing Black-owned enterprises, support the formation of new ones, and foster employment within the Black community.

Differentiator

Problem solved

Functional benefit

Products and services

• Launch Fund BBIC's entry-level capital product providing $5,000 to $25,000 in loans to start-up and newly established Black-owned businesses that have been in operation for less than 18 months in Palm Beach County and the Treasure Coast regions. Targeted at borrowers who lack access to mainstream start-up financing.
• Growth Fund BBIC's mid-tier capital product providing $25,000 to $50,000 in loans to established or growing Black-owned small businesses that have been generating revenue for 18+ months in Palm Beach County and the Treasure Coast regions. Designed for businesses that have moved beyond the start-up phase and need growth capital for expansion.
• Impact Fund BBIC's largest capital product providing $50,000 to $100,000+ (maximum loan $250,000, with requests above $100,000 considered case-by-case) to established or growing Black-owned businesses that have been generating revenue for 3+ years in Palm Beach County and the Treasure Coast regions. Targeted at mature enterprises seeking larger-impact, longer-term capital that mainstream banks are unwilling to provide.

Quantifiable outcome

• Maximum Impact Fund loan of $250,000 available to qualifying mature Black-owned businesses
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• InclusificoreStrategic or Co-development PartnerBBIC's website (pbcbbic.org) and online application URL (go.inclusifi.org/get-started/) are operated through the Inclusifi platform (inclusifi.org), which hosts BBIC's About Us, Services, Workshops, Contact, and individual Fund detail pages. This indicates a co-developed digital infrastructure and brand partnership.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LiftFund: Texas-headquartered CDFI providing small-dollar loans and support to minority and underserved entrepreneurs. Closely comparable mission and tiered small-business loan structure to BBIC, serving a similar community-development lending niche.
• CDC Small Business Finance: California-based CDFI offering SBA and direct small-business loans to underserved borrowers including minority-owned businesses. Comparable CDFI-certified status, mission focus, and tiered loan product set, though at materially larger scale.
• Accion: National nonprofit CDFI providing micro and small-business loans to underserved entrepreneurs, with a strong focus on minority and women-owned businesses. Directly comparable in mission, borrower profile, and direct-origination lending model.
• Grameen America: U.S. microfinance nonprofit providing small-dollar loans to low-income entrepreneurs, predominantly women and minority borrowers. Comparable in tiered, character-based, mission-driven lending to underserved business owners.
• Working Solutions CDFI: San Francisco-based CDFI providing microloans and small-business loans to underserved entrepreneurs, including minority-owned businesses. Closely comparable mission, CDFI certification, and small-dollar direct-origination model.
• Opportunity Fund (now DreamSpring): CDFI providing small-dollar loans and financial coaching to small business owners historically excluded from traditional banking, with an explicit focus on minority, women, and immigrant entrepreneurs. Directly comparable mission and tiered small-business loan model.

Broad incumbents

• Community Reinvestment Fund (CRF): National CDFI and loan intermediary that finances other CDFIs and small-business lenders. Comparable as a CDFI-certified peer but operates at much larger scale and does not focus specifically on Black-owned businesses.
• Capital Impact Partners: National CDFI providing capital and capacity-building to underserved communities and mission-driven businesses. Comparable as a CDFI-certified community development lender but at significantly larger scale and broader geographic reach than BBIC.

Regional players

• Florida Community Loan Fund: Florida-based CDFI providing loans and technical assistance to nonprofits, affordable housing developers, and small businesses across the state. Comparable as a Florida-headquartered CDFI serving similar underserved populations and partnering with FloridaCommerce.

Others

• Inclusifi: Digital platform that hosts BBIC's website, loan product pages, workshops, and online application intake. Directly comparable as BBIC's co-developed technology and brand partner — a strategic enabler rather than a competitor.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/pbcbbic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palm Beach County Black Business Investment