Business Details
39 Years
experience
Community Development Loans for Small Businesses in Tampa Bay
The Tampa Bay BBIC (TBBBIC) is a U.S. Treasury certified Community Development Entity (CDE) dedicated to fostering long-term growth for small businesses through strategic funding and resources. Established in 1987 as a nonprofit, we initially focused on supporting African-American entrepreneurs but now serve businesses of all ethnic backgrounds. Our expertise spans direct loans, loan guarantees, contractor loans, and procurement programs, with over $20 million in loans issued since inception. We provide underwriting, financial analysis, technical assistance, and site visitsservices often cost-prohibitive for traditional banks. Our team combines decades of experience in financial leadership, community development, and minority business advocacy.We prioritize partnerships that amplify our impact, enabling businesses to secure capital for equipment, working capital, real estate, and expansion. With offices in Tampa and St. Petersburg, we serve the entire Tampa Bay region, offering tailored guidance to navigate funding challenges. Our commitment to transparency, ethical practices, and client-centric solutions has earned us trust as a reliable partner for small businesses. By bridging gaps in access to capital, we empower entrepreneurs to scale operations, create jobs, and contribute to regional economic vitality. Our track record of successful client stories, including national franchising expansions, underscores our authority in community-driven financial development.
Services
Direct Loans
Loan Guarantees
Contractor Loans
Procurement Loans
Technical Assistance
Details
- Year established: 1987
Highlights and features
- We have provided over $20 million in loans to small businesses since 1987.
- Our team offers tailored technical assistance and underwriting services.
- We serve entrepreneurs of all ethnic backgrounds with inclusive funding programs.
- We specialize in direct loans with competitive rates and no early payment penalties.
- Our partnerships enhance loan accessibility for underserved market segments.
Associations and certifications
- U.S. Treasury certified Community Development Entity (CDE)
What people say
Funding we needed
Guidance as we expand
Professional, knowledgeable
Financial and networking resources
Services
Direct Loans
Direct Loans provide immediate capital for equipment purchases, working capital, and real estate investments. Our streamlined process eliminates third-party involvement, offering competitive rates and flexible terms. Clients benefit from personalized underwriting and financial analysis tailored to their business needs.
Loan Guarantees
Loan Guarantees reduce risk for lenders while expanding access to capital for small businesses. We partner with financial institutions to secure favorable terms, ensuring entrepreneurs receive necessary funding even with limited collateral or credit history.
Contractor Loans
Contractor Loans support construction and infrastructure projects through phased disbursements tied to project milestones. Our expertise ensures compliance with regulatory standards while maintaining cash flow for contractors and subcontractors.
Procurement Loans
Procurement Loans finance critical equipment acquisitions, enabling businesses to fulfill large contracts. These loans include structured repayment plans aligned with project timelines and revenue cycles for operational stability.
Technical Assistance
Technical Assistance includes financial statement analysis, business plan development, and loan package preparation. Our consultants provide hands-on guidance to strengthen applications and improve long-term financial management practices.
People
Albert Lee
Board of Directors
Albert Lee brings decades of community leadership experience to TBBBIC's board, focusing on equitable economic development and minority business advocacy across Florida.
Monte Trammer
Board Member
Monte Trammer contributes expertise in financial strategy and nonprofit governance, ensuring TBBBIC maintains fiscal responsibility while expanding its impact on small businesses.
Larry C. Whiting
Board Member
Larry C. Whiting specializes in urban development initiatives, guiding TBBBIC's efforts to create sustainable growth opportunities in underserved Tampa Bay communities.
Eric Sharpe
Board Member
Eric Sharpe offers extensive experience in public-private partnerships, strengthening TBBBIC's collaborations with local governments and corporate stakeholders to enhance loan programs.
Questions
What loan programs does TBBBIC offer?
We provide Direct Loans, Loan Guarantees, Contractor Loans, and Procurement Loan Programs tailored to small business needs in the Tampa Bay area.
How do I apply for a TBBBIC loan?
Start by completing our preliminary client information form, then download and submit the Direct Loan Application via email for initial consultation.
Are there early repayment penalties?
No, TBBBIC loans have no early payment penalties, allowing businesses to repay at their convenience without additional fees.
Which areas does TBBBIC serve?
We primarily serve Hillsborough and Pinellas Counties, supporting small businesses across the broader Tampa Bay region.
What technical assistance is available?
Our consultants offer financial analysis, business plan guidance, and loan package preparation to strengthen applications and long-term success.