SERVICES

Loan Products and Other Business Services

Loan Product and Other Business ServiceBrief Description

BAC Funding Corporation provides four (4) deployment strategies of capital resources to serve African-American owned businesses that have been established for a minimum of three (3) years in South Florida.

The investment and loan program is poised to provide capital ranging from $25,000 to $300,000 for many underserved businesses that do not have access to commercial banks or other typical forms of financing while simultaneously offering competitive forms of financing geared towards attracting lucrative projects. BAC can accomplish this by providing four (4) separate forms of loan and investment programs: 1) Merchant Banking Fund 2) Risk Capital Fund for infrastructure and business expansion 3) Guaranty Fund and 4) Equity Investments for projects tied to revitalization of South Florida’s neighborhoods.

Merchant Banking Fund

Short-Term (1 year) funds in the form of revolving credit lines for

  • Inventory
  • Contract Receivables
  • Accounts Receivable
  • Purchase Orders
  • Working Capital

Risk Capital Fund

Intermediate term (2-5 years) funds in the form of straight loan amortization with level principal and interest payments

  • Inventory
  • Equipment Financing
  • Leasehold Improvements
  • Business Acquisitions and Buyouts
  • 504 Loan Program

Guaranty Fund

Funds (1-3 years) to strengthen the client creditworthiness by providing letter of credit

  • Contractor Bonding
  • Trade Suppliers
  • Bank Loans

Equity Investments

Funds (1-5 years) for high growth potential in joint-venture projects

  • Business Development
  • Franchises
  • Real Estate Development
  • Real Estate Acquisition ( Residential and Commercial)
  • Alternative Energy

Other Business Services

  • Administrative Services
  • Meeting Spaces
  • Commercial Vehicle Parking
  • Technical Assistance
  • Training Sessions