Booker T. Washington and Founding Board, National Negro Business League
The plans of the diligent lead to profit as surely as haste leads to poverty.
- Proverbs 21:5
Focusing on economic development and job creation, we were originally founded in 1988 to assist in the growth of Florida’s economy by providing financing and financing assistance to small businesses. Through those efforts, we worked directly with Florida’s small business community, providing technical assistance to business owners in the areas of creating/understanding financial statements, development of Business Plans and marketing, among others. This technical assistance is provided through workshops, one-on-one meetings, and teleconference calls.
After years of planning and preparation, our efforts expanded to a national focus. Currently, the National Black Business Support Corporation offers direct microloans to minority, disadvantaged and other small businesses and serves as an experienced and trusted fiduciary to our partners for their programs.
NBBSC is a registered nonprofit corporation based in Florida and is an IRS-recognized 501(c)(3) non-profit organization. The Board leadership has more than 80 years of experience in fiscal and program management in its ranks, including 35 years of banking experience and 40 years of business loan underwriting experience. Board Members are chosen based upon their business banking and economic development experience. Since 1998, our team has received $10 million in capitalization appropriations from the State of Florida under what is today the Black Business Loan Program. During that time, we were either directly (Direct Loan or Venture Capital Investment) or indirectly (Loan Guarantee or Loan Referral) responsible for putting $9 million in the hands of Florida’s Black businesses in urban and rural communities. Since leaving Florida's BBLP administration, NBBSC has provided technical assistance and/or loans, directly through its own funds and in partnership with external funding partners, to more than 100 businesses. These loans have generated hundreds of newly created and retained jobs, creating wealth and opportunity where it didn’t previously exist.
If you would like to financially our efforts, please use the PayPal
button here to make your tax-deductible donation to the National Black
Business Support Corporation. Checks may be mailed to our office at
495 Grand Blvd., Suite 206; Miramar Beach, FL 32550. Thank you! Note: NBBSC loan clients using this Donate button for loan payments agree to a 3 1/2% convenience charge.
A copy of the official registration and financial information may be obtained from the Division of Consumer Services by calling 1-800-HELP-FLA (435-7352) within the state, or vising www.FloridaConsumerHelp.com. Registration does not imply endorsement, approval, or recommendation by the state.
ABOUT THE NBBSC