BAC Funding Corporation

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About

BAC Funding Corporation, Miami

For twenty-three (23) years, BAC Funding Corporation ("BAC") has honorably served as a financial lender for the African-American entrepreneur in South Florida. Formed in 1982, BAC operates as a 501(c)(3) Florida nonprofit community development corporation.BAC is the product of the collaborative efforts of over 1,000 corporate and private community leaders coming together to provide a beacon of light to Miami-Dade County following the devastation of the liberty City riots of 1980. Recognizing that South Florida's African-American business class required a financial instrument to support its cash flow needs, community leaders pooled together an impressive $6.9 million. These funds provided the foundation from which BAC's loan program was developed. Over the years, BAC has grown into one (1) of the nation's leading private nontraditional lending institutions. In fact, BAC's loan portfolio size has nearly doubled since 1997. Over the span of twenty-three (23) years, BAC has provided m

Category

Loans