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Bac Funding Corporation

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Nonprofit Overview

Causes: Economic Development, Urban & Community Economic Development

Mission: Bac funding corporation ("bac or corporation"), a nonprofit organization, is an outgrowth of the business revitalization action committee of the greater miami chamber of commerce ("gmcc"). Bac was formed in april 1982, to help stimulate the economic growth of liberty city. The objective of bac is to develop and expand new and existing businesses for minority group residents of miami-dade county, florida. These objectives are met by extending credit to new and existing businesses within miami-dade county, florida.

Programs: Bac funding corporation was formed to foster growth of existing african american owned enterprises and is dedicated to provide capital resources to assist in the long range development of a successful african-american business class in south florida. Bac has disbursed over $40 million in loans or equity funds to over fifty (50) businesses including women owned businesses.

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