Center for Enterprise Opportunity | Formerly Business Loan Fund of the Palm Beaches, Inc.

2200 North Florida Mango Road, Suite. 401 • West Palm Beach, FL 33409

P: 561.478.2337 | F: 561.478.2339

The Center for Enterprise Opportunity's (CEO) mission is to serve as a sustainable business development and finance institution for low and moderate income entrepreneurs, small and emerging businesses and community development projects by working to fill the overall need for capital through

financing, advisory and advocacy services.

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OUR MISSION

Formerly known as Business Loan Fund of The Palm Beaches, Inc. | For Assistance Please Call: 561.478.2337

COMMUNITY & ECONOMIC IMPACT:

• To-date, the Fund has helped to create or maintain more than

• 1,900 jobs in its communities.

• Small business loans have been made to over 360 businesses ranging

• from startups to existing corporate operations.

• Total of loans to borrowers is in excess of $9.2 million since the

• Business Loan Fund’s inception in 1996.

BACKGROUND:

• Non-profit-501 (c)(3) founded in 1996 in West Palm Beach, Florida

• U.S. Treasury Certified Community Development Finance Institution

• Registered intermediary lender for:

o US Department of Agriculture Rural Development Agency

o Small Business Administration Treasury

• EDGE Investment recipient (Federal Home Loan Bank-PNC)

The Center for Enterprise Opportunity (CEO) is a private, non-profit corporation organized under Florida Statutes 112. The chartered purpose and mission is to improve the economies in distressed communities by lending to small businesses and sponsors of community development initiatives which benefit low and moderate income persons. As a Certified Development Financial Institution (CDFI), the Center for Enterprise Opportunity is eligible for significant federal equity grants and other awards from the U.S. Department of Treasury to support its lending and programs.

As a non-traditional lender, the Center for Enterprise Opportunity raises capital from public and private investors, e.g. government, banks, individuals, corporations and philanthropic organizations and then deploys these funds primarily for lending to small businesses and community development entities. The CEO also provides technical assistance and training to prospective and existing clients. Direct services and referrals to a network of service providers are offered to existing clients of the Center for Enterprise Opportunity before and after loan closing in an effort to ensure compliance with terms and conditions of the loan; and ultimately to ensure repayment to the Loan Fund and profitability for the businesses.

CEO has become adept at identifying borrowers’ financial and management weaknesses that limit or prohibit access to traditional business financing. By providing the extensive technical assistance that conventional lenders can’t afford to offer, we help our borrowers to resolve these issues and achieve their business goals.

Funding Partners

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