Microloans

Providing Loans to Minority Businesses in the City of Miami

Microloans

Microloans are available from $2,500 to $10,000.

Here is what some of the loan recipients had to say about the effects of receiving a loan through the MBF:

The loan we received from MBF is going to improve our painting business tremendously with purchasing new equipment and other large expenses.

James Coleman

CEO & Owner, Two Coats Painting, LLC.

The loan from MBF helped me grow my business. I appreciate all the help and hope that the organization continues to thrive in order to assist more minority entrepreneurs in Miami.

Robert Abraham

Owner and Founder of , R&A Shoeshine, INC.

Minimum Criteria

Please review the following to be considered for a loan:

  1. Minority ownership (see loan application);
  2. Domiciled in the City of Miami, as stated in the organization’s occupational license. (To verify that you fit this criteria, please click here to view a map of the City of Miami and its boundaries);
  3. Loans from $2,500 to $10,000;
  4. Businesses must be in existence for more than six months;
  5. Credit score 550;
  6. The purpose of the loan: working capital, cash flow, inventory, equipment; no construction, built-out or purchase of property;
  7. US Citizens or Lawful Permanent Residents only;
  8. For profit businesses only; no sole proprietorships.

If you are interested in applying for such a loan, you must download an application from the link provided below.
Before downloading the necessary paperwork to begin the loan application process, please be aware of some important details:

Application Form

To download the application, please fill out the following information:

IMPORTANT NOTE: In order to download the application, please provide accurate information on the form below.

Make a Donation

By contributing to MBF you have an opportunity to impact job creation, encourage economic development and improve the future of the City of Miami.