MIAMI, FL: (September 19, 2016) : Miami Bayside Foundation announced today that they will be extending loans to local city of Miami minority-and woman- owned businesses to help them weather the negative financial impact of the Zika virus. The new ZEAL (“Zika Emergency Assistance Loan”) Program is designed to specifically provide assistance with payroll expenses in order to ensure job retention in what was previously designated “Zika Zone”. The loans are offered to minority and woman-owned businesses located in Wynwood that can demonstrate their business has been adversely affected by the Zika Virus.
“We are glad the Zika Zone designation was lifted by Gov. Rick Scott today. We know local small businesses are struggling to recover until the season kicks in and our number one priority is to help them stay open and ensure they are able to pay their employees”, says Kathleen Murphy, Executive Director of MBF. ZEAL is part of MBF’s micro-loan program, offering up to $20,000 to for minority-owned businesses in the City of Miami.
For further information on loan criteria and to download an application, please visit our ZEAL loan page