MIAMI, Fla. –MBF closed a loan to Sound of Fun, the North American distributor for Kiddimoto balance bikes and helmets. Kiddimoto, a pioneer in the balance bike category, combines sleek British design with stylish graphics. Developmentally, their bikes help children learn to balance and steer while building core strength, all of which leads to a quick transition to 2-wheel pedal bicycles. Good-bye training wheels.
The $50,000 MBF Loan allows Sound of fun to continue to bring in beautifully designed, open ended toys that are both functional and fun.
Sound of Fun is one of the 45+ minority-owned companies that MBF has provided a loan to since 2011 in an effort to advance economic development in the City of Miami. Other companies that have received loans from MBF include N.O.A Restaurant and Catering, Barks and Tales Dog Spa, Sugar Yummy Mama, Magic City Chefs, FAMA Publishing, Two Coats Painting, Miami Smokers, Bunnie Cakes, BeeFree Media, Moonlighter,H.I.M-istry Naturals, and Medical Equipment Solutions.
To learn more about Sound of Fun their website: http://www.soundoffun.com/ and like them on Facebook
Minority and women owned businesses have limited access to funding and MBF aims to fill this the gap through the creation and administration of loan programs for minority businesses, through the creation of programs and educational scholarships for minorities, and by providing technical assistance to local organizations engaged in economic development.