Loan Programs

Providing Loans to Minority Businesses in Miami

Loans 

The primary mission of MBF is to provide access to funds for minority entrepreneurs. Since 2011, MBF has awarded 80 loans totaling more than $3.5 million to City of Miami minority-owned businesses, helping to create more than 350 jobs. MBF continues its commitment to providing access to funds for minority entrepreneurs.

Loan Programs

Conventional Loan

For Minority-Owned Businesses in Miami

Minimum Criteria

Conventional loans are available from $5,000 to $75,000. Loans up to $150,000 are available under special circumstances.

To be considered for an MBF loan, your business must be:

  1. Minority or women-owned;
  2. Domiciled in Miami, as stated in the organization’s occupational license;
  3. Owned by United States Citizens or Lawful Permanent Residents;
  4. For-profit corporation. No sole proprietorships;
  5. Must demonstrate that the loan will aid in the creation of new jobs; and
  6. Must use funds for working capital, cash flow, inventory, and/or equipment.

Please note, if a start-up (under one year), owners must put up a 20% cash match.

Black Business Loan Program

For Black Businesses in Miami-Dade County

Minimum Criteria

Under BBLP, loans are available from $5,000 to $75,000. Loans up to $150,000 are available under special circumstances.

To be considered for a BBLP loan, your business must be:

  1. 51% black-owned;
  2. Domiciled in Miami-Dade County, as stated in the organization’s occupational license;
  3. Owned by United States Citizens or Lawful
  4. Permanent Residents;
  5. For-profit corporation. No sole proprietorships;
  6. Must demonstrate that the loan will aid in the creation of new jobs; and
  7. Must use funds for working capital, cash flow, inventory, and/or equipment.

Please note, if a start-up (under one year), owners must put up a 20% cash match.

For more information, please contact (305) 379-7070 or email info@miamibaysidefoundation.org.

What Our Loan Recipients Had to Say

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