Loan Programs

Providing Loans to Minority Businesses in the City of 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.

Timeline

2011: MBF created a loan program to provide loans of $10,000 to $50,000 to City of Miami minority-owned businesses.

2013: Seeing the need for smaller loans with a simpler underwriting process, it launched a microloan program with loans from $2,500 to $10,000.

2014: MBF partnered with Enterprise Florida, Inc. (EFI) and through their State Small Business Initiative Loan Participation Program, MBF has been able to provide loans of up to $100,000.

2016: Prompted by the adverse effects of the Zika virus on businesses in certain areas of the City of Miami, MBF created the ZEAL (Zika Emergency Assistance Loan) program to ensure retention of jobs.

2017: MBF raised its maximum loan to $75,000, or $150,000 with Enterprise Florida’s participation. Panther Coffee Roasters LLC was the first beneficiary of this change. All three of these loan programs aim to stimulate economic development in the City of Miami by helping minority-owned businesses grow and create jobs.

2018: The State of Florida’s Department of Economic Opportunity chose MBF as a development partner to administer its Black Business Loan Program. This program provides loans and technical assistance to black-owned businesses in Miami-Dade County.

Loan Programs

Conventional Loan

Microloan

Black Business Loan Program

Previous Loan Recipients

GET CREDIT HEALTHY INC.
GREEN FISH GRILL LLC
GROOVIN’ BEAN
GUADALUPE DOLLAR STORE, INC.
HAYNES SECURITY SERVICES, INC.
IMR CONTRACTING CORP
     D/B/A JENNINGS ENGINEERING & CONSTRUCTION
IMR DEVELOPMENT CORP
JUNTOS TRADITIONALLY INC
LATITUDE TRADING CORP.
LITTLE EXECUTIVES DAYCARE LLC
LORIMA FOOD CORP
LUNCHOLOGY, LLC
MED AESTHETICS MIAMI LLC
MEDICAL EQUIPMENT SOLUTIONS, CORP.
MI SABOR LLC
MIAMI SMOKERS LLC
JOHN A. NELSON, DDS, PA
     D/B/A MIDTOWN DENTAL
MOONLIGHTER LOUNGE, CORP.
MONKEY SHUTTLE
NMR DESIGN GROUP, LLC
N.O.A. CATERING, INC.
NICE TRANSPORTATION SERVICE, INC.
ORGANICS OVERSEAS INC
PANTHER COFFEE LLC
PANTHER COFFEE ROASTERS LLC
PAWS PAWS MIAMI INC.
R&A SHOESHINE, INC.
SIPS
S&S FIVE STAR FOODS INC
     D/B/A MUNDO CAFE
SOUND THEORY LIVE AT THE STAGE, INC.
     D/B/A THE STAGE
SOUND OF FUN LLC
SPINEX MEDICAL INC
SUPER KIDS CHRISTIAN DAY CARE, INC.
THE COOL MIAMI LLC
TRAVELUXOR, INC
TWO COATS PAINTING LLC
VELOCITYLAB PRODUCTIONS, INC.
     D/B/A/ CREAM PARLOR

VERY TASTY LLC
VIKING DEFENSE INC.
ZTHEA LLC

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

Friday, September 18th, 2020 at 2:27pm
Students at our Truist/MBF Digital Marketing Series! 💻 📲 The workshop teaches small businesses how to digitize in time of COVID-19. For more information on MBF business workshops, please visit https://t.co/nxq2iPxEnX! https://t.co/rhGotdN47R
Monday, August 10th, 2020 at 12:41pm
MBF #SmallBizTips: Do you need to grow your digital marketing footprint, but don't know how? Apply for the Truist/MBF's Digital Marketing Series. This in-depth program will prepare you to use digital marketing to grow your business. Visit https://t.co/SprY35nmPv to apply. https://t.co/0T51AV7aTn
Friday, August 7th, 2020 at 3:00am
Congratulations to the 13th graduating and first virtual class of the MBF Small Business Training! 🎓 For more information on MBF business workshops, visit https://t.co/WziW7EGtTM! https://t.co/VbUyTqfm3O
Wednesday, July 29th, 2020 at 3:14pm
MBF #SmallBizTips: The RISE Miami-Dade Fund is a new loan program for Miami-Dade small businesses impacted by the pandemic. Visit https://t.co/KTsfOVzfqf to apply for the loan.
Monday, July 6th, 2020 at 7:20pm
Congratulations to MBF #LoanRecipient @GroovinBean1 for their feature in @MiamiHerald's article, "‘Black people drink coladas.’ How this restaurant brought coffee culture to Overtown." Read more at https://t.co/tQGYxwNsEo?.

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