Loan Programs

Providing Loans to Minority Businesses in the City of Miami

Loans

The primary mission of MBF is to provide easier access to funds for minority entrepreneurs.
In 2011, MBF created a loan program to provide loans of $10,000 to $50,000 to City of Miami minority-owned businesses. In 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. In 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. In 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.

In 2017, MBF raised its maximum loan to $75,000, or $150,000 with Enterprise Floridaโ€™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.

Since 2011, MBF has awarded 46 loans totaling more than $1.7 million to City of Miami minority-owned businesses, helping to create more than 250 jobs. MBF continues its commitment to providing access to funds for minority entrepreneurs.

Loan Programs

Conventional Loan

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Microloan Program

Find Out More

Previous Loan Recipients

1306 LOUNGE, LLC
AUTOPORTATION, LLC
AVE D JAZZ CORP
BARKS & TALES DOG SPA INC.
BEEFREE MEDIA LLC
BUNNIE CAKES LLC
BUNNIE CAKES STUDIO LLC
CAMI-AXLE CONSTRUCTION, CORP
CHURROS+ LLC D/B/A SUGAR YUMMY MAMA
CONCIERGE AUTO TRANSPORT, LLC
CREATIVE NAILS BY TOMMY INC.
DOORS INC
DTC INTERNATIONAL HOLDINGS INC. D/B/A H.I.M.-I.S.T.R.Y.
FAMA PUBLISHING, INC.
GET CREDIT HEALTHY INC.
GREEN FISH GRILL LLC
GUADALUPE DOLLAR STORE, INC.
HAYNES SECURITY SERVICES, INC.
IMR CONTRACTING CORP D/B/A JENNINGS ENGINEERING & CONSTRUCTION

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.orgย 
Friday, April 27th, 2018 at 12:01am
Congratulations to @CreamParlor for becoming MBF's newest loan recipient ๐Ÿฆ๐Ÿ’ฐ Check out their cafe to make your sweet creams come true ๐Ÿฆ https://t.co/fXFinpo1ue
Thursday, April 26th, 2018 at 12:00am
MBF #smallbiztips: You've only got 15 seconds to make a first impression, and that's why your elevator pitch needs to be even shorter than it already is. Here are five tips for writing the perfect 15-second elevator pitch via Business Know-How
https://t.co/34auPZvr6J https://t.co/7QyHRwvxFC
Wednesday, April 25th, 2018 at 12:22am
MBF has partnered with @MiChiMu to support its summer internship program. MBF's support will provide a paid internship for five minority youth from the City of Miami. Interns will be paid for 240 hours of service, over 10 weeks.
Tuesday, April 24th, 2018 at 12:00am
MBF #smallbiztips: "I never dreamed about success, I worked for it." - Estee Lauder ๐Ÿ’ผ Learn how to succeed with our free Small Business Training! Learn business essentials including accounting, marketing, IT, HR, and more! Apply today! #MondayMotivation https://t.co/NyxivCkjsn
Saturday, April 21st, 2018 at 10:27am
A day in the life at Med Aesthetics Miami... come to our event on Tuesday (but pls RSVP) and enjoy promotions for you and your friend... call us at 305-356-7402.
#skincare #bodycontouring #cellulite treatments #painlesshairremoval #skintightening #stretchmarks #fatreduction

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