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.

Loan Programs

Conventional Loan

Microloan

Black Business Loan Program

Previous Loan Recipients

GREEN FISH GRILL LLC
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.
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.

Saturday, January 19th, 2019 at 1:00am
MBF #smallbiztips: It's a New Year! Time to think about your New Year resolutions! Here is an interesting article on the value of the annual exercise!
https://t.co/MH0zQjliMo
Friday, January 18th, 2019 at 11:37pm
The Black Business Loan Program will assist businesses that cannot obtain loans through conventional banks. The program is being administered via the @MiamiBaysideFo and FAU.

https://t.co/sZed6SqZ8z
Friday, January 18th, 2019 at 1:00am
Congratulations to MBF #loanrecipient @MariBunnieCakes for their successful popup in Downtown Doral and their feature in two @MiamiNewTimes articles!
https://t.co/9Xa3FiHoy8
Thursday, January 17th, 2019 at 1:00am
MBF #smallbiztips: It's 2019! Time to start preparing your books for 2018 taxes. Here is a list of items you may find helpful when preparing your business tax return. https://t.co/OSOVKrSM2R
Wednesday, January 16th, 2019 at 1:00am
Congratulations to Dermanova Med-Spa and Salon on their successful grand opening and officially becoming an MBF #loanrecipient! Visit https://t.co/yVVBTxYFLG for more information.

Make a Donation

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