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.

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?.
Monday, May 11th, 2020 at 6:39pm
Pivoting due to coronavirus conditions, MBF #LoanRecipients
@copperdoorbnb
has reopened their hotel as a restaurant. To read more, visit https://t.co/lVJLFyy68M.
Friday, May 8th, 2020 at 4:00am
Congratulations to MBF #LoanRecipient @ThynkGlobal for being featured in the South Florida Business Journal: "New coworking space set to open in Miami". Read the article at https://t.co/039dHWjAZ5.
Thursday, May 7th, 2020 at 5:22pm
MBF is proud to announce our 2020 M-DCPS Scholarship recipients! Congratulations to these exceptional City of Miami students. Thank you to the hardworking teachers, CAP advisors, parents, and mentors who continue to guide these students towards their college goals. #MDCPSGrad https://t.co/zExnWketAv

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