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 71 loans totaling more than $3.1 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

 

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Microloan

 

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Previous Loan Recipients

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
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 

Friday, October 19th, 2018 at 12:00am
Congratulations to MBF #loanrecipient IMR Development Corp. for being honored as "Minority Veteran-owned Firm of the Year" by @Cision.
https://t.co/mcJAfxUpbs
Thursday, October 18th, 2018 at 1:24am
MBF #smallbiztips: ChallengeHER works specifically with Women-Owned Small Businesses to assist in leveraging federal awards, learning the federal procurement process, and connecting with the right people. Register for this event by going to https://t.co/E3ZVpuBskw.
Wednesday, October 17th, 2018 at 12:00am
Congratulations to MBF #loanrecipient @vistamiami for having their Red Snapper With Mango Chutney recipe featured on @wsvn. Visit https://t.co/JABch6QuoE for the recipe.
Tuesday, October 16th, 2018 at 12:00am
If you're interested in doing business with M-DCPS, attend their Vendor Development Event, where they will assist your firm in navigating the procurement system on Thursday, October 18, 2018, at Coral Park from 6:00 PM - 8:00 PM. Register by emailing proevents @dadeschools.net. https://t.co/yLxG9unnqd
Saturday, October 13th, 2018 at 12:59am
MBF #SmallBizTips: Consumers start their holiday shopping earlier than they used to. Take the time now to get your shop, website, and staff ready for holiday shoppers. https://t.co/xqTxpq7nxT

Make a Donation

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