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 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.

Since 2011, MBF has awarded 68 loans totaling more than $2.8 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.

Loan Programs

Conventional Loan

 

Find Out More

Microloan Program

 

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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-ISTRY
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.org 

Thursday, June 21st, 2018 at 12:00am
MBF #smallbusinesstip: Does your small business need insurance? What kind of business insurance do you need to keep your business and personal assets protected? Here are some of the common types of insurance small businesses need. Via @JanetAttard.
https://t.co/Jq9zdQUmEn
Wednesday, June 20th, 2018 at 12:00am
MBF's Board of Directors Chair Nathan Kurkland was featured in Miami Today for his efforts in "holding to on the green, open, unspoiled Miami." https://t.co/kzNi7cNLWI
Tuesday, June 19th, 2018 at 12:00am
Take control of your business's financial health today! Register for MBF & @FIUEntrepreneur's FREE Flow into Profits finance workshop on June 23 & 24! #mondaymotivation
https://t.co/ojbS6Yzek4
Saturday, June 16th, 2018 at 2:53am
This morning, MBF attended @Mia_DadeChamber's General Membership Meeting & Business Expo with keynote speaker @MiamiMayor. MBF is happy to support the Chamber's efforts to create opportunities for economic and social transformation in our community. https://t.co/EUqD8oTzWM
Friday, June 15th, 2018 at 12:00am
Congratulations to @RolandoAedo for his article in @MiamiIndulge. Read the article to learn more about the Chief Operating Officer of the Greater Miami Convention & Visitors Bureau.
https://t.co/Ykw6NONaya

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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.