Black Business Loan Program

For Black Businesses in Miami-Dade County

Minimum Criteria

Under BBLP, loans are available from $2,500 to $75,000. Loans up to $150,000 are available under special circumstances.

To be considered for a BBLP loan, your business must be:

  1. 51% black-owned;
  2. Domiciled in Miami-Dade County, as stated in the organization’s occupational license;
  3. Owned by United States Citizens or Lawful Permanent Residents;
  4. For-profit corporation. No sole proprietorships;
  5. Must demonstrate that the loan will aid in the creation of new jobs; and
  6. Must use funds for working capital, cash flow, inventory, and/or equipment.

Please note, if a start-up (under one year), owners must put up a 20% cash match.

If you are interested in applying for a loan, please fill in the form below to access the downloadable application. Please be aware of some important details:

  • In addition to the completed 12 page-form, the application requires additional documents, which can be found on the checklist on the first page of the application.
  • Be sure to carefully review all your answers before submitting. MBF reserves the right to deny the loan application if any answers are untrue or inaccurate.
  • To submit your form in person, please visit MBF’s offices, located at 25 SE 2nd Avenue, Suite 240, Miami, FL 33131.
  • To submit your form online, please email it to info@miamibaysidefoundation.org.
  • Should you have any questions about the application process, please contact Joann at (786) 703-5768 or email info@miamibaysidefoundation.org.

Here is what some of the loan recipients had to say about the effects of receiving a loan through the MBF:

“MBF’s Black Business Loan Program helped me to invest in myself so my dreams could continue to be realized.”

Dr. Anita Petteway

Anita L. Petteway, M.D. PA

“The MBF Loan has significantly helped my business to implement vital systems for the strong infrastructure we need to grow.”

Stephannie Cetoute

Amer-Plus Janitorial Maintenance LLC

“The MBF BBLP is a savior to small minority businesses that do not have access to financing from larger financial institutions. Before graduating from this program and securing a loan, I was at the mercy of the “loan sharks.” The outlook is promising, as I see a bright future in 2020, thanks to this amazing program.”

Dannie A. Connor

Cybertech Life Inc.

Application Form

To download the application, please fill out the following information:

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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