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.