Microloan

For Minority-Owned Businesses in Miami

Minimum Criteria

Microloans are available from $2,500 to $10,000.

To be considered for an MBF microloan, your business must be:

  1. Minority-owned (see loan application);
  2. Domiciled in Miami, as stated in the organization’s occupational license;
  3. Owned by US Citizens or Lawful Permanent Residents only;
  4. For-profit businesses only. no sole proprietorships;
  5. Must use funds for working capital, cash flow, inventory, and/or equipment; no construction, built-out or purchase of property;
  6. Must be in existence for more than six months;
  7. Credit score 550.

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 8 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 the loan department at (786) 703-5767 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:

“The MBF gave me cash flow to expand my dreams.”

Mariana Cortez

Owner and Founder, Bunnie Cakes

“The loan helped me at a critical time during our expansion. Because of the fund from MBF, our daycare is not thriving. This is our 22nd year in business.”

Adline Aurubin

Super Kids Christian Day Care, Inc.

“I never imagined I would receive so much from an organization: training, mentoring, and a loan! Miami Bayside Foundation will always be in my heart since they were the first ones to truly support me.”

Angela Hall

Owner and Founder, Organics Overseas, Inc.

Application Form

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

Friday, September 18th, 2020 at 2:27pm
Students at our Truist/MBF Digital Marketing Series! 💻 📲 The workshop teaches small businesses how to digitize in time of COVID-19. For more information on MBF business workshops, please visit https://t.co/nxq2iPxEnX! https://t.co/rhGotdN47R
Monday, August 10th, 2020 at 12:41pm
MBF #SmallBizTips: Do you need to grow your digital marketing footprint, but don't know how? Apply for the Truist/MBF's Digital Marketing Series. This in-depth program will prepare you to use digital marketing to grow your business. Visit https://t.co/SprY35nmPv to apply. https://t.co/0T51AV7aTn
Friday, August 7th, 2020 at 3:00am
Congratulations to the 13th graduating and first virtual class of the MBF Small Business Training! 🎓 For more information on MBF business workshops, visit https://t.co/WziW7EGtTM! https://t.co/VbUyTqfm3O
Wednesday, July 29th, 2020 at 3:14pm
MBF #SmallBizTips: The RISE Miami-Dade Fund is a new loan program for Miami-Dade small businesses impacted by the pandemic. Visit https://t.co/KTsfOVzfqf to apply for the loan.
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?.

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