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:

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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