Microloan

For Minority Businesses in the City of 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 the City of Miami, as stated in the organization’s occupational license. (To verify that your company’s address is in the City of Miami, please click here);
  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:

Wednesday, January 22nd, 2020 at 4:16am
Congratulations to MBF's new #loanrecipient @CykleJab. Accomplish your New Year's resolution by joining their high-end boutique gym that combines boxing and cycling to provide “The Ultimate 50 Minutes". https://t.co/XDtGeiBB09 https://t.co/ac4vGbDwYm
Tuesday, January 21st, 2020 at 12:01am
MBF #SmallBizTips: Jumpstart your business with MBF's Small Business Training! Learn business essentials from experts in accounting, marketing, information technology, human resources, and more. To apply, go to https://t.co/5iuIzkgKV2. https://t.co/NafWgtet1J
Saturday, January 18th, 2020 at 1:58am
Congratulations to MBF's new #loanrecipient Sayblee! Sayblee is a haircare company with a unique, proprietary hair loss solution that is made with natural, organic ingredients.
https://t.co/g6zpkSsdcW https://t.co/GmfvlgPIlq
Thursday, January 16th, 2020 at 12:00am
MBF #SmallBizTips: Repeat business is the key to success. Here are four areas you should address to create customer loyalty. https://t.co/ZqVP3RJg83
Wednesday, January 15th, 2020 at 12:00am
Congratulations to MBF's new #loanrecipient Alchemist Revolt! Their Cellular Regeneration Serum is a moisturizing and nourishing facial serum that is plant-based, vegan, cruelty-free, non-toxic, and rich with antioxidants. https://t.co/P6mZpgnT82

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By contributing to MBF you have an opportunity to impact job creation, encourage economic development and improve the future of Miami.