Microloans

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 you fit this criteria, please click here to view a map of the City of Miami and its boundaries);
  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 multiple supplementary documents. Please review the application checklist on page 1 before submitting the application to  MBF.
  • 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 form to info@miamibaysidefoundation.org.
  • Should you have any questions about the application process, please contact the loan department at (305) 379-7070 ext 204 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:

Thursday, May 24th, 2018 at 12:00am
MBF #smallbiztips: If you use Powerpoint, here are a few principles and tips to keep in mind via @thisissethsblog
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Wednesday, May 23rd, 2018 at 12:00am
MBF had the pleasure of judging @NFTEFlorida's Miami Dade Semi-Finals. Today, the students are competing at Regionals! MBF wishes the students the best of luck! 🍀 https://t.co/2amoO9pLTj
Tuesday, May 22nd, 2018 at 12:00am
MBF #smallbiztips: "If you really look closely, most overnight successes took a long time." Steve Jobs
MBF's free Small Business Training teaches accounting, marketing, information technology, human resources, and more! APPLY TODAY! #mondaymotivation
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Saturday, May 19th, 2018 at 6:01am
See what's up with your favorite local spots in this special Thursday edition of Nom News: https://t.co/GGZUQmTnvq https://t.co/L2BRSNuLzF
Saturday, May 19th, 2018 at 12:00am
Celebrate the collaborative brew between MBF #loanrecipient @miamismokers and El Gaucho Raucho - Candied Bacon in a pint! Inspired by the famous Rauchbiers from Bamberg, Germany, this brew provides a local twist! See you there!
https://t.co/ifxRQ4McCT

Make a Donation

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