Microloans

Providing Loans to Minority Businesses in the City of Miami

Microloans

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

Here is what some of the loan recipients had to say about the effects of receiving a loan through the MBF:

The loan we received from MBF is going to improve our painting business tremendously with purchasing new equipment and other large expenses.

James Coleman

CEO and Owner, Two Coats Painting, LLC.

The loan from MBF helped me grow my business. I appreciate all the help and hope that the organization continues to thrive in order to assist more minority entrepreneurs in Miami.

Robert Abraham

Owner and Founder, R&A Shoeshine, 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.

Minimum Criteria

Please review the following to be considered for a loan:

  1. Minority ownership (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. Loans from $2,500 to $10,000;
  4. Businesses must be in existence for more than six months;
  5. Credit score 550;
  6. The purpose of the loan: working capital, cash flow, inventory, equipment; no construction, built-out or purchase of property;
  7. US Citizens or Lawful Permanent Residents only;
  8. For profit businesses only; no sole proprietorships.

If you are interested in applying for such a loan, you must download an application from the link provided below.
Before downloading the necessary paperwork to begin the loan application process, please be aware of some important details:

  • Data can be entered directly onto the PDF form; however it CANNOT be saved. Please print once completed. The document will NOT save completed data to your computer and/or device.
  • In addition to the completed 12 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.
  • Submit your form in person to MBF’s offices, located at 25 SE 2nd Avenue, Suite 240, Miami, FL 33131. Should you have any questions about the application process, please contact (305)379-7070 or email info@miamibaysidefoundation.org.

Application Form

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

IMPORTANT NOTE: In order to download the application, please provide accurate information on the form below.

Friday, April 27th, 2018 at 12:01am
Congratulations to @CreamParlor for becoming MBF's newest loan recipient 🏦💰 Check out their cafe to make your sweet creams come true 🍦 https://t.co/fXFinpo1ue
Thursday, April 26th, 2018 at 12:00am
MBF #smallbiztips: You've only got 15 seconds to make a first impression, and that's why your elevator pitch needs to be even shorter than it already is. Here are five tips for writing the perfect 15-second elevator pitch via Business Know-How
https://t.co/34auPZvr6J https://t.co/7QyHRwvxFC
Wednesday, April 25th, 2018 at 12:22am
MBF has partnered with @MiChiMu to support its summer internship program. MBF's support will provide a paid internship for five minority youth from the City of Miami. Interns will be paid for 240 hours of service, over 10 weeks.
Tuesday, April 24th, 2018 at 12:00am
MBF #smallbiztips: "I never dreamed about success, I worked for it." - Estee Lauder 💼 Learn how to succeed with our free Small Business Training! Learn business essentials including accounting, marketing, IT, HR, and more! Apply today! #MondayMotivation https://t.co/NyxivCkjsn
Saturday, April 21st, 2018 at 10:27am
A day in the life at Med Aesthetics Miami... come to our event on Tuesday (but pls RSVP) and enjoy promotions for you and your friend... call us at 305-356-7402.
#skincare #bodycontouring #cellulite treatments #painlesshairremoval #skintightening #stretchmarks #fatreduction

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.