MBF Resource Center

Loan Resources

CORONAVIRUS EMERGENCY RESOURCES

THE NEW NORMAL: A GUIDE FOR RESIDENTS AND COMMERCIAL ESTABLISHMENTS
This guide has been prepared for you – the residents, business and commercial establishment owners and people who operate other facilities throughout Miami-Dade County – to provide information you will need as we move to a New Normal. Click here for more information.

FACEBOOK SMALL BUSINESS GRANTS PROGRAM
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate. Click here for more information.

THE LITTLE HAITI SMALL BUSINESS RELIEF FUND
The Little Haiti Small Business Relief Fund provides micro-grants to small business owners and their employees who have been hurt by COVID-19 in Little Haiti. Click here for more information.

SOBEWFF & FIU CHAPLIN SCHOOL HOSPITALITY RELIEF FUND
The Miami Downtown Development Authority is partnering with FIU, SOBEWFF, and others to roll out the SOBEWFF & FIU Chaplin School Hospitality Relief Fund. As of today, the fund has raised $1M+ and each qualified applicant can receive up to $15,000 until the fund is exhausted. Click here for more information.

SBA PAYCHECK PROTECTION PROGRAM (PPP)
The PPP is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Click here for more information.

SBA ECONOMIC INJURY DISASTER LOAN (EIDL)
Loans of up to $2 million in assistance per small business. Click here for more information.

SBA ECONOMIC INJURY DISASTER LOAN (EIDL) EMERGENCY ADVANCE
SBA is offering EIDL advances of up to $10,000. Click here for more information.

FLORIDA SMALL BUSINESS EMERGENCY BRIDGE LOAN (FSBEBL)
Florida has announced its FSBEBL Program in response to coronavirus business interruption. The bridge loans are up to $50,000 with NO interest for one (1) year. Click here for more information.

THE JAMES BEARD FOUNDATION RELIEF FUND
The James Beard Foundation launched a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need.  Click here for more information.

Are you opening or running a small business in the City of Miami?

Welcome to MBF’s Resource Center. Here you will find items to help you build your business. Also, follow MBF on twitter @miamibaysidefo to receive our #SmallBizTips, a curated selection of relevant articles.

STARTING A BUSINESS
If you are planning on opening a business in the City of Miami, download Steps to Open Your New Business in the City of Miami, which breaks down opening a business into 3 steps: location, certificate of use, and business tax receipt.

GETTING STARTED
For a quick reference on doing business in Miami-Dade County, Florida, download the Beacon Council’s Resource Guide. In addition to a step-by-step guide to starting a business in Miami-Dade, the Guide provides a list of resources available to small businesses.

PROJECTIONS
Forecasting revenue and expenses is a necessary exercise for understanding your business and managing your finances.  Additionally, most financing institutions are going to want to see three years of projections, with the first year presented monthly.  A template for building your projections can be downloaded here.

BUSINESS PLAN
While there are many ways to layout your Business Plan, some key components to consider can be found in this Business Plan Outline. Each section of the plan is strategically placed to help build a compelling story and should be peppered with images, when appropriate.

DUNS NUMBER
A DUNS number is used for identification purposes as well as for credit reporting. To obtain one free of charge, visit the Dun & Bradstreet (D&B) website.

Monday, July 6th, 2020 at 10:18am
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/Yqn60JfJNT?.
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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