Black-Owned Business Loan Program (Miami Bayside Foundation)

Lending opportunities up to $150,000 with financial training and support for Black entrepreneurs in Miami.

When to apply:

No deadline, actively lending.

You should apply if you

Have a business that is 51% black-owned and located in Miami-Dade County.

Are a U.S. citizen or lawful permanent resident.

Are a for-profit corporation, but not a sole proprietorship.

Can demonstrate that the loan will aid in the creation of new jobs and/or plan to use loan funds for working capital, cash flow, inventory, and/or equipment.

How to get started

1

Fill out the request form at the bottom of this page to access the application. 

2

Submit your form in person at 25 SE 2nd Avenue, Suite 240, Miami, FL 33131.

3

OR submit your form online via email at info@miamibaysidefoundation.org.

4

If you have any questions about the application process or the documents required to apply call (786) 703-5768 or email info@miamibaysidefoundation.org.

Information you’ll need to provide

  • Business plan, including business history and marketing plans. 
  • Contact information and resumes for all business owners. 
  • Financial statements for the last three years and projections. 
  • Detailed use of funds being requested. Breakdown for anything greater than $5,000. 
  • Tax returns both corporate and individual, local business tax receipt, and supporting bank statements. 
  • Other business documents, including, Articles of Incorporation, By-Laws, Certificate of Good Standing, etc. 
  • Documentation of all outstanding debt.

Helpful tips

  • If you have a startup (less than one year of operation), you can still apply for a loan but the owners must match up to 20% in cash. 
  • If you have a woman or minority-owned business, Miami Bayside Foundation has an additional loan program. More information can be found here.

About this program

Provided by: Miami Bayside Foundation 

If you have questions, you can speak with a program representative at:‍

Program Information: Black Business Loan Program ‍

Not what you're looking for?

Tell us more about your small business by filling out our survey. We will get back to you resources that match your business needs.

Small Business Survey

How we can help

The Axis Update

Want to hear about more ways to get help, support and resources? Sign up for our regular newsletter.

Get updates
Helpful Links
Privacy Policy
Translate
Contact
info@axishelps.org

Copyright © 2022 Urban Impact Lab. All rights reserved.