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

Download the application by completing the form at the bottom of this page.

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

Additional Information: Minority-Owned Business Loan Program

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