Information you’ll need to provide

This information will vary depending on if you are applying for a nonprofit or a small business, but you can expect to provide:

  • A business budget and explanation how the loan will help reach your goals.
  • Financial statements, an operating budget, and cash flow projections.
  • A copy of your business or strategic plan.
  • Tax returns and bank statements.
  • Documentation to prove you are in good business standing.

Helpful tips

  • There is no minimum credit score to qualify.
  • Priority will be given to organizations and businesses that provide a community benefit, offer quality jobs, and are located in historically underserved neighborhoods.
  • The maximum interest rate for small business loans is 3%. Nonprofit organizations will not be charged interest.

If your business is in one of these neighborhoods, you can receive one-on-one application support at the following locations:

If your business is not located in one of the neighborhoods listed above, you can still receive assistance through the Florida State Minority Supplier Development Council (FSMSDC).

About this program

Provided by: The Miami Foundation and Partners for Self Employment

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

Program Information: Miami Open for Business

Additional Information: ABLE Loan and Program Flyer

Additional Programs:

Register today!

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