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.
  • Documentation to prove you are in good business standing.

Helpful tips

  • There is no minimum credit score to qualify, but priority will be given to organizations and businesses that provide a community benefit, offer quality jobs, and are located in historically underserved neighborhoods.
  • If you need help submitting your financial paperwork, visit the Resources page for templates. 
  • The maximum interest rate for these loans is 3%. Nonprofit organizations will not be charged interest.
  • There will be two application rounds each year for the next two years.

There are 3 upcoming information sessions about the Miami Open for Business microgrant and loan offerings. Register to attend one of the virtual sessions by clicking the links below:

About this program

Provided by: The Miami Foundation

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

Program Information: Miami Open for Business

Additional Information: Loan Flyer, FAQs, Resources

Additional Programs: Commercial Down Payment Assistance and Microgrants for Technology and Equipment

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