Small Business Assistance Forgivable Loan Program

Miami-Dade County

Miami-Dade County
U.S. CITIzens and residents
Coming Soon

Miami-Dade County is offering a $5 million forgivable loan program to help small businesses facing immediate financial threats as a result of the COVID-19 crisis. The loans will be up to $25,000 with no interest or origination fees.


Up to $25,000 loan with no interest or origination fees

Loans can be used for any expenses that will allow the business to remain feasible for up to three months. Such expenses include, but are not limited to:

  • Rent (executed lease agreement must be included in application)
  • Salaries of current employees based on payroll register
  • Personal protective equipment
  • Payment of all expenses needed to keep the business safely operational and meeting all local, state, and federal requirements. Examples include utilities, licenses or insurance

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A business may qualify by meeting the following criteria:

  • Business is a for-profit located and operating in Miami Dade County
  • Business must not have been approved or received funds from any institution under the Paycheck Protection Program Loan (PPP)
  • Business must not have more than 25 employees and 51% must be held by low to moderate-income employees
  • The "forgivable" feature of the loan rests on the ability of the small business to retain jobs that are held by those of low or moderate income, meaning those who earn less than 80% of the annual Area Median Income. In Miami-Dade County, the annual AMI for a single person is $51,200
  • Jobs created or retained by the assisted business may also be presumed to be low- and moderate-income if the job and business are located in an area that:
  • Has a 20% poverty rate (30% poverty rate if the area includes the central business district) and the area evidences pervasive poverty and general distress; or
  • Is part of a federally designated Empowerment Zone or Enterprise Community; and
  • The jobs will be located in a qualifying area
  • HUD eligible businesses

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Electronic Applications:

  • Forward and upload all completed applications to
  • Subject line: (Your Business Name)- Forgivable Loan Application

Paper Applications:

Submit completed applications in a protective folder to either of the following:

  • By mail: Tools for Change 5120 NW 24th Avenue, Miami, Florida 33142
  • Drop off: Please call and schedule an appointment between M-F 11:30 am – 2:00 pm by calling (305) 200-5568 or (786) 708-2129

If you have any questions, contact either:

Partners for Self-Employment


Phone: 305-438-1407


Tools for Change


Phone: 305-200-5568


Apply Now

Do you need help?

The organizations listed below are Axis Coalition Members and are ready to help you at no cost.

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  • Loan Request Form/Application
  • Credit Report Service Request
  • Personal Financial Statement
  • Loan Business Information
  • Cash Flow Projection
  • Sources And  Use Of Funds
  • Personal Income Tax Documents  (2 Years)
  • Business  Income Tax Documents (2 Years) & Financial Statements
  • Business Bank Statements (January 2020- Present)
  • Profit and Loss Statements from (January 2020 – April 2020)
  • Business Incorporation Documents
  • Social Security Card
  • Driver’s License
  • Proof Of Address (Current Utility Statement)
  • Proof Of Citizenship (If Applicable)
  • Resume or CV
  • Copy of IRS 941 & State of Florida UCT-6 (last 4 Quarters)
  • Updated Liability Insurance
  • Updated Occupational License


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