Small Business Loans for Minority-Owned Businesses in Low-Income Areas

For businesses in:

Opa-Locka & Liberty City

Provided by:

Opa-Locka Community Development Corporation Business Fund

Ideal for:

Small Minority-Owned Businesses

Support small minority-owned businesses located in low-to-moderate income communities in South Florida.

Coming Soon


  • $5,000 to $250,000.
  • Average interest rate is 8%.
  • Average loan size is around $45,000.
  • Terms of 5 years or less.
  • Looking to approve and commit funds to new businesses.
  • Will, hopefully, be deferring all payment until people can get back to work.
  • Funds can be allocated for working capital but preferred use of loans is for expansion and revenue producing business functions.
  • Offering mentoring & counseling for small businesses.
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  • Business owners must live or work in the CDC’s target area including the following zip codes in the Opa-locka and Liberty City areas: 33054, 33055, 33056, 33167, 33168, 33169 33127, 33142, 33147, 33150.
  • For the Community Fund of North Miami Dade there is no credit score minimum.
  • SIN businesses that a bank would not do a loan for are excluded.
  • Cannot be a financial institution, insurance companies or liquor store.
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Actively Lending Now

The Opa-locka Community Development Corporation (OLCDC) Business Fund was launched to support small minority-owned businesses located in low-to-moderate income communities in South Florida. In addition to alternative finance options, OLCDC provides technical assistance in the form of one-on-one counseling and workshops.

Applicants are encouraged to download the application or complete the form on their website to submit an inquiry. Once submitted, the application checklist can be downloaded listing all documents that will be required to complete the underwriting process.

Visit OLCDC Business Fund

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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The OLCDC tries to get as much collateral as possible. Larger loans require more collateral.


The OLCDC Business Fund is a certified Community Development Financial Institution (CDFI). CDFIs are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities.

OLCDC Resources for Small Businesses