Small Business Loans for Minority-Owned Businesses

For businesses in:


Provided by:

Miami Bayside Foundation

Ideal for:

Small Minority-Owned Businesses

Access to funds and business education programs for minority-owned businesses.

Coming Soon


  • Conventional Loan: $10,000 to $75,000 and up to $150,000 are available under special circumstances.
  • Microloan: $2,500 to $10,000.
  • Black Business Loan: $2,500 to $75,000 and up to $150,000 are available under special circumstances.
  • 6% interest  
  • 2 to 5 years
  • Bi-monthly payments for microloans; monthly payments for all others.
  • Loans can be used for working capital, cash flow, inventory, and/or equipment.
  • Both conventional and black business loans must demonstrate that the loan will aid in the creation of new jobs.
  • Offering mentoring, small business training, and in-depth seminars.
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  • Company's address must be in the City of Miami.
  • Owner must be a US citizen or Permanent Resident.
  • Must be registered as a for-profit corporation. Sole proprietorships or non-profit organizations are not eligible.

Conventional Loan:

  • Must be a minority or women-owned business in the City of Miami.

Microloan Loan:

  • Must be a minority-owned business with a credit score of 550 and in existence for more than 6 months.

Black Business Loan:

  • Must be registered as a 51% black-owned business.
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Actively Lending Now

Applicants are recommended to fill out an online form on the corresponding loan page and download the application.  In addition to the completed 12 page application, additional documents are required and can be found on the checklist on the first page of the application.

To submit your form online, please email it to Should you have any questions about the application process, please contact the loan department at (786) 703-5767 or email

Visit Miami Bayside Foundation

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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For collateral, Miami Bayside Foundation requires UCC1 - all collateral through the Uniform Commercial Code.  MBF usually requires a first position but might, under special circumstances, take a second position.


Miami Bayside Foundation 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.