My business is open but struggling, what can I do?

Personalize your results

Major assistance programs

Paycheck Protection Program

U.S. Small Business Administration
U.S. Citizens and Permanent Residents
  • Forgivable loans for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount, up to $10 million per company
  • For sole proprietors or independent contractors, maximum is capped at $100,000
  • 1% fixed interest rate
  • Loans will be completely forgiven if funds are used for payroll, interest on mortgage, rent, and utilities, however, at least 75% of the loan must be used for payroll only (in other words, no more than 25% can be used for non-payroll expenses such as rent)
  • Loan payments are deferred for six months, however interest accumulates during this time
June 30, 2020

FedEx #SupportSmall Grants

FedEx
U.S. Citizens and Permanent Residents
  • $5,000 small business grant
  •  $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more

June 12, 2020

Economic Injury Disaster Loan and Loan Advance

US Small Business Administration
U.S. Citizens and Permanent Residents
  • Loans of up to $2 million for all operational needs
  • Available to for-profits and nonprofit organizations of all sizes
  • A maximum fixed interest rate of 3.75% for small businesses and 2.75% for nonprofit organizations  
  • Loan repayment terms of up to 30 years
  • Upon completion of the disaster loan application, small businesses are also eligible for an Economic Injury Disaster Advance Loan of up to $10,000. If selected, funds will be made available within three days of a successful application submission. This loan advance will not have to be repaid, even if an applicant’s Economic Injury Disaster Loan is denied

Nonprofit and community lenders offer an alternative to conventional banks

For businesses looking for other lending options
U.S. Citizens and Permanent Residents
  • Application process may be simpler and the organization often offers additional support for completing the application
  • Credit history and score requirements may be relaxed
  • Interest rates may be lower and payment terms may be flexible
  • Some organizations are tailored to support minority-owned small businesses
  • Organization often provides additional coaching and/or financial training programs

Business for All and COVID-19 Grant Contest

Hello Alice
U.S. Citizens and Permanent Residents
  • One-time grants of $10,000  
  • If a business is not selected for immediate COVID-19 grant support, they will still be in consideration for the larger $50,000 Business for All grant distributed in November 2020
  • All grant applicants  will receive access to  business growth opportunities and support from the Hello Alice community
September 25, 2020

COVID-19 Rapid Response Fund

Southern Black Girls and Women's Consortium
Florida
U.S. Citizens and Permanent Residents
  • Grants of up to $10,000
  • The average grant award will be $5,000

May 31, 2020

Accion SBA Microloan Program

Accion
Florida
U.S. Citizens and Permanent Residents
  • Currently reviewing loan amount, terms and payment case by case
  • 7.75% to 15.99% interest
  • Less than 2 weeks to process
  • These loans can be used for working capital, to purchase inventory, for equipment and other hard assets, for short-term business training, for promotions and advertising, to retire existing business debt, or for the purchase of an existing business
  • No prepay penalty or cumulative interest payment for early pay off
  • Providing financial education and assisting businesses to be ready for future loan repayments

Miami Eats

Greater Miami Convention and Visitors Bureau
Miami-Dade County
U.S. Citizens and Permanent Residents
  • Your restaurant and meal specials will be included on the Greater Miami Convention and Visitors Bureau website and social media


Little Haiti Small Business Relief Fund

Metro1
Miami-Dade County
U.S. Citizens and Permanent Residents
  • Cash assistance micro-grants for locally-owned small businesses in Little Haiti
  • Business mentorship focused on navigating federal funding opportunities available for small businesses

COVID-19 Collective Fund for Trans Communities

Borealis Philanthropy, Destination Tomorrow, and Third Wave Fund
U.S. Citizens and Permanent Residents

Examples of activities that may be supported by this Fund include, but are not limited to:

  • Mutual aid and care support networks
  • Healing and virtual wellness spaces
  • Online/virtual programming needs 
  • Living stipends for members and/or staff
  • Basic needs assistance including: food, rent support, shelter or utilities
  • Organizing and advocacy

Grant sizes will range up to $10,000; larger grants can be made on a case by case basis. For example, partnerships or coalitions can request up to $20,000. There is no budget cap for applicants. 


The Community Recovery Fund

The Miami Foundation
Miami-Dade County
U.S. Citizens and Permanent Residents

The first phase of grants from The Community Recovery Fund will provide:  

  • Funds to sustain the operating capacity of nonprofits on the frontlines that are continuing essential support for vulnerable and disproportionately impacted populations, and those with roles equally key to Miami-Dade County’s recovery  
  • Support for organizations with loss of crucial revenue – such as fees for services, income from canceled events, performances, fundraisers, etc. – that makes their recovery and resuming operations highly uncertain
  • Working capital for organizations at risk of being displaced and unable to serve their beneficiaries

Back-to-Business Box

Miami-Dade County
Miami-Dade County
U.S. Citizens and Permanent Residents
  • Personal Protective Equipment to assist with the reopening of small businesses 

Small Business Assistance Forgivable Loan Program

Miami-Dade County
Miami-Dade County
U.S. Citizens and Permanent Residents

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

Special assistance programs

More assistance programs

Our Microlending Small Business Loans
Our Microlending LLC
Miami-Dade County
Broward County
U.S. Citizens and Permanent Residents
Business Damage Survey
FloridaDisaster.Biz
Florida
U.S. Citizens and Permanent Residents
Short-Time Compensation Program
Florida Department of Economic Opportunity
Florida
U.S. Citizens and Permanent Residents

Coming soon

Miami Pandemic Assistance Program
United Way of Miami-Dade
Miami-Dade County
U.S. Citizens and Permanent Residents