February 24, 2022

The number of Black-owned businesses is growing. Here’s where Miami’s Black entrepreneurs can get funding, training, and support.

17+ resources for Miami’s Black-owned businesses, including training, financing and grants, are all listed on Axis Helps.
Two entrepreneurs wearing custom T-shirts promoting their business

Black entrepreneurs are making history, with the number of Black-owned businesses up 30 percent since the pandemic, a new study finds.  To help, we’ve compiled a list of 17 resources available right now for Black-owned small businesses in Miami-Dade to help them grow and succeed.

Here are the grants, loans and training opportunities:

Training and Advice

Grants 

  • $10,000 start-up grants for Black female founders and entrepreneurs
  • $10,00 grant for Black female founders in their first five years of business (deadline Feb. 25th)
  • $5,000 grant + business coaching for Miami-based African-American and Hispanic entrepreneurs
  • Grants up to $2,000 for Black-owned, brick and mortar stores  
  • $2,500 grants for women of color-owned small businesses
  • $500 micro-grant to grow or start a minority, women-owned small businesses
  • $500 grant and mentorship for a new idea or to grow a business 
  • $5,000 grants and coaching for Women of Color Small Business Owners (deadline Mar. 4th)

Loans

If you’re considering a loan to maintain operations, grow your business or pay off credit card debt, Axis Helps has created an easy-to-use guide that can help you decide whether to pursue a loan from a credit union, a Community Development Financial Institution (CDFI), a traditional bank or another type of lender. Check out our Guide to Miami Business Funding online

Here are two options that lend locally and offer loan programs specifically for Black-owned businesses:

And these Community Development Financial Institutions, or CDFIs, lend to minority-owned businesses: 

Best of luck!