• A complete profile of the business is taken under consideration during the evaluation process to find flexible and fair loan terms  
• Offering business management training

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BBIF Loan:

• $5,000 to $250,000 
• 1 to 5 year term
• 1% to 8% interest
• Payment is required 3 months after loan closing

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Payment Protection Program Loan:

• 1 year loan term
• 1% interest
• Maturity of 2 years
• 6 month deferment period
• No collateral is necessary

• $5,000 to $100,000
• 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

• 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

• $25,000 to $5,000,000 (Average loan size is $150,000)
• 4% to 9% interest
• Loan terms vary depending on the project: generally they are 7 year terms unless real estate acquisition is involved
• Granting deferments of 3 months of principal and/or interest
• Loans will be examined at the end of the deferment period to determine if there is an extension
• No credit score minimum
• Loans may be used for equipment, working capital, real estate acquisitions, inventory, and leasehold improvements
• Currently not offering comprehensive guidance, however, can provide advice to businesses on a case by case basis through counseling and technical assistance offering
• Currently acting as a resource clearinghouse and making qualified referral to other partners in the business ecosystem
• Offering training for business startups through Free Business Bootcamp Series

Selected businesses could receive one or more of the following business services:

• Consulting: Advertising and marketing consultations with local Effectv marketing, research, and creative teams to gain insights on how to grow your business
• Media: A linear TV media schedule, over a 90-day period
• Creative production: Turnkey production of a 30-second TV commercial, plus a media strategy consultation and 90-day media placement schedule
• Technology make over: Computer equipment and Internet, voice and cybersecurity services for 12 months

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• Tier 1: $5,000 to $10,000
• Tier 2: $10,001 to $25,000
• 4% interest
• The applicant can chose between 12 – 60 months depending on the amount requested
• Offering up to 90-day payment deferments due to COVID-19
• No credit score requirements, loan is based upon business and personal financial analysis
• Micro-loan funds can be used to purchase equipment, cover payroll, working capital or whatever your business needs
• For businesses that create jobs, M-DCC offers a Micro-loan Forgiveness Program that will forgive up to $1,000 of the loan for every job created
• Offering one-on-one technical assistance to businesses in Miami-Dade County
  

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• One-time micro grant of $500

• $2,500 to $75,000 loans available for black-owned businesses

• $10K and $5K cash grants to Black women or nonbinary entrepreneurs.
• Awardees will receive tactical help navigating the fundraising environment.

• One-time grant of $2,500