Loan Programs

Providing Loans to Minority Businesses

The primary mission of MBF is to provide access to funds for minority entrepreneurs. The Miami Bayside Foundation is a CDFI that lends to minority and women–owned businesses that do not qualify for traditional financing and trains their owners on how to better run those businesses. Since 2011, MBF has awarded 275 loans for a total of $16.7 million to South Florida businesses, helping to create more than 500 jobs and trained over 1,228 business owners.

MBF provides loans of up to $250,000 at a competitive 6% interest rate for a term of up to 5 years (subject to lease terms). Loan funds can be used for working capital, equipment, and inventory.