Loan and Grant Information

Accion USA

Accion USA is a private, nonprofit organization that provides microloans and other financial services to low and moderate-income entrepreneurs who are unable to access bank credit for their small business. They are the City of Miami’s Micro-Lending Partner. www.accionusa.org

Mom & Pop Small Business Grant

This grant program is designed to provide financial and technical assistance to qualified, for profit small businesses that are approved for funding. This program seeks to bridge the gap between local government and small owned and operated businesses. One of the minimum qualifications for the program is to be in businesses at least one year, demonstrated by the appropriate documents. Applications usually open in January, but you can call the Neighbors and Neighbors Association at 305-756-0605 or you local Miami-Dade Commissioner’s Office to learn more or apply.

Miami-Dade County's Community Development Revolving Loan Fund

Established to assist businesses seeking financial assistance for start-ups and expansions. Loans can be awarded up to $200,000 for working capital and fixed assets. Eligible candidates must fulfill one or more of the following Community Development Block Grant (CDBG) national objectives. • Benefit low and moderate income persons via jobs and/or services • Aid in the prevention or elimination of slum and blighted areas • Meet community development needs having particular urgency because existing conditions pose serious and immediate threat to health and welfare of the community.

  • To learn more visit: http://www.miamidade.gov/ or contact
  • Rosa Delgado Empowerment Trust Loan and Grant Administrator
  • Community and Economic Development Division Department of Housing and Community Development
  • Overtown Transit Village North 701 NW 1 CT 14 FL Miami, FL 33136 Phone: 786-469-2261

Micro-Enterprise Assistance & Peer Lending

This program helps entrepreneurs build a strong credit history by borrowing incremental amounts, develop stronger business skills, share business ideas, and provide peer support. Direct loans are available for up to $5,000 and in some cases up to $25,000 depending on a business’s profitability and credit soundness. For more information on organizations working on this program contact one of the following:

  • Maria Coto, Executive Director
    305-438-1407 Partners for Self Employment, Inc. d/b/a Micro-Business, USA
  • William Young, Loan Manager
    305-751-8934 Black Economic Development Coalitions, Inc. d/b/a Tools For Change
  • David Sweet, Project Manager
    786-469-2158 Miami-Dade County Department of Housing and Community Development

OUR Microlending

Is a private microfinance institution that offers micro-entrepreneurs an effective and efficient microfinance service that supports and promotes their Economic and Social development through microloans from $1,500 to $20,000. For more information, please call: 305-854-8113. www.ourmicrolending.com

South Florida Regional Planning Council Revolving Loan Fund

Offers loans between $50,000 and $300,000 for small to medium sized businesses looking to grow. Through their business development and government resource partnerships they can help you successfully apply for your loan. http://www.sfrpc.com/rlf.htm

Grant.gov

The federal government has consolidated where you may apply for any federal grant. It was first established as a government resource named the E-grants initiative spurring from the Federal Financial Assistance Management Improvement Act of 1999. To learn more or find a grant you can visit: http://www07.grants.gov/index.jsp