Micro-Enterprise Assistance & Peer Lending (City of Miami)

Micro-Enterprise Assistance & Peer Lending (City of Miami) is sponsored by City of Miami. This program helps entrepreneurs build strong credit history by borrowing incremental amounts, develop stronger business skills, share business ideas, and provide peer support.

Small Business Financial Assistance - City of Miami Beach Small Business Financial Assistance The Mom and Pop Small Business Grant Program periodically provides financial and technical assistance to qualified for profit small businesses. www. miamidade.

gov The Micro Enterprise Assistance & Peer Lending Program assists entrepreneurs in building a strong credit history by borrowing incremental amounts of loan funds, develop stronger business skills, share business ideas, and provide support in a peer group setting. The program also provides direct loans up to $25,000. www.

miamidade. gov The South Florida Regional Planning Council offers a Revolving Loan Fund that is available to existing businesses looking to expand or relocate their business, create and/or retain jobs. Loan amounts range from $50,000-$300,000.

The business must attempt to secure private financing and be declined in order to qualify. https://sfregionalcouncil. org Contact the Miami Small Business Administration office for information on their loan programs, which include Basic 7(a) Business Loan, Micro-Loans, and the CDC/504 Program.

https://sfregionalcouncil. org/ The Basic 7(a) Business Loan Program: All 7(a) loans are provided by lenders who are called participants because they participate with SBA in the 7(a) program. 7(a) loans are only available on a guarantee basis.

This means they are provided by lenders who choose to structure their own loans by SBA's requirements and who apply and receive a guarantee from SBA on a portion of this loan. The SBA does not fully guarantee 7(a) loans. For more information, visit https://www.

sba. gov/funding-programs/loans/7a-loans The Micro-Loan Program: The Micro-Loan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000.

For more information, visit https://www. sba. gov/funding-programs/loans/microloans CDC/504 Loan Program: The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings.

A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. For more information, visit https://www.

sba. gov/funding-programs/loans/504-loans Convention Center Advisory Board (CCAB) Economic Development Resources Historic Preservation Incentives Miami Beach Redevelopment Agency (RDA) Small Business Financial Assistance Click here to access the city’s guided concierge tool. Find the service or information you need, such as permits, billing, business help, 311, records requests, and more.

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