Minority entrepreneurs and women-owned businesses have difficulty accessing capital. CFNMD provides affordable loans and business know-how to minority and women-owned businesses throughout Miami Dade County so they can confidently take on the opportunities to grow.
The Community Fund of North Miami-Dade (CFNMD) is certified by the U.S. Treasury as a Community Development Financial Institution (CDFI). CDFIs are financial institutions that are 100% dedicated to delivering responsible and affordable lending to communities in need. As a subsidiary of the Opa-locka Community Development Corporation (OLCDC), the CFNMD leverages OLCDC’s over 40 years of active community work to now provide small businesses and entrepreneurs with the support they need. As a non-traditional lender, financial coach and technical assistance provider the CFNMD specializes in bridging the gap between small businesses, and the capital and education they need to capture their economic potential.
Established in 2002 to support the OLCDC’s affordable housing initiatives through real estate loans. Since 2018 CFNMD has also served entrepreneurs in Miami-Dade County by providing business loans, mentoring and business support to established businesses and startups alike.
The Community Fund of North Miami Dade's primary mission is to utilize resources derived from the public and private sectors to assist the poor, distressed and underprivileged through a program of lending and investing in housing, real estate development projects, small/micro businesses and other commercial enterprises.