LOANs for LOCAL Businesses
GET A LOAN
UP TO $100,000
A loan program designed with you in mind.
Ready to grow but need capital?
Most small businesses often have difficulty accessing capital. The Community Fund of North Miami Dade (CFNMD) offers flexible loans to Black-owned businesses and minority-owned businesses that have difficulty obtaining funding through conventional lending institutions despite having successful business models.
WHO SHOULD APPLY?
For-profit businesses located in Miami-Dade, Broward and Palm Beach Counties.
wHAT ARE THE LOAN TERMS?
Loan amounts from $10,000 to $100,000 at competitive interest rates with up to five-year terms.
How can the loan be used?
You can use the funds for working capital, startup funding, equipment purchases, and more.
What do I need to apply?
Personal and business tax returns
Personal & business bank statements Business financial statements
Business plan (for startups)
Marketing & Operations plan
No bankruptcies in the last year
Resources for minority-owned business owners