In Miami, a coalition of funders, leaders and local Community Development Financial Institutions came together to ensure that as many of our small businesses as possible would survive the pandemic. The RISE Miami-Dade Fund (RISE), which the Miami-Dade Board of County Commissioners seeded with CARES Act funding, distributed $20 million to […]
Tag: lending
Need capital to grow? If the banks say “no,” there are other options
One Florida SBDC at FIU consultant says only about 15 percent of the small businesses he sees are eligible for a traditional small business bank loan. If you are in that elite group, great! For everyone else, there are options. There are alternative financing options – yes, they are more […]
Community financing organizations help fill in the lending gaps
Don’t meet bank qualifications for a business loan? Here are three community financing organizations that the Florida SBDC at FIU works with for Miami-Dade and Monroe County businesses. Each of them lends money and has its own criteria. Miami Bayside Foundation The primary mission of MBF is to provide access […]