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Financing Your New Business | Miami-Dade County Loan Programs

Miami-Dade County and The City of Hialeah offer financial and technical assistance to new and expanding businesses through a variety of programs.

Miami-Dade County

Businesses seeking funding to start a new business or expand an existing one may be eligible for financial assistance from one of several programs funded through the Office of Community and Economic Development. For more information, call (305) 375-4535

Miami-Dade County also offers tax reductions and other incentives for businesses opening or expanding in "Enterprise Zones", economically distressed areas within the county. Contact or call (305) 375-4535

Programs for small businesses include:

(1) the Micro Enterprise Assistance & Peer Lending Program
(2) Economic Development Initiative Section 108 Revolving Loan Fund
(3) Community Development Revolving Loan Fund (CDRLF)
(4) Commercial Revitalization

(1) the Micro Enterprise Assistance & Peer Lending Program

This program is designed to assist 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 peer group setting. The program also provides direct loans up to $25,000 that requires business profitability and credit soundness.

Self employed entrepreneurs who have no other financial resources to start up or expand a business can:

  • Obtain a business loan through levels of $500 to $2,000 and from $3,000 to $25,000 through the Partners for Self-Employment (PSE) Program
  • Obtain business training
  • Build a credit record
  • Develop stronger business skills
  • Meet and share ideas with other business owners

The Peer Lending Program creates a forum for peer support by establishing business loan groups that have demonstrated that with credit, training and support, micro-entrepreneurs will achieve self-reliance and will generate economic growth and revitalization for their communities.

Contact Person: Diane Silverman, Vice President 877-722-4505 or 305-438-1407 Partners for Self Employment, Inc. d/b/a Micro-Business, USA

(2) Economic Development Initiative Section 108 Revolving Loan Fund

Description: This fund is for Targeted Urban Areas (TUA). It provides loan for working capital, machinery and equipment purchase, gap financing and construction/renovation of commercial sites. Maximum loan amounts will not exceed 20% of total project cost or $5,000,000. Borrower will be required to provide a match of $5 for every TUA RLF dollar. The minimum threshold will be $500,000.

Contact Person: Karen P. Moore, Executive Director (305) 375-4810 The Task Force on Urban Economic Revitalization

(3) Community Development Revolving Loan Fund (CDRLF)

Description: The CDRLF has been established to assist businesses seeking financial assistance for start-up and expansion. Loans can be awarded up to a maximum of $500,000 for working capital and fixed assets. This program aims to reduce unemployment, raise the income levels and enhance business services in low and moderate-income areas of Miami-Dade County.

Businesses located in the Federal Enterprise Community, the Enterprise Zone, and in Miami-Dade County Development focus areas: Opa-locka; West Little River; Model City; Melrose; Coconut Grove; South Miami; Goulds; Leisure City; Perrine are eligible for assistance through the Revolving Loan Fund.

In order to be eligible, applicants 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 the health and welfare of the community.

Contact Person: Terrell West, Vice Pres./Credit Manager (305) 693-3550 BAC Funding Corporation

(4) Commercial Revitalization

Description: Designed to improve the physical and economic condition of commercial areas in low and moderate-income neighborhoods. The program makes available grants up to a maximum of $100,000 to qualified owners and merchants to rehabilitate the exterior of their commercial buildings.

Contact Person: Ignacio de la Campa, Director (305) 375-4535 Economic Development Division Office of Community & Economic Development


Hialeah-Dade Development, Inc. ( HDDI), a non-profit corporation for the economic development of Hialeah and the Northwest area of Miami-Dade County, provides technical assistance to businesses within its target area. This technical assistance is free of charge and consists of loan packaging, marketing, business orientation and statistical information.

HDDI's efforts in loan packages have resulted in over one hundred million dollars ($100,000,000) of successfully placed loans through financial institutions and government agencies.

For more information, call (305) 884-1219 or Email:

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