Miami-Dade Approves $25 Million for Small Businesses
Updated: Jul 20
County Commissioners approved $25 million for a program to help local small businesses affected by the COVID-19 economic crisis. RISE (Re- Investing in our Small Business Economy) provides loans for up to $30,000.
To qualify for a RISE loan, the following criteria must be satisfied:
Operate in Miami-Dade County.
Be in operation for at least two years.
Have gross sales of less than $2,000,000.
Have 25 or fewer employees/independent contractors.
Live in Miami-Dade County.
Have a Credit Score greater than 575.
Have 20% or more ownership/stake in the business.
Have not had any bankruptcies or foreclosures in the past three years.
For more information go to: