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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:


BUSINESS MUST:

  • 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.

OWNERS MUST:

  • 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:

Rise Miami Dade Small Business Loan


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