Low-Interest Loan for Small Businesses in Miami (RISE)

Apply for a low-interest loan if you are recovering from COVID or need funds to support your business.

When to apply:

No deadline, actively lending.

You should apply if you

Have at least 20% ownership of a for-profit business headquartered in Miami-Dade County.

Have been in business for at least 2 years.

Make less than $5 million in annual revenues and fewer than 50 employees (including 1099/contracted employees).

Have a credit score greater than 620 with no bankruptcies or foreclosures in the last 3 years.

How to get started

1

Click here to complete an initial intake form to express interest in the loan.

2

After you complete this form, you will receive an email from a loan officer providing you with a full loan application and a list of required documentation you will need to provide in PDF format.

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3

To complete the application process, submit the completed application and requested documentation via email to communitydevelopment@dcfcu.org.

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4

Information you’ll need to provide

Initial Application:

  • Name and basic contact information
  • Requested loan amount
  • EIN number

For the official loan application you can expect to provide:

  • 2 years of personal and business tax returns.
  • 2 years of Profit & Loss statements.
  • 2 years of your Schedule K-1.
  • Cash flow projections for the next 3 years.
  • Copy of two unexpired IDs (State ID, Voter Registration, or US Passport).
  • Copy of your current executed lease (commercial or residential) or mortgage.
  • Copy of your Sunbiz.org registration.
  • At least 3 months of business bank statements.
  • Your Business Tax Receipt.

Helpful tips

  • Click here to view a video of the RISE Loan Fund impact on local business owners.
  • All loan recipients will open member accounts with Dade County Federal Credit Union in order to receive and pay funds.

About this program

Provided by: Dade County Federal Credit Union

If you have questions, you can speak with a program representative at: 

Program Information: RISE Miami-Dade

Additional Information: FAQs - English, Spanish, Creole

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