Have a small business? Need a quick cash infusion? Partners for Self Employment, a certified microlender by the U.S. Small Business Association, is offering loans of up to $7,500 for Miami-Dade and Broward storefront or home-based small businesses. The loans are available with no credit check or collatoral needed and will be disbursed with seven business days, says Cornell Crews, program director of PSE.
Eligibility requirements for the loans include:
· Business operating at least a year;
· Business and personal taxes filed;
· Storefront or home-based;
· U.S. Citizen or Alien Registration Card;
· Duns & Bradstreet number;
· Employer Identification Number;
· Miami-Dade or Broward County small business;
· Program open to businesses not currently in the PSE program;
· Loan payments must be make by automatic debit;
There is a $30 application fee; the interest rate is 8 percent. Applicants are required to attend an initial intake briefing to receive a loan application, which can then be submitted online. Meetings scheduled include:
Sept. 13, 1 p.m., South Florida Regional Planning Council, 3440 Hollywood Blvd., Suite 140, Hollywood 33021
Sept. 14, 7 p.m., Partners for Self Employment, 3000 Biscayne Blvd, Suite 215, Miami, 33137.
Crews will be accepting applications until the end of September. The first group of loans has already been disbursed.
For more information, contact Crews at cornell@partnersforselfemployment.org