The New Heights Microloan Fund provides City of Miami
small businesses with the capital and technical support
needed to grow.
Loan funding up to $10,000 with a 3% interest rate.
Loans can be used for working capital, refinancing predatory debt, inventory or business equipment and remodeling or renovating your location or storefront.
Small business owners have historically faced barriers when trying to access capital from banks or traditional financial institutions. New Heights makes it easier for business owners to secure the capital they need.
Minimum 1 year
- Operating budget
- Business and personal financial statements
- Business and personal tax returns
- Business bank statements
- Cash flow projections
- Staffing roster
Within City of Miami limits (click to verify address)
“The application process itself was quiet straightforward. The most valuable part was having me present a business plan, it helped me clearly map out how I would invest the loan funds in my business. That is something many small business owners don’t always take the time to do”
The Online Bridge
“The New Heights Microloan Fund helped me expand my business when I needed it most. It made a real difference. Gilda and Maria from Partners for Self-employment guided me in the process and that made easier
to manage.”
Pega Grill
Applications for the next cohort of Scale Up Miami are now open. Don’t miss your chance to join the thousands of businesses supported by the Elevate initiative.
Application deadline for Spring Cohort is April 20,2026
Our dedicated team is ready to assist you with your
application or answer any questions about the fund.
smallbusiness@miamigov.com