Financal Product Comparision
Below we provide a helpful overview and comparison of each of the product offerings.
What is it?
How much?
What can it be used for?
What do I need to apply?
What is the deadline?
If selected, when will I find out?
How many are selected annually?
Great! Where can I learn more?
Microgrant for Technology and Equipment
A grant, which does not have to be repaid.
Up to $20,000
Buy technology items, like laptops or cameras equipment, like furniture, machinery, tools, etc.
• Specific vendor estimates
• Financial projections (business)
• Annual operating budget (nonprofit)
• Staffing roster
May 31, 2024
July 2024
20-30 nonprofits
60-80 small businesses
Asset Building Loan for Entrepreneurs (ABLE)
A loan, which is repaid over time.
Between $1,000 – $100,000
Finance the purchase of a commercial vehicle, bulk inventory (to resell), renovations to your business, refinance predatory debt used to buy assets, and more.
• Specific vendor estimates
• Financial projections
• Financial statements, tax returns (business & personal)
• Staffing roster
September 30, 2024
5-10 business days after submitting complete package
30-40 organizations
Collective Real Estate Ownership (CREO)
A forgivable loan, which is forgiven over time and not repaid if certain conditions are met.
Between $50,000 – $500,000
Cover the down payment and closing costs to purchase a commercial property in certain Miami-Dade communities
• A collaborative of 2+ companies
• Project budget & timeline
• Pro forma financials, tax returns, operating budget, income statement
• Business plan and bios
• Operating agreement
February 15, 2024 or
April 15, 2024
By the end of the month after you apply (e.g., 4/15 → 5/31)
4-6 collaboratives
- Microgrant for Technology and Equipment
- Asset Building Loan for Entrepreneurs (ABLE)
- Collective Real Estate Ownership (CREO)
Microgrant for Technology and Equipment
What is it?
A grant, which does not have to be repaid.
How much?
Up to $20,000
What can it be used for?
Buy technology items, like laptops or cameras, equipment, like furniture, machinery, tools, etc.
What do I need to apply?
• Specific vendor estimates
• Financial projections (business)
• Annual operating budget (nonprofit)
• Staffing roster
What is the deadline?
May 31, 2024
If selected, when will I find out?
July 2024
How many are selected annually?
50-60 organizations
Great! Where can I learn more?
Asset Building Loan for Entrepreneurs (ABLE)
What is it?
A loan, which is repaid over time.
How much?
Between $1,000 – $100,000
What can it be used for?
Finance the purchase of a commercial vehicle, bulk inventory (to resell), renovations to your business, refinance predatory debt used to buy assets, and more.
What do I need to apply?
• Specific vendor estimates
• Financial projections
• Financial statements, tax returns (business & personal)
• Staffing roster
What is the deadline?
September 30, 2024
If selected, when will I find out?
5-10 business days after submitting complete package
How many are selected annually?
30-50 organizations
Great! Where can I learn more?
Collective Real Estate Ownership (CREO)
What is it?
A forgivable loan, which is forgiven over time and not repaid if certain conditions are met.
How much?
Between $50,000 – $500,000
What can it be used for?
Cover the down payment and closing costs to purchase a commercial property in certain Miami-Dade communities
What do I need to apply?
• A collaborative of 2+ companies
• Project budget & timeline
• Pro forma financials, tax returns, operating budget, income statement
• Business plan and bios
• Operating agreement
What is the deadline?
February 15, 2024, or
April 15, 2024
If selected, when will I find out?
By the end of the month after you apply (e.g., 4/15 → 5/31)
How many are selected annually?
4-6 collaboratives
Great! Where can I learn more?
Need help with your application? Work with one of our providers.