The best small business loans for Miami Beach, FL

Take your business to new heights with the right financing

  • Apply in less than 60 seconds
  • Wide range of financing option for every need
  • Competitive rates and terms
  • Personalized service
  • Dedicated support team

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Industries we work with in Miami Beach, FL

We're proud to work with small businesses across various industries in Miami Beach, FL. Whether you're in healthcare, construction, or technology, we're here to help you grow and succeed. Our financing solutions are customized to meet your needs, so you can focus on what you do best - running your business!

Here are some of the many industries we serve:

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    Medical Practices

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    Beauty Salons

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    Retail Stores

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    Automotive Businesses

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    Toy Businesses

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    Professional Services

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    Veterinary Practices

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    Franchise Businesses

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See why thousands of businesses have made SMB Compass

the top-rated small business loan provider in Miami Beach, FL

Garrett Cushing
Garrett Cushing
November 30, 2021.
Diligent and honest people to work with. SMB has been a great resource for my business, helped me through a variety of different financing over the years.
John Limato
John Limato
November 16, 2021.
I rarely write reviews but felt the need to thank the SMB team. Found them to be honest people that took the time to understand my business and walked me through the entire process.
Connor Johnson
Connor Johnson
November 4, 2021.
SMB helped me navigate through the growth period in my business. They were diligent and genuinely cared to make sure we got the percent line in place to meet our current needs. Very happy I was introduced to them and would highly recommend.
Michelle Cota
Michelle Cota
October 27, 2021.
I am so happy that SMB was able to help our company when we were in a jam. They were so attentive and so easy to work with. Helped step by step to get financed. Thank you Clay!
Veronica Akins
Veronica Akins
October 14, 2021.
SMB Compass was helpful and fast. They kept in contact and answered all my questions. The best part of our interactions was that the lender could have given me an extremely high interest rate loan when I thought that was my only option, but he instead told me of another option that fit our needs much better and saved us money! Thank you Clay
John Folco
John Folco
October 13, 2021.
True experts in the Commerical finance space. Great company to work with, look forward to a continued relationship.
Pat Mcandrews
Pat Mcandrews
October 8, 2021.
Great team of professionals to work with. Incredibly responsive and great problem solvers. Would recommend them to anybody.
Haroon S
Haroon S
September 22, 2021.
Clay was great to work with. Very responsive and great communication.
John Lutz
John Lutz
September 15, 2021.
Great people to work with. They were transparent and helpful from the first call to closing. I would recommend them to anyone in my network.
Matthew Seymour
Matthew Seymour
July 16, 2021.
Clay & Matt are experts in the industry and they are able to advise on a number of topics.

Learn more about our loan packages

The best small business loan in Miami Beach, FL

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    SBA Loans

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    Term Loan

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    Invoice Financing

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    Business Line of Credit

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    Inventory Financing

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    Bridge Loans

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    Equipment Financing

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    Asset Based Loans

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    Purchase Order Financing

FAQs about small business loans in Miami Beach, FL

How to get a small business loan in Miami Beach, FL?

If you’re looking to get a small business loan in Miami Beach, FL, here’s what you should do:

  1. Know what you need. Before applying for a loan, get a clear idea of how much money your business needs and how you will use the funds. Doing so can help identify the best type of loan for your needs.
  2. Check your credit score. Many lenders in Miami Beach, FL, will look at your credit score when reviewing your application, so knowing where you stand is important. If your score is less than ideal, consider improving it by making timely payments, keeping old accounts open, and limiting new credit applications.
  3. Research lenders. Many different types of lenders offer small business loans in Miami Beach, FL, including banks, credit unions, and online lenders. Do your research to find out which ones best fit your needs and qualifications.
  4. Prepare your application. Once you’ve identified potential lenders, prepare your loan application carefully. This may include providing financial statements, tax returns, and other documentation demonstrating your ability to repay the loan.
  5. Apply for the loan. If you’ve found a lender you’re comfortable with, it’s time to start your application. The process varies from lender to lender, but essentially, you need to submit your loan application along with the required documents. You also need to prepare to answer any additional questions the lender may have.
  6. Wait for a decision. The lender will then review your application and decide whether to approve your loan or not. Funding speed depends on the lender and loan type. Banks usually take weeks or months, while online lenders can fund your business in a day.

Miami Beach, FL

Miami Beach, FL

What is the best place to get a business loan in Miami Beach, FL?

There are many business loan options in Miami Beach, FL. Some of the best places to start your search include:

  • Local banks and credit unions: These institutions may offer a variety of business loans, including term loans, lines of credit, and SBA loans.
  • Online lenders: Online lenders can provide a convenient and fast way to get a business loan, especially for those with less-than-perfect credit or who need a smaller loan amount.
  • SBA-approved lenders: If you're interested in an SBA loan, search for approved lenders through the SBA's website.
  • Community development financial institutions (CDFIs): CDFIs are nonprofit lenders that focus on financing underserved communities and small businesses.
What is an SBA loan in Florida in Miami Beach, FL?

SBA (Small Business Administration) loan is provided by banks, credit unions, and other lenders in partnership with the Small Business Administration, a government agency. SBA loans are designed to help small businesses by providing access to funding with more favorable terms than traditional loans. 


In Miami Beach, FL, the SBA offers various loan programs, including the 7(a) loan program, which is the most common and provides funding for a wide range of business needs, and the 504 loan program, which is specifically for financing commercial real estate and large equipment purchases.

What is the highest business loan amount in Miami Beach, FL?

The maximum loan amount for SBA loans in Miami Beach, FL, can vary depending on the program. 


For example, the SBA 7(a) loan program has a maximum loan amount of $5 million. The SBA 504 loan program can provide up to $5.5 million for small businesses that want to purchase or improve commercial real estate or buy equipment.


However, individual lenders may have their own lending limits and may not be willing to approve a loan for the maximum amount. The loan amount approved will depend on various factors, such as the borrower's creditworthiness, financial history, and the lender's underwriting criteria.

Small business loans available in every state

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  • Maine

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  • Indiana

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  • Florida

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