The best small business loans for Miami Gardens, 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 Gardens, FL

We're proud to work with small businesses across various industries in Miami Gardens, 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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    Construction

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    Medical Practices

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    Beauty Salons

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    Retail Stores

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    Restaurants

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    Hotels

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    Manufacturing

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    Staffing

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    Automotive Businesses

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    Landscaping

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    Toy Businesses

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    Transportation

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    IT

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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 Gardens, 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 Gardens, 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 Gardens, FL

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

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

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.

  1. Check your credit score. Many lenders in Miami Gardens, 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.
  2. Research lenders. Many different types of lenders offer small business loans in Miami Gardens, FL, including banks, credit unions, and online lenders. Do your research to find out which ones best fit your needs and qualifications.
  3. 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.
  4. 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.
  5. 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 Gardens, FL

Miami Gardens, FL

Is it hard to get a business loan in Miami Gardens, Florida?

While it can be challenging to get a business loan in any location, including Miami Gardens, options can make the process easier. For example, working with online lenders can provide greater access to funding options and streamline the application process. Additionally, it's important to have a solid business plan, good credit, and financial documentation to increase the chances of approval.

How long does it take SBA to approve a loan in Miami Gardens, FL?

The time it takes for the SBA to approve a loan in Miami Gardens, FL, can vary depending on several factors, including the complexity of the loan application, the completeness of the documentation submitted, and the current workload of the SBA office processing the loan.

 

In general, the SBA aims to approve loan applications within 10 business days, but it can take longer for more complex loans or during times of high volume. It's important to note that the SBA works with participating lenders to process and approve loans, so the lender's internal processes may also affect the timeline.

What are the advantages of an SBA loan in Miami Gardens, FL?

There are several advantages of an SBA loan in Miami Gardens, FL:

  • Lower down payments: SBA loans typically require lower down payments than traditional loans, which can help you preserve your cash flow.
  • Longer repayment terms: SBA loans offer longer repayment terms, making it easier to manage your cash flow.
  • Lower interest rates: SBA loans often come with lower interest rates than traditional loans, which can help you save money over the life of the loan.
  • Access to capital: SBA loans are designed to help small businesses access the money they need to start, grow, and succeed.
  • Flexible use of funds: SBA loans can be used for various business purposes, including working capital, real estate, equipment, and more.
  • Business resources: SBA loans come with access to resources and support for small businesses, including counseling, training, and technical assistance.
What is the minimum credit score for an SBA loan in Miami Gardens, FL?

The SBA does not have a minimum credit score requirement for its loan programs. However, individual lenders participating in the SBA loan programs may have their own credit score requirements, which can vary depending on the specific loan program and the lender's policies.

 

Generally, a higher credit score will increase the likelihood of being approved for an SBA loan and may result in more favorable loan terms. It's best to check with individual lenders to see their specific credit score requirements for SBA loans in Miami Gardens, FL.