At a glance
From its website, read 2 Nov 2026BLACK ECONOMIC DEVELOPMENT COALITION, INC. is a loan fund based in Miami, Florida. Its website describes microloans and small-business loans. Where it lends: Miami-Dade County, Florida. It says it considers borrowers with low or no credit history.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (305) 200-5568 source |
|---|---|
| info@tfcmiami.org source | |
| Website | tfcmiami.org |
| Office (official list) | 5120 NW 24th AVE, Miami, FL 33142 |
What their website says about applying
You can download our program applications on the FORMS tab of this website or you can request one by email at
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Who qualifies, in their words
- Minimum credit score: 580
The minimum credit score is 580
source - Low or damaged credit considered
even if you do not have the minimum credit score do not let it deter you from applying.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 31 Mar 2014 |
| RSSD ID | — (none listed) |
| Address | 5120 NW 24th AVE, Miami, FL 33142 Directions (Google Maps) |
| Website | tfcmiami.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 5 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. No loan amounts or online application route are stated on the pages fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | — | We offer low interest rate Micro Loan Programs with a forgivable incentive to eligible businesses located in Miami Dade County. | source |
| Small-business loans | — | is a non- profit CDFI loan fund that provides small business loans and development services to low-moderate income, minority, veteran owned, woman owned, small businesses and entrepreneurs. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
Miami-Dade County, Florida
primarily assist low to moderate income black entrepreneurs in Miami Dade County, Florida.
source
Counties this matches: Miami-Dade County, FL
Borrower focus
- Low- and moderate-income / underserved
targeted to primarily assist low to moderate income black entrepreneurs in Miami Dade County, Florida.
source - Minority / BIPOC
provides small business loans and development services to low-moderate income, minority, veteran owned, woman owned, small businesses and entrepreneurs.
source - Veterans
provides small business loans and development services to low-moderate income, minority, veteran owned, woman owned, small businesses and entrepreneurs.
source - Women
provides small business loans and development services to low-moderate income, minority, veteran owned, woman owned, small businesses and entrepreneurs.
source
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.3 million in 3 awards from the U.S. Treasury's CDFI Fund, 2018–2021 (CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2021 | CDFI Rapid Response Program | $613,000 |
| 2019 | CDFI Program, Financial Assistance | $275,000 |
| 2018 | CDFI Program, Financial Assistance | $400,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $7.3M |
|---|---|
| Total liabilities | $5.5M |
| Net assets | $1.9M |
| Total revenue | $923,114 |
| Notes and loans receivable, net (Part X line 7) | $6.8M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 65-0159176, filed as “BLACK ECONOMIC DEVELOPMENT COALITION INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Dec 2021 (990) | $7M | $2.2M | $1.5M | $6.6M |
| Dec 2022 (990) | $7.1M | $2M | $791,216 | $6.6M |
| Dec 2023 (990) | $7.3M | $1.9M | $923,114 | $6.8M |
Total assets grew 5% from Dec 2021 to Dec 2023; notes and loans receivable rose 3%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $7.3M | Larger than 33% of the 9 other certified loan funds and venture funds in Florida with a matched Form 990 (median $9M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Florida | 9 | larger than 33% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Miami and Florida
- BAC Funding Consortium, Inc.Loan fund · Miami, FLCommercial real estate loans, Equipment loans, Equity / venture investment, Small-business loansVerified
- MIAMI BAYSIDE FOUNDATION, INC.Loan fund · Miami, FLSmall-business loansVerified
- Miami Postal Service Credit UnionCredit union · Miami, FLAuto / vehicle loans, Credit-builder loans, Small-dollar / emergency loans, Personal / consumer loansVerified
- BBIF Capital, Inc.Loan fund · Orlando, FLCommercial real estate loans, Microloans, Small-business loansVerified
- Blue Coast Federal Credit UnionCredit union · Perry, FLAgriculture / farm loans, Auto / vehicle loans, Home repair / improvement loans, Personal / consumer loans…Verified
- Calhoun Liberty Credit UnionCredit union · Blountstown, FLAuto / vehicle loans, Credit-builder loans, Home mortgages, Personal / consumer loansVerified
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