CFNMD is a Community Development Financial Institution (CDFI) whose primary mission is to utilize resources derived from the public and private sectors to assist the poor, distressed and underprivileged through a program of lending and investing in housing, real estate development projects, small/micro businesses and other commercial enterprises.
Lending Focus
CFNMD provides affordable loans and business know-how to minority and women-owned businesses throughout Palm Beach, Broward and Miami Dade Counties so they can confidently take on the opportunities to grow.Loans At A Glance
Loan Amounts Provided
$10,000 to $150,000
Eligibility Criteria
- Preferred credit score above 600
Fees:
- $25 Credit report fee
- 1% Loan origination fee due at closing
Loan Types
Term loans up to 5 years.
Client Success Story
Fathiyyah “Tia” Doster is the owner of The JuiceDefined LLC, Opa-locka’s only raw juice bar. The JuiceDefined has been operating as a full-service juice bar in downtown Opa-locka since September 2021, but the storefront is just the latest iteration of the business.
Tia got the idea to start the business after juicing helped her recover from preeclampsia when she was pregnant with her daughter. After experiencing powerful health results for herself, she decided to share the power of “fresh, raw, and cold-pressed” juices with her community.
Tia started with a mobile business, making juices in her home in Miami Gardens and delivering to customers throughout the local area. When she felt ready to expand to a brick-and-mortar shop, she looked for a place close to home to fill a need in the area.
She ended up finding an affordable place with lots of visibility in downtown Opa-locka. Read more.