Miami Gardens is a city located in north-central Miami-Dade County, Florida. The city is situated between Miami and Hollywood. As of the 2010 census, the city had a population of 109,680. The city is home to the Miami Dolphins, who play at Hard Rock Stadium.

Miami Gardens is a diverse city with a strong economy. The city's major industries include tourism, agriculture, construction, manufacturing, and logistics. Miami Gardens is also home to many small businesses. According to the Small Business Administration, small businesses make up 99.7 percent of all businesses in the city.

The city's economy is strong and growing. In recent years, the city's GDP has increased by an average of 4.5 percent per year. The city's unemployment rate is 3.4 percent, which is lower than the national average. The median household income in Miami Gardens is $61,000, which is higher than the national average.

Miami Gardens is a great place to start a small business. The city offers a variety of resources and programs to help small businesses succeed. The city's Small Business Development Center offers free or low-cost counseling and training to small business owners. The city also offers a Business Incentive Program, which provides financial assistance to businesses that create new jobs or make investments in the city.

Comparing SBA Loan Types in Miami Gardens

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When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Miami Gardens? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Miami Gardens

There are several options for small business loans in Miami Gardens. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Miami Gardens, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.