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And The Winner Is….

We are glad to announce the first ,1st prize winner of our REFER YOUR FRIENDS AND SAIL program.

After 3 months and a very tight race, we have finally reach a decision . Mr. Miguel Peralta has win a $750 Carnival Gift Card; with 5 great new referrals that translate in more than $53,000.00 in disbursed loans.

Congratulations M. Peralta, take your next cruise on us.

OUR MicroLending Awarded for the Second Time by the CDFI Fund

“It is a pleasure to inform you that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) selected your organization for an award through the FY 2015 CDFI Program”. That is how the CDFI Fund announced to OUR MicroLending they are, for the second time, an awardee of their program.

Through 2015 the CDFI Fund received 306 Financial Assistance applications and 50 Technical Assistance applications requesting a total of $6 million. The CDFI Fund awarded 123 certified CDFIs for Financial Assistance, and 29 certified and emerging CDFIs for Technical Assistance; OUR MicroLending is proud to be one of the awardees for the Financial Assistance portion of the program.

OUR MicroLending has been a certified CDFI since 2013, and from that year on, they have been committed to help their community with microloans that support the financial growth of microentrepreneurs and their businesses.

Today, we want to thank and congratulate the team that has made this award possible, every one of you has played a very important role in achieving the goal.

Difference Between Small Business Loans & Microbusiness Loans

Have you ever taken a moment to review the Small Business Size Standards provided by the U.S. Small Business Administration (SBA)? You’ll find that the standards are a little different depending on the business’ industry, but that’s not the most surprising thing you’ll discover. If you’re like most people, you’ll be most surprised to learn that, for the most part, a small business is one that employs less than 500-1,000 employees. Doesn’t that seem like a shockingly high number, especially when the corner store you dream of owning will be run by your small family of four? How does the SBA treat your small business differently from one that employs 250 people? In reality, it doesn’t.

The SBA does not make it easy to receive a loan. The application is long and arduous; paperwork is kept for months before anyone comes to a decision. If you have a great business record, you may be eligible to loans from $50,000 and up, but in many cases you’ll have to have 1 to 2 years of proven revenue and at least 10 employees to qualify. In short, these strict rules and standards make it impossible for someone who may, like you, dream of growing a small corner store to pay your family’s expenses and put food on the table.

This is why Our MicroLending believes that it is important to separate the microbusiness from the small business. According to the Association for Enterprise Opportunity, The Voice of Microbusiness (AEO), 9 out of 10 businesses in the U.S. are microbusinesses. The AEO defines a microbusiness as one with five or fewer employees. This is a very distinct difference from the “small” business size! And it’s these microbusinesses that the AEO is lobbying for, and that Our MicroLending focuses on helping with our microbusiness loans.

A microbusiness loan allows these smaller enterprises the opportunity to get the money they need to grow their business. They don’t require extensive credit checks or background information, and because the lender, like Our MicroLending, is invested in the success of the borrower, the transaction is much more personal and designed to help the borrower be successful in his or her business ventures. Microloans can range from $1,500 – $20,000 in most cases, with some special cases receiving up to $50,000.

Small Business Loans & Microbusiness Loans

A microloan analysis takes just 24 hours, so the borrower can receive their money as quickly as possible, often is as little as 72 hours. For a microbusiness owner who is needs capital right away to help their business grow, this is a breath of fresh air from what major financial institutions can make them go through. If you’d like to know more about what we do for microbusinesses, or you’d like to request a loan, please give Our MicroLending a call today.

Difference Between Small Business Loans & Microbusiness Loans

The Importance of Technical Assistance for Microentrepreneurs

The Importance of Technical Assistance for Microentrepreneurs

Okay, so you’ve been approved for a microloan and you’re ready to improve your business, but really, you’re not exactly sure what else is required. Don’t worry, you’re not alone. Many microentrepreneurs feel this way, and in many cases, they express that they don’t have the resources available to them to make the best financial choices for their business. That’s where Our MicroLending differs from the rest.

At Our MicroLending we provide our borrowers with technical assistance to help ensure the success of their business ventures. We are interested in seeing your business succeed as much as you are, so we make it easy for you to access services that help with everything from marketing and organization of finances to computer training. We find that our borrowers really appreciate having this kind of information available to them, and it makes for a more successful relationship for both parties.

At Our MicroLending we understand that the typical microentrepreneur starts a business to create stability for their family. Their families depend on the success of the business, and so the microentrepreneur throws him or herself into the business without ever establishing a business plan or evaluating financials. For many, it is just “go with the flow,” which can lead to accidental overspending, loss of goods, and other negative consequences. Our tools are designed to change all of that. We want our borrowers to make the best of the loans we’ve given them.

To ensure that our borrowers take advantage of some of the technical resources available to them, we provide every borrower with 5-30 minutes of technical assistance before we disburse the loan, so that they understand the commitment involved. For those who have been denied by regular banking institutions because they’re considered high-risk or their credit scores are too low, this assistance is welcomed. You’d be surprised at how many of our borrowers continue to seek out our assistance throughout the term of their loan!

Technical Assistance

If you’re interested in more about what we do, please feel free to give us a call. You’ll also find lots of information within our blog posts, including social media marketing tips and success stories from some famous entrepreneurs. At Our MicroLending, we truly care about the growth of your business and your community, so don’t place your business dreams to the side and let us see how we can help you today!

Microfinance Loan Program

Microfinance Loan Program - Our MicroLending

The Florida Microfinance Act is designated to help provide entrepreneurs and Small businesses in Florida access to credit, the Microfinance Loan program is part of this initiative and consist in short-term, fix-rate microloans in conjunction with technical assistance and training for entrepreneurs and their businesses.

Since January 2015, OUR MicroLending has been one of the loan administrators for this program alongside with the Florida Department of Economic Opportunity (DEO).

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How Micro Loans Can Help Your Small Business Grow

If you’ve put been putting the growth of your business on the back burner because you don’t have the funds to carry it out, then you should consider a microloan. A microloan is a small loan that is given to small businesses to help them grow. They can range anywhere from $500 to $50,000, but according to the U.S. Small Business Administration, the average loan amount is somewhere around $13,000. They’re typically good for anyone who is has a startup, or who needs funds to continue growing their business.

Banks don’t normally lend out small amounts of money, which is why microloans are perfect for small business owners who just need a little extra boost to keep going, or for those with a business plan to turn their ideas into a reality. There’s less risk and less documentation involved, which means your chance of receiving the loan you need for your small business is quicker and involves fewer obstacles. Microloans are the solution you’ve been looking for when it comes to answering the age-old question of “How am I going to pay for that?”

It’s no secret that many small businesses operate at a loss. A microloan can help change that. Whether you need more supplies, more manpower, or just more money in general, a microloan can help. By borrowing just what you need, you avoid the problem of getting your small business into unmanageable debt. Paying your loans back is easy and payment plans are structured in a way that make it easy to pay on a monthly basis over a specified term amount.

If your credit score is less than perfect and has made it difficult for your business to receive credit for necessary purchases, then you’ll be happy to learn that microlenders will often provide loans for people with lower than average credit scores, and in some cases people with little credit history. Microlenders are interested in helping entrepreneurs or small businesses who have been turned down by banks and other financial institutions, but have a clear goal in mind for the future of their business.

Before you consider borrowing against your mortgage or begging friends and family for help, consider a microloan from Our MicroLending. This could be the easiest solution to getting the funds you need to grow your business!

Developing New Jobs Through Microfinance

Microfinance helps create jobs in your community. How does it do it? By giving people in the community access to the funds they need to start or grow their small businesses. These funds are provided by investors who have a vested interest in helping their communities prosper by giving loans to business-minded individuals with a dream to operate a successful small business in their community. For people who don’t have access to loans provided by larger institutions, microloans may be the only opportunity they have to get the money they need to follow their dreams.

Here’s an example of how a microloan can help develop new jobs in your community. Maria recently moved to Florida and her family works hard to sustain their day-to-day life. She finds that she has a passion and a skill for food and decides that she would like to open up a catering business someday. Unfortunately, Maria’s family does not have the funds to lend her in order for her to get the supplies she needs to get started. Maria already has some interested clients, but she is at a standstill. Banks will not give her loans because she doesn’t have substantial credit and Maria doesn’t have enough in life savings or assets to cover the small amount she needs to purchase a van, some catering supplies, and hire a helper or two. It would seem as if Maria’s dream is impossible to fulfill.

Maria decides to contact a microlender and apply for a microloan, in the amount of $6,000. This is enough to get her started, and she is able to cater several small events. Using the money that she has earned, she is able to slowly grow her catering business, and hires more people to work for her. Because Maria sought out microfinance, she was able to start her business and create jobs in her community. At the same time, she is able to provide more for her family, helping improve their economic situation all around.

By granting opportunities to individuals who have a plan to transform their economic situations, microlenders help create and develop new jobs. While large credit institutions and banks may turn applicants away for several reasons, microfinance companies are willing to work with members in their respective communities, so that everyone wins.

7 Things Confident Entrepreneurs Never Do

By Sujan Patel

If you want to be a successful entrepreneur, you have to bleed confidence. Starting something on your own takes tenacity, faith and determination to make it work. To have a business that makes it past the first 18 months, these qualities of poor leaders are certainly going to be on your list of things to avoid:

1. Second guess themselves and their employees.

True confidence comes from being able to trust your team and yourself. Make sure your hiring process is long enough to find and keep the right people, as this can make or break your company. Many employers are now offering pre-cations or hiring employees for an initial first project to make sure they are a good fit before hiring them full time.

Offering a fun and secure work environment with great benefits, profit sharing and new technology can let employees know you appreciate them while also helping them become more emotionally invested in the future of the company.

If you find yourself second guessing yourself or your employees, take the time to fix it before your confidence becomes too shaken.

2. Compromise their priorities.

When you are building a business, great employees are key, but many entrepreneurs get so tied up in making their business work that they forget about what else in their lives are important to them.

Building a business is their main concern, but relationships with friends and family can slip through the cracks if they don’t make it a priority to schedule time for them.

This also goes for hobbies and “self-care” time: meditation, exercise, reading and other things done for enjoyment (even if it’s just browsing on ESPN or some other news site for a few hours) deserve to be scheduled just as much as work projects or meetings. It has been shown that hobbies make people more happy than money, according to the Portland Psychotherapy Clinic. Confidence is boosted when stress is reduced through hobbies and time with loved ones.

3. Refuse to learn new skills.

The confident and successful entrepreneur has to adapt to their business’s current needs. While you may need a programmer or designer to make website changes, it may not be in the budget, or they might stuck working on a different project. Instances like this require the confident entrepreneur to put aside any trepidation at learning something new, such as coding or graphic design. Websites such as Skillshare, Lynda, CodeAcademy, UniversalClass and Treehouse (or local community colleges) can help entrepreneurs learn new skills without a high monetary cost.

4. Focus on external validation

It can be endlessly satisfying to hear positive feedback from the media or others about your company or products, but confident entrepreneurs and companies shouldn’t take it less (or more) seriously than negative feedback.

Focusing on internal goals and ideas is what built the company in the first place, so while external feedback is a great way to improve a product, it shouldn’t have the power to completely overhaul how you work or ruin your day. Too many business owners focus on what others are thinking and it ends up impeding their creative process, which in turn causes their products to suffer.

5. Worry about competitors.

There’s a difference between worrying about competitors and knowing what they are up to. It’s smart to see what products and services are available in your current market, but just like external validation, if you get caught up in trying to “keep up with the Joneses,” it doesn’t leave much room for actually outpacing your competition.

If you want to stay on top, think of all the ways the customers in your market aren’t being served, and focus on solving that need.

6. Avoid networking and public speaking.

When it comes to finding out industry needs, it’s a cold, hard truth for introverts and other shy people that being able to communicate confidently and well is key to building a business.

For most entrepreneurs, having good networking and speaking skills are key, as others’ impressions of you will in turn influence how they feel about your product or company. If you aren’t good at networking or speaking, try joining Toastmasters or attending free events by your local chamber of commerce.

7. Be ignorant of trends or current events

There’s a quiet confidence that comes from staying up to date with the latest technology, national and international news and other trends that are popular in mainstream culture. Society has a huge effect on businesses, no matter the industry or niche, and knowing what’s popular now can help influence and improve products and businesses.

While it’s important to look to the future to solve upcoming needs, current trends can help predict what’s happening next. Subscribe to blogs and websites such as CNN, The New York Times, Wired and Reddit to see what is new and part of current pop culture.

Whether you are networking in a room filled with potential customers or working with your trusted employees on a new, innovative product, confident entrepreneurship means trusting in your brand, business and yourself.


We got it!

Thanks to our friends, family, fans, and clients, we got the 250 votes we needed for the Chase Mission Main St Grant; next step is to wait for the final decision of the panel.

Thank you all for your support. Together we can make a difference for South Florida’s micro-entrepreneurs.

Happy Birthday OUR

Today is our 7th anniversary and we are proud to say that it has been awesome.

Together with our micro finance family and friends, we have achieved a great success, and helped more than 400 micro entrepreneurs .

We would like to take this opportunity to thanks all the people that has been involved in this adventure.

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