SBA Microloan Program
U.S. Small Business Administration (via SBA-approved intermediary lenders)
Loans up to $50,000 (average about $13,000)
Small loans for working capital, inventory, supplies, furniture, fixtures, machinery and equipment, made by SBA-approved intermediary lenders.
- Eligibility
- For-profit businesses located in the U.S. that meet SBA small-business size standards and are not in an ineligible category.
- Available in
United States- Benefits
- Maximum repayment term of seven years; rates vary by intermediary and generally range from 8% to 13%.
- Details
- Tiers, how to apply, what to watch out for and sources are free with an account.
