"Microloan PROGRAM" 
BY U.S. Small Business Administration (SBA)

What is a SBA Microloan ?

The microloan program provides very small loans to newly established, start-up, growing small business concerns and some not-for-profit childcare centers to launch or expand the business.

How the Microloan Works ?

SBA provides funding to microlender intermediary, which are community-based nonprofit organizations with experience in lending as well as technical assistance and management.

Who is Eligible for SBA Microloan ?

Each intermediary lender has its own credit and lending requirements. In general, intermediaries need some type of collateral as well as the business owner's personal guarantee.


How to Use a Microloan ?

Microloans are used for things like rebuild, repairing, or improving projects as well as for working capital or things like buying furniture, fixtures, supplies, and equipment. 

HOW MUCH is SBA Microloan Limit ?

The microloan program offers loans up to $50,000 to support the startup and growth of small businesses. The average microloan is about $13,000.

What are the Terms for Microloan ?

Terms vary according to size of loan, planned use and lender requirements. The maximum payback period for microloans is 6 years & interest rates normally range from 8% to 13%.

How to Apply for SBA Microloan ?


Work with an SBA-approved intermediary in your area to get a microloan. All credit decisions, terms and conditions of your microloan are made by lenders.