SBA Microloan Program

The SBA Microloan Program provides small businesses and startups with access to relatively small loans, typically up to $50,000, to help fund operations, inventory, or equipment. Funded through intermediaries like nonprofit lenders, these loans often have favorable terms, including lower interest rates and flexible repayment options. The program aims to support entrepreneurs who might not qualify for traditional bank loans, fostering business growth and economic development. It also offers training and technical assistance to help borrowers succeed and expand their ventures effectively.