Definition:
The SBA Microloan Program provides very small loans to new businesses or for small business growth. The program works through non-profit community based lenders (intermediaries) who make loans of up to $35,000.
The non-profit organizations set up their own loan requirements, including collateral and personal guarantees. The non-profits continue to work with the business owners to provide training and technical assistance.
Two non-profits that provide microloans through the SBA are:
Back to SBA Loan Programs Overview
Also Known As: Intermediary Loans
Alternate Spellings: Micro-loans
