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SBA Microloan Program

By Jean Murray, About.com

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

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