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The SBA MicroLoan Program provides working capital to smaller businesses. Under the MicroLoan program the SBA facilitates loans to intermediary non-profit lenders who in turn make non SBA guaranteed loans to for-profit businesses and non-profit child care centers. In 2016, these intermediary lenders loaned a total of $58 million to small businesses, with the average loan amount just under $15,000.
Office equipment for a graphic design company
Operating capital for a non-profit child care center
Promotional costs for a startup
What are the pros and cons for an SBA microloan?2022-12-01T20:31:56+00:00
Big Think Capital provides business borrowers a straightforward and transparent funding platform, informational resources to fully understand options, and working the highest standards of business ethics.