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What is a Micro Loan and How do I Get One?

A micro loan is a small loan for businesses up to $50,000. The average amount for a micro loan is $13,000.

The Small Business Administration provides funds to non-profit organizations that distribute these loans to small businesses that apply and are eligible.

Usually, these non-profit lenders require collateral and a personal guarantee to repay from the small business owner.

Follow this link to find out more:
https://www.sba.gov/funding-programs/loans/microloans

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What is a Micro Loan and How do I Get One?

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