MicroloanEasy difficulty

SBA Microloan Program

U.S. Small Business Administration

Amount
$500 – $50K
Interest Rate
8–13% fixed
Max Term
6 years
Approval Time
2–8 weeks

About This Program

Small loans up to $50,000 for startups and early-stage businesses. Offered through SBA-approved nonprofit intermediary lenders. Great for businesses that cannot qualify for traditional bank loans.

Eligibility Requirements

Minimum Credit Score
575
Minimum Years in Business
None (startups welcome)
Minimum Annual Revenue
None
Eligible Business Types
sole proprietor, llc, s corp, c corp, partnership, nonprofit

Documents Required

  • Business plan
  • Personal credit check
  • Personal guarantee
  • Collateral (if available)

How to Apply

  1. 1Check your eligibility using our free checker tool
  2. 2Gather the required documents listed above
  3. 3Visit the official program page and submit your application
  4. 4Wait for review — typical approval takes 2–8 weeks
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