Microloan

What is a Microloan and Where Can You Get One for Your Small Business?

Microloans are small loans which are issued to businesses by individuals opposed to credit unions or banks. The concept of microcredit originated in the developing world, as a means of helping people in smaller economics have the ability to launch their own business. Microlending subsequently took off around the world, and today, small business microloans …

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SBA Microloan Program Celebrates 25 Years

This week marks 25 years since the U.S. Small Business Administration (SBA) launched its Microloan Program. The program is designed to support microlending to businesses throughout the United States by providing loan capital and grants. The aim is to provide small businesses, otherwise unable to secure capital, with the financial support required to grow their …

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