Article · 5 min read

SBA Microloans

U.S. Small Business Administration · sba.gov Free Beginner

The SBA's page on its microloan program: loans of up to $50,000, averaging about $13,000, made by nonprofit intermediary lenders, generally at 8% to 13% and repayable over up to seven years.

  • Microloans go up to $50,000; the average is about $13,000.
  • Use them for working capital, inventory, supplies or equipment, not to pay existing debts or buy real estate.
  • Interest is generally 8% to 13%, and the maximum term is seven years.
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The question it answers

  1. How do I get a startup business loan in the US, even with no revenue?

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