SBA Microloans Tailored for You
Small loans, big impact, your path to business success.
What are SBA Microloans?
SBA Microloans are designed to provide small amounts of financing to start-up, newly established, or growing small businesses. Administered by the SBA through nonprofit intermediary lenders, microloans can be used for various business purposes, including working capital, inventory & equipment. Discover how SBA Everyday can help you access these flexible and accessible funding solutions for your small business.
SBA Microloans offer up to $50,000 in financing to small businesses and nonprofit child care centers through nonprofit intermediary lenders. These loans aim to support underserved markets and help entrepreneurs who may not qualify for traditional bank loans due to limited credit history or collateral.
Boost Your Business With SBA Microloans
Empowering entrepreneurs with accessible financing solutions.
Key Features and Benefits
- Small Loan Amounts: Borrow up to $50,000 to meet your business needs, such as working capital or equipment purchases.
- Flexible Use of Funds: Use microloan funds for various purposes essential to your business’s growth and operations.
- Accessible Financing: Designed for startups and small businesses with limited access to traditional financing.
- Personalized Support: Receive guidance and support from nonprofit lenders and SBA Everyday throughout the loan process.
Fuel Your Growth: SBA Microloans Tailored for You
Fueling small business dreams with flexible funding options.
Eligibility Requirements
To qualify for an SBA Microloan, your business typically needs to meet the following criteria:
- Startup or Existing Business: Microloans are available to both new and existing small businesses.
- Small Loan Needs: Must demonstrate a genuine need for small-scale financing.
- Credit History: While some credit history is required, microloans are designed for businesses with less extensive credit records.
- Business Plan: Provide a business plan outlining how the loan will be used and your business’s financial projections.
Application Process
Applying for an SBA Microloan involves working with a nonprofit intermediary lender approved by the SBA. Here’s an overview of the process:
- Find a Lender: Locate an SBA-approved nonprofit intermediary lender that offers microloans.
- Prepare Documentation: Gather necessary documents, including your business plan, financial statements, and credit history.
- Submit Application: Complete the lender’s application process and submit all required documentation.
- Loan Approval: The lender reviews your application. Once approved, funds are disbursed to your business.
How SBA Everyday Can Help
At SBA Everyday, we specialize in connecting small businesses with SBA-approved lenders offering microloans. Here’s how we can assist you:
- Lender Match: We help you find and connect with nonprofit lenders that offer SBA Microloans.
- Application Assistance: Our team provides guidance on preparing your application and ensuring all required documents are in order.
- Personalized Advice: Receive expert advice tailored to your business’s specific needs and financial situation.
- Ongoing Support: We support you throughout the loan process, from application submission to fund disbursement.
Get Started Today
Ready to explore the benefits of SBA Microloans for your small business? Contact SBA Everyday to learn more about how we can assist you in securing the financing you need. Our dedicated team is committed to helping small businesses thrive.
Call to Action
Contact SBA Everyday today to get started with your SBA Microloan application. Let us empower your business’s growth with accessible and flexible financing solutions.