Money to Local Organizations for Small Businesses

The Micro Loan program provides very small loans to start ups, newly established or growing small businesses. Its objective is to help business owners, especially women, low-income entrepreneurs, minorities, potential entrepreneurs, and those located in hardship areas lacking credit due to economic conditions. These micro-loans can only be used for working capital, supplies, furniture, fixtures, inventory, equipment and/or machinery. The SBA makes grants to participating intermediary lenders to provide marketing, management and technical assistance to micro-loan recipients. For more information on this program (59.046 Micro-loan Demonstration Program) contact the Small Business Administration, Office of Financial Assistance, Micro-Enterprise Development Branch, 409 Third Street, SW, Eighth Floor, Washington, DC 20416; 202-205-6490; www.sba.gov
Income Eligibility: None