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
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