1: Microloans

Help the smallest of small businesses become established and achieve success

Other Information:

The Microloan program helps the smallest of small businesses become established and achieve success. It provides loans to community-based intermediary lenders which, in turn, re-lend the funds in amounts of $50,000 or less ("microloans") to start-ups, newly established, and growing small businesses in need of small-scale financing. Intermediaries may also receive grants to help fund the cost of providing business-based training and technical assistance to microbusinesses. The fusion of capital and training helps shore up the capacity of the microborrower to turn a profit, improve operations, grow the business and create jobs.

Stakeholder(s):

• Small Businesses
  •  (Beneficiary)


• Community-Based Intermediary Lenders
  •  (Performer, Beneficiary)

Objective(s):

1: Businesses & Jobs

2: Small Business Needs

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