Government Grants, Loans: Microloan Program (Program Objectives)

Your FREE Online Guide to ALL U.S. Government Grant and Loan Programs for Business!

Web	Business.GrantGate.org


Small Business	Small Business Owner	Back to Women And Minority Owned Business	Anyone / General Public

Back to Home Page

See AidPage for more information on:
Microloan Program

Microloan Program

Tell-a-Friend

OBJECTIVES
		To assist women, low-income, and minority entrepreneurs, business owners, and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns. Under the Program, the Small Business Administration (SBA) will make loans or provide guaranties to private, non-profit, and quasi-governmental organizations (intermediary lenders) that will use the loan funds to make short-term, fixed interest rate microloans in amounts up to $35,000 to start-up, newly established, and growing small business concerns. These microloans are to be used exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and/or equipment. In addition, the SBA will make grants to participating intermediary lenders to provide marketing, management, and technical assistance to prospective borrowers and borrowers receiving microloans. In addition, the SBA will make grants to non-profit organizations, which are not intermediary lenders, to provide marketing, management, and technical assistance to low-income individuals seeking private sector financing for their businesses. Under the Program, SBA will also provide training for intermediary lenders and non-lenders participating in the Program.

Grant search software.
Free for personal use.

Small Business

Small Business Owner

Back to
Women And Minority Owned Business

Anyone / General Public

Back to Home Page

Visit:	· Housing.GrantGate.org · RealEstate.GrantGate.org · Health.GrantGate.org	Download Free Trial Grant Software!	^ Top of Page
Entrepreneurs... Men and Women, Business Owners and Managers! Bookmark this page!

This site is a free service to the public by IDILOGIC - creators of Federal Money Retriever® and GrantGate®. "When it comes to looking for government grant money... Federal Money Retriever is the best of the best." —The Wall Street Journal
Copyright © 1994-2009 IDILOGIC