The Microloan program helps entrepreneurs who need small amounts of capital. The Small Business Association makes funds available to local non-profit intermediary organizations that, in turn, provide loans of $35,000 or less to existing small businesses. These intermediary organizations have their own lending criteria, set their own rates, and ensure that all credit decisions are made locally. You'll need to find a local SBA office, and you'll need collateral for your small business loan.
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