Microloan Program

E40267

The Microloan Program is a U.S. Small Business Administration initiative that provides small, short-term loans to startups and small businesses that may not qualify for traditional financing.

All labels observed (3)

Label Occurrences
SBA Microloan Program 2
Microloan Program canonical 1
SBA loan programs 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf United States federal assistance program
small business loan program
administeredBy U.S. Small Business Administration
surface form: SBA Office of Capital Access

U.S. Small Business Administration
benefits access to capital for underserved entrepreneurs
business training and counseling through intermediaries
country United States of America
surface form: United States
currency US dollar
surface form: USD
eligibilityRequirement for-profit small business
nonprofit child-care center
focus businesses that do not qualify for traditional bank loans
fundingMechanism loans to nonprofit intermediary lenders
interestRateType negotiated with intermediary lender
intermediaryType nonprofit community-based organizations
levelOfGovernment federal
loanSecurity may require collateral
may require personal guarantee
loanStructure SBA lends to intermediaries who lend to end borrowers
loanTermMaximumYears 6
loanType microloan
maximumLoanAmountUSD 50000
provides technical assistance to borrowers
purpose assist borrowers who may not qualify for traditional financing
provide small, short-term loans to small businesses
provide small, short-term loans to startups
relatedTo 7(a) Loan Program
CDC/504 Loan Program
riskProfile higher-risk borrowers than conventional lenders accept
sector small business financing
statutoryAuthority Small Business Act of 1958
surface form: Small Business Act
supports business expansion
business startup
targetAudience nonprofit child-care centers
small businesses
startup businesses
typicalLoanAmountRangeUSD 13000
useOfFundsAllowed equipment
fixtures
furniture
inventory
machinery
supplies
working capital
useOfFundsNotAllowed pay existing debts
purchase real estate
website https://www.sba.gov/funding-programs/loans/microloans

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

7(a) Loan Program partOf Microloan Program
this entity surface form: SBA loan programs
7(a) Loan Program relatedProgram Microloan Program
this entity surface form: SBA Microloan Program
Small Business Administration 7(a) Loan Program relatedProgram Microloan Program
this entity surface form: SBA Microloan Program