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.
Aliases (2)
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal assistance program
→
small business loan program → |
| administeredBy |
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
→
|
| currency |
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
→
|
| 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
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
U.S. Small Business Administration
→
|
operatesProgram |
|
7(a) Loan Program
("SBA loan programs")
→
|
partOf |
|
7(a) Loan Program
("SBA Microloan Program")
→
|
relatedProgram |