Canonical program record
SBA Microloan Program
Approved nonprofit intermediaries make small repayable loans for working capital and eligible equipment or supplies; the intermediary sets credit decisions and terms.
What this mechanism does
- Mechanism type
- Loan
- Economic effect
- Finance the remaining cost
- Administrator
- U.S. Small Business Administration and approved nonprofit intermediaries
- Amount or value
- Repayable financing up to $50,000; the intermediary confirms the actual amount, rate, and maturity.
- Cash-flow timing
- Loan proceeds arrive after intermediary underwriting and closing and must be repaid under intermediary terms.
- Upfront cash
- Required
- Repayment
- Required under the financing terms
- Program lifecycle
- Current / rolling
- Visitor treatment
- Worth checking now
This current pathway still requires program-specific eligibility and sequence checks.
Important dates and consequences
No separate material date is recorded for this edition. Current status still requires the verification dates shown in this record.
Project fit and limits
Eligibility conditions to confirm
- The business must be an eligible for-profit operating small business in the United States.
- An SBA-approved intermediary must underwrite and approve the request.
Eligible costs described by the authority
- Working capital, inventory, supplies, furniture, fixtures, machinery, and equipment
Ineligible or excluded costs
- Existing debt
- Real-estate purchase
Friction to plan for
- Official SBA pages conflict: the borrower page says a seven-year maximum maturity while the current lender comparison says six years.
- Use conservative public copy and require the approved intermediary to confirm the term.