Microloans are - you guessed it - small loans. They have a relatively small dollar amount and are used to help entrepreneurs grow or sustain their small businesses. Typically, microloans are given in struggling communities to support entrepreneurship and the local economies. United States businesses actually receive only a tiny percentage of the microloans around the world.
With a name like microloan, you’d think the dollar amounts would also be miniscule. But that actually varies quite a bit depending on who you ask. Microloans typically range from $500-100,000, with the average microloan in the U.S. totaling about $13,000.
While our lending partners don’t technically consider their loans to be microloans, we can help find funding for small businesses looking for nearly any amount of money, even if it’s just a grand or two.
Even if you’re looking for a modest amount of money, take a few minutes to fill out our online application and see your options. There’s no cost or obligation to check ‘em out - and our funding managers are happy to help you review your options and choose a loan that’ll ma