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FEDERAL
SBA Microloan Program — Minority-Owned Startup & Small Business Funding
SBA Microloans up to $50,000 are administered through SBA-approved intermediaries — many of which are minority-serving CDFIs — with a focus on underserved minority entrepreneurs.
About this program
Visit the program website for full details.
Eligibility
Minority-owned startups and small businesses needing up to $50,000 in capital; applied through SBA-approved microlenders.
Requirements
- Minority-owned business or startup
- Apply through SBA-approved microlender or CDFI
- May require business plan and some collateral