SBA Microloan Program for Rural Lenders
SBA microloans up to $50,000 administered through community-based nonprofit lenders that often serve rural and underserved markets.
About this program
The SBA Microloan Program provides small loans averaging around $13,000 (up to $50,000) to small businesses including those in rural areas through nonprofit community-based intermediary lenders. Many SBA microlender intermediaries explicitly serve rural markets and underserved entrepreneurs in towns with limited banking access. Funds can be used for working capital, inventory, supplies, furniture, fixtures, machinery, and equipment. The program includes business-based training and technical assistance from intermediary lenders.
Eligibility
Small businesses including those in rural areas; specific credit and underwriting requirements vary by intermediary lender; cannot use funds to pay existing debts or purchase real estate.
Requirements
- Application through SBA-approved microlender
- Business plan
- Personal and business credit review