Loan Program Targets Entrepreneurs
If you need to borrow $25,000 or less, check out this SBA program.
SBA financing isn't limited to the 7(a) group of loans. TheMicroLoan Program helps entrepreneurs get very small loans, rangingfrom less than $100 up to $25,000. The loans may be used formachinery equipment, furniture, inventory, supplies and workingcapital, but not to pay existing debts. This program is uniquebecause it assists borrowers who generally don't meettraditional lenders' credit standards.
Excerpted from Start Your Own Business: The Only Start-UpGuide You'll Ever Need