SBA Microloan Program

The SBA has a microloan program that provides SBA loans to nonprofit intermediary lenders that, in turn, lend amounts under $50,000 to for-profit small businesses and nonprofit child care centers. The SBA does not guarantee any portion of the loans made under the SBA Microloan program. Microloans have terms up to 6 years, and the average size is about $13,000.​


SBA Microloan qualifications will vary from intermediary to intermediary. Unlike most of the SBA loan programs, the SBA leaves qualifications up to the intermediary, which sets all eligibility requirements and makes all credit decisions.


The basic requirements to qualify for an SBA Microloan are:

Credit score: 640+ (check yours for free)

Collateral: Some required, but the amount varies by lender.

Personal guarantee: Required