SBA Microloan Financing Through Intermediaries

Is San Diego Posed To Be The Next Silicon Valley? From The Startup Garage
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The SBA micro-loan program makes funding available to intermediary, non-profit lenders who, in turn, make micro loans available to small business borrowers.  The maximum loan amount is $50,000, with a maximum term of 6 years at varying rates between 8 and 13 percent depending on intermediary costs.  Funds from a microloan can be used for working capital and purchase of assets, but cannot be used to pay existing debts or for real estate purchases.  In addition, the intermediary lenders of microloans provide educational and training assistance to borrowers, and in some cases participation in training education is required.

Lending and credit requirements vary by intermediary, though typically collateral and personal guarantee from the owner is required.

Whether you have a question about SBA Microloan through Intermediaries, or you’d like to discuss our business plan writing services, feel free to contact us for a free consultation!
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About Tyler Jensen

I work with entrepreneurs who are looking to attract investment and get out of the "Garage". I am passionate about helping entrepreneurs start companies that matter. I helped launch over 100 Companies, Non-Profits and Social Enterprises. I consider myself a serial entrepreneur, startup coach & trusted advisor. * Launching New Companies (For Profit, Non-Profit and Social Enterprise) * Expert Business Plan Writer * Extensive Network of Business Relationships focused on Launch & Rapid Growth of New Companies * Startup, Growth, Marketing, Technology, Web, Business Systems * Trusted Advisor to CEO’s & Entrepreneurs * Capital Raising Strategy Development * Startup Team Development The first company I started and sold is VAVi Sport & Social Club which grew to over 25,000 members in six years, was recognized as San Diego’s 30th fastest growing private company in 2006 by the San Diego Business Journal and 32nd fastest in 2007, and sold for over 25X the capital investment.