There are many microloan programs available to entrepreneurs. We’re offering the top three. Included in this list is the Small Business Administration program.
- The SBA funds lenders, not borrowers
- This programs provides loans of up to $50,000 for start-ups or to help small businesses expand and can provide loans of up to $50,000
- Repayment is up to 5 years
- Interest rates are approximately 8%-13%