The SBA Microloan Program continues to provide smaller-dollar financing to entrepreneurs and small businesses through a nationwide network of nonprofit intermediary lenders.
SBA currently reports that Microloans can range from a few hundred dollars up to $50,000, with an average loan size of approximately $13,000. The program is designed to help small businesses start up and expand, with eligible uses including working capital, inventory, supplies, furniture, fixtures, machinery and equipment.
Unlike SBA’s 7(a) and 504 lending programs, Microloans are provided through nonprofit, community-based intermediary lenders. These organizations combine lending with management and technical assistance, providing borrowers with both financing and support as they build and grow their businesses.
SBA’s Office of Capital Access maintains several public datasets tracking Microloan activity. Its Microloan Segment Report allows users to examine approvals by fiscal year and borrower characteristics, while the Microloan Lender Report provides information on Microloan approvals by lender, state and fiscal year.
These resources provide an ongoing look at the reach of the Microloan Program and the businesses and communities served by SBA’s network of intermediary lenders.
Friends of the SBA Microloan Program will continue to highlight new data and developments related to the program as they become available.
Explore the data: