SBA Microloan
SBA microloans are small loans, up to 50,000 dollars, often made through nonprofit intermediary lenders.
Each loan type has different costs, terms and approval rules.
Key points
- Each loan type has different costs, terms and approval rules.
- Match the product to what you will use the funds for.
- Ask for the APR and total repayment amount.
Related: business loan interest rates, loan requirements, how to get a business loan.
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