Micro Loans

Under the Micro Loan program, the applicant’s personal commitment to the success of the business is assessed. Equity can be provided in the form of cash and/or assets, but can also take the form of participation in targeted business skills training, in order to be considered for 0% cash equity. The minimum loan amount under the program is $2,000 to a maximum loan amount of $20,000. Loan fees will not exceed $150 or 1% of the loan, whichever is the greater.