.avif)
SBA Microloans
SBA Microloans loans are part of the government insured program offering up to $50,000 for general funding.
.avif){kind=icon}
Loan Amount
$50,000
.avif){kind=icon}
Time to Fund
7 to 30+ days
.avif){kind=icon}
Term Length
Up to 10 years for working capital, equipment, and inventory purchases, up to 25 years for real estate, and up to seven years for lines of credit
.png)
What is an SBA Microloan?
SBA Microloans are an excellent option for small businesses seeking reliable government-backed financing. SBA Microloans are small, short-term loans of up to $50,000 designed to help small businesses and certain nonprofits with startup costs, expansion, or working capital needs.
What can SBA microloans be used for?
SBA microloans offer small businesses up to $50,000 in funding for startup costs, equipment, inventory, and working capital. Designed for early-stage businesses or those needing smaller financing amounts, these loans provide accessible funding with lower credit requirements. Microloans are particularly beneficial for minority-owned businesses, startups, and companies looking to build credit history.
.avif)
Minimum Requirements
.avif){kind=icon}
Credit Score
620
Monthly Revenue
No Minimum Revenue Requirement, Maximum Revenue limits depending on industry
Time in Business
No Minimum Revenue Requirement
Heading
SBA Microloans go up to $50,000, with an average loan size of around $13,000.
Microloans are designed for startups, minority-owned businesses, and businesses in underserved markets that may struggle to qualify for traditional financing.
Repayment terms can be up to 6 years, with interest rates ranging from 6% to 9%.
The process typically takes 30 to 60 days from application to funding.
No, SBA Microloans cannot be used to refinance existing debt. They are intended for startup costs, working capital, and small asset purchases.
Still have Questions?
Find the Right Lender
Tired of endless searches and dead-end introductions to bankers and brokers?
Bread Route has the right lenders, investors, and funding solutions—so you can focus on growing your business.
