The microloan program provides loans up to $150,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000 and these funds can be available in as little as ONE WEEK.

SBA provides funds to specially designated intermediary lenders partnered with ESU-Global, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. Through ESU-Global these intermediaries administer the Microloan program for eligible borrowers.

Microloans  can  be used for a variety of purposes that  help small businesses expand. Use them when you need  up to $150,000 to  rebuild, re-open, repair, enhance, or improve your small business.

Examples include: 

• Working capital 
• Inventory 
• Supplies 
• Furniture 
• Fixtures 
• Machinery 
• Equipment 

Proceeds from an SBA microloan  cannot  be used to pay existing debts or to purchase real estate.