$175 million to create a “community navigator” pilot program to increase awareness of and participation in COVID-19 relief programs for business owners currently lacking access, with priority for businesses owned by socially and economically disadvantaged individuals, women, and veterans Isabel Guzmani...
Businesses can get SBA microloans for up to $50,000. The SBA microloan program is geared to help minority businesses. You have to apply through an approved community-based lender. SBA microloans are small loans of up to $50,000 that are funded by the U.S. Small Business Administration...
SBA Microloan Best for: Home businesses, nonprofits Loan amount: $50,000 Term length: Up to 6 years Interest: 8-13% SBA Disaster Loan Best for: Physical catastrophes or economic injury Loan amount: $2 million Term length: 3-30 years Interest: 4-8% We’ve broken down the six types of...
Provides information about several programs that are geared toward financing women and minority-owned businesses. Programs including The Women's Prequalification Loan Program, The LowDoc Program, The Microloan Program, The Women's Demonstration Program, and The Women's Network for Entrepreneurial ...
This program is an excellent choice for young firms, those in historically "risky" industries, and those businesses which are owned by women, minorities, and veterans. To be eligible for SBA Community Advantage loans, lenders must commit to providing at least 60% of the program's funding to ...
Another $30 million will expand the SBA's microloan program, which pro- vides small loans through community partners, or microlenders. The $30 mil- lion is enough to finance up to $50 mil- lion in new lending and $24 million in technical assistance grants to microlen- ders, according ...