Microloans
Name of Funding
Microloans
Source of Funding
US Small Business Administration
Contact Name
Maine District Office
Contact Phone Number
(207) 622-8551
Description

This program provides up to $50.000 to help small businesses rebuild, repair, re-open, enhance, or improve its business. Examples include working capital, inventory, supplies, machinery, equipment, etc. The maximum repayment term is 6 years and interest rates are generally between 8 and 13%.

How To Apply

- SBA-approved lenders decide all credit and term conditions for your loan.

Additional Links

This funding is available through certain nonprofit, community-based organizations who are experienced in loan and business assistance. Find your local SBA-approved intermediary here

Office Directory

For more detailed information click here

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