|Financially Reviewed by Somer G. Anderson|
|At a glance — Microloans can be advantageous for small businesses that need a quick cash injection, or those that are just getting started. They typically have a quick application process, and lenders may accept lower credit ratings than traditional loans. On this page, you will find the right microloan for your business.|
The Top Microloans for Small Businesses
There are several options of microloans for small businesses. Our experts have created the table below, so that you can easily compare them and choose the best solution for your business needs.
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$500 - $50,000
|Vary by lender, but usually 8-13% APR|
Business owners can’t have child support payments more than 60 days overdue
$25 - $15,000
Starting at 0% APR
A friend or family member must lend to your business.
Max $1 million, no published minimum
Startups need a cosigner.
$500 - $1 million
Rates not published - calculated after application
Your business must be located in one of the 13 states served. Startups need to show another source of income.
Amounts vary by lender
Requirements vary since Fundera links you to lenders.
Initial max loan amount of $2000. Subsequent loans can be larger
Starting at 15% APR
Loans for female entrepreneurs. You must form a group with four low-income women, and all need to participate in financial training.