Not every business needs six figures — sometimes a few thousand dollars is the difference between stuck and started. Business microloans provide small amounts of capital with lighter requirements than a big bank loan, making them a natural fit for startups and small or underserved businesses.
Where microloans come from
- SBA microloan program — up to $50,000 via nonprofit intermediary lenders.
- CDFIs & nonprofits — mission-driven lenders serving underserved owners.
- Online lenders — small revenue-based loans and lines for quick needs.
More than money: many microloan programs pair funding with free mentoring and training — valuable if you're early in your journey.
What owners use microloans for
Inventory, equipment, supplies, working capital, marketing, and startup costs. Need a different amount or speed? Compare startup business loans, working capital, and equipment financing.
Typical guidelines
| Requirement | Typical minimum |
|---|---|
| Loan size | Small — often up to $50,000 |
| Time in business | Startup-friendly |
| Credit score | Flexible; some programs no minimum |
| Documents | Application + basic financials/plan |
Frequently asked questions
What is a microloan?
A small business loan (often up to $50k) for startups and small businesses, with lighter requirements than bank loans.
Who qualifies?
Startups and small or underserved businesses; many programs add mentoring.