Business · Funding
Microloan Program
Offered by SBA
Open year-roundApply anytime. Applications are reviewed as they come in.
About
About This Program
SBA microloans of up to $50,000 through nonprofit lenders, to help small businesses and some childcare centers start up and grow.
SBA's Microloan program provides loans of up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand; the average microloan is about $13,000. SBA funds nonprofit, community-based intermediary lenders, which make all credit decisions, set the terms and also offer management and technical assistance. Microloans can pay for working capital, inventory, supplies, furniture, fixtures, machinery and equipment, but not existing debts or real estate. The longest repayment term is seven years, and interest rates generally run between 8% and 13%, depending on the lender. To apply, work with an SBA-approved microlender; SBA's list of microlenders serving Georgia includes Access to Capital for Entrepreneurs (ACE).
Eligibility
Who Can Apply
- Operating, for-profit small business located in the U.S.
- Certain not-for-profit childcare centers
- Small under SBA size standards
- Not an ineligible business type
Area served: State of Georgia
The offer
What's Offered
- Loan of up to $50,000 (average about $13,000)
- Uses: working capital, inventory, supplies, furniture, fixtures, machinery and equipment
- Repayment term of up to seven years
- Interest generally 8% to 13%, depending on the lender
- Management and technical help from the lender
Amount: Up to $50,000; average about $13,000
Get ready
What You'll Need
Not provided yet.
Key dates
Dates
OpensYear-round
DeadlineRolling
Last reviewedOct 28, 2026
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