Microloans: Another Funding Option for Startups

Source: Inc Magazine 

Overview:  Advice for small businesses on what to expect when applying for a microloan, including finding a microlender, document preparation, and loan repayment.

“What happens if your business gets turned down for a loan by conventional banks? What happens when bank credit to small businesses tightens up? What do you do? One option would be to apply for a microloan, a small business loan ranging from $500 to $35,000 (and sometimes more) that is well-suited for small businesses or startups that maybe don’t have a credit history, can’t secure the funds through a bank loan, don’t have collateral, or have other risk factors.”  Inc. Magazine How to Secure a Microloan.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s