SBA microloans
Small loans through local nonprofit lenders for startups and small businesses.
Apply on the official site ↗Goes to SBA.gov. Applying is free.
Who generally qualifies
Small businesses and startups that need a small loan.
Exact income limits and rules are set by U.S. Small Business Administration and can change. Check the official site for current details.
How to apply
- Find an SBA microlender serving your area.
- Submit a business plan and loan application.
What to have ready
- Business plan
- Financial statements
- Credit history
Common questions
- Does it cost anything to apply?
- No. Applying through the official site is free. Be wary of anyone who charges a fee to apply for you.
- Do I have to pay it back?
- Yes. This is a loan and must be repaid, usually on better terms than a regular loan.
- Who decides if I qualify?
- U.S. Small Business Administration makes the final decision. This page explains the program in general terms only.
- Where can I find current income limits and amounts?
- Income limits, benefit amounts and deadlines change, so check SBA.gov for the latest details.
Link checked October 22, 2026. BenefitSearch is not affiliated with U.S. Small Business Administration.