13 C.F.R. § 120.700

Current through May 31, 2024
Section 120.700 - What is the Microloan Program?

The Microloan Program assists women, low income individuals, minority entrepreneurs, and other small businesses which need small amounts of financial assistance. Under this program, SBA makes direct and guaranteed loans to Intermediaries (as defined below) who use the proceeds to make loans to eligible borrowers. SBA may also make grants under the program to Intermediaries and other qualified nonprofit entities to be used for marketing, management, and technical assistance to the program's target population.

13 C.F.R. §120.700

61 FR 3235, Jan. 31, 1996, as amended at 66 FR 47073, Sept. 11, 2001