The Complete List of Lenders for the SBA Microloan Program — Loans Up to $50,000

SBA MICROLOAN

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The first step to getting an SBA microloan is identifying an approved SBA lender that can approve you for a loan up to $50,000. In this article we share a complete list of SBA microloan lenders and what the SBA microloan program is.

📌 Pro-tip: Want to track and apply for an SBA microloan lender & get recommended SBA lenders? Apply on the Skip Funding Assistant.

The SBA has an approved list of intermediary lenders participating in the microloan program. As such, the SBA does not rate lenders on an individual or geographically-specific basis.

For the purposes of this list, we've included all SBA approved microloan lenders that have a website, phone number, and contact email. If you want to see Skip's recommended SBA microloan lenders, go here.

Complete List of SBA Approved Microloan Lenders

Alabama Microloan Lenders:

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Arizona Microloan Lenders:

Arkansas Microloan Lenders:

California Microloan Lenders:

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Connecticut Microloan Lenders:

Delaware Microloan Lenders:

District of Columbia Microloan Lenders:

Florida Microloan Lenders:

Georgia Microloan Lenders:

Hawaii Microloan Lenders:

Idaho Microloan Lenders:

Illinois Microloan Lenders:

Indiana Microloan Lenders:

Iowa Microloan Lenders:

Kansas Microloan Lenders:

Kentucky Microloan Lenders:

Louisiana Microloan Lenders:

Maine Microloan Lenders:

Maryland Microloan Lenders:

Massachusetts Microloan Lenders:

Michigan Microloan Lenders:

Minnesota Microloan Lenders:

Mississippi Microloan Lenders:

Missouri Microloan Lenders:

Montana Microloan Lenders:

Nebraska Microloan Lenders:

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New Mexico Microloan Lenders:

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North Carolina Microloan Lenders:

North Dakota Microloan Lenders:

Ohio Microloan Lenders:

Oklahoma Microloan Lenders:

Oregon Microloan Lenders:

Pennsylvania Microloan Lenders:

Rhode Island Microloan Lenders:

South Carolina Microloan Lenders:

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Tennessee Microloan Lenders:

Texas Microloan Lenders:

Utah Microloan Lenders:

Vermont Microloan Lenders:

Virginia Microloan Lenders:

Washington Microloan Lenders:

West Virginia Microloan Lenders:

Wisconsin Microloan Lenders:

Wyoming Microloan Lenders:

What is the SBA Microloan Program?

The Small Business Administration (SBA) Microloan Program is a lending program designed to provide funding to small businesses and startups that may not qualify for traditional bank loans. SBA microloans are typically for amounts of up to $50,000, and are usually used to finance working capital, inventory purchases, or equipment leasing. If you are a small business owner in need of funding, finding an SBA microloan lender can be a good option.

Are You Eligible for an SBA Microloan?

Before you start looking for an SBA microloan lender, it is important to determine whether you are eligible for the program. The SBA has specific eligibility requirements for borrowers, and each lender may also have their own additional requirements. To be eligible for an SBA microloan, you must meet the following criteria:

  1. Your business must be located in the United States.
  2. Your business must be a for-profit enterprise.
  3. You must have a reasonable credit history.
  4. You must have no recent bankruptcies or foreclosures.
  5. You must be able to demonstrate a need for the loan.
  6. You must have the ability to repay the loan.
  7. You must be able to provide collateral or a personal guarantee for the loan.

Once you have determined that you meet the eligibility requirements, you can start looking for an SBA microloan lender. 📌 Pro-tip: Want to track and apply for an SBA microloan lender & get recommended SBA lenders? Apply on the Skip Funding Assistant.


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