If your small business needs a loan between $1,000 and $50,000 for small business expenses, a CBAC microloan might be the right option for you.
The microloan program is available to eligible for-profit small businesses in all stages of development, including the start-up phase. We can make these loans directly and in partnership with other lenders.
The loan term length varies according to loan size and use of funds. The maximum loan term is six years (72 months).
You can use microloan funds to purchase equipment and inventory, for working capital, leasehold improvements, and to refinance eligible, existing business debt. These loan funds cannot be used to finance real estate. Loan funds for pandemic-related purchases, upgrades, and losses may offer additional use of funds opportunities.
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