"Promoting the entrepreneurial spirit and creating economic wealth and diversity."

SBA Microloan Program

Available through a program of the U.S. Small Business Administration (SBA), “microloans” are specifically designed to finance small start-up businesses (also known as “microenterprises”). Rather than making loans directly to individual business owners, the SBA makes funds available to qualified nonprofit organizations such as NEF. We then work with entrepreneurs in our region to make loans to eligible small businesses.

The eligibility requirements of the SBA Microloan Program are considerably more lenient than those at most banks, and the business owner may use the funds for a variety of purposes. Entrepreneurs with poor credit or little business experience will find that they are still able to secure financing up to $35,000 through this program.

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