How Much Money
Can Be Borrowed Through a Microloan?
Microloans which are through
the Small Business Association are available to a maximum of $35,000.
The average amount of a SBA
microloans is about $10,000, which means that there are many under the
$10,000 loan amount as well.
It is also important to remember
that just because $35,000 is the maximum loan amount, does not mean that
all borrowers will be able to get that amount. If you do need up to the
maximum, you may not be able to get that amount, even through the SBA.