The MICRO-2026-1 opportunity supports entrepreneurs, business owners, and individuals capable of operating successful business concerns, as well as small businesses in areas experiencing a lack of credit due to economic downturns.

Overview

Under this Program, the Small Business Administration (SBA) will make loans or provide guaranties to private non-profit and quasi-governmental organizations acting as intermediary lenders. These lenders will utilize the funds to issue short-term, fixed-interest-rate microloans up to $50,000. These microloans are intended for the start-up of newly established and growing small businesses. The funds must be used exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and/or equipment.

Additionally, the SBA will provide marketing and technical assistance to the intermediary lenders, including training and support.

Key Details

• Program Name: MICRO-2026
• Funding Source: Small Business Administration
• Focus: Providing capital to small businesses through intermediary lenders.

Eligibility and Requirements

The program targets intermediary lenders who will, in turn, provide funding to small businesses.

• Lender Requirement: Must be willing to disburse funds to small businesses.
• Support Provided: The program offers training and technical assistance to the intermediary lenders.

Application Information

For detailed application procedures, please refer to the official grant guidelines.

Note: The provided text does not contain specific application deadlines or direct links, but it outlines the scope of the funding opportunity.