Small Business Micro Loan
Business Coaches' Secrets to
Establishing Business Credit
Winning Business Loans
A small business micro loan and government loans for women can give any entrepreneur a
start-up or give a new small business a big boost when the usual traditional
loans are not available or accessible to you.
Community- based, nonprofit
lenders make microloans. These lenders usually receive their funding for the
loans from the Small Business Administration.
Most likely, you will have to present a business plan along with the application when applying
for microloans. A business plan is
imperative to running a successful biz and getting business credit.
A well written business plan will answer all
the questions that will be asked by the lender of the business loans.
loans and government loans for women can be used for different purposes such
as: purchasing inventory, working capital, fixtures, furniture, equipment and repaying
Microloans and other microloans for small business enterprises usually include
a stipulation that states that the lender should provide the borrower business
mentoring along with the business micro loan. This is an additional benefit
during the life of the microloans.
best way to get business loans – especially a small business micro loan and
government loans for women– is to apply to a microlender who is SBA approved. SBA
lending refers to the microlenders as “Intermediaries” because all approvals
and applications are handled locally. Each of these lenders has their own
requirements like collateral.
microlenders who are not funded by SBA make special loans to minorities owned
businesses and women owned businesses. For example, Count Me In is an online
microlender that makes loans to women in the US, and ACCION International,
Boston makes micro loans to women and men in impoverished regions in the US.
microlenders are more flexible than traditional lenders they too need evidence
that you have a good plan regarding your product, competition, market, goals
It is to your benefit to
talk with a business coach to get expert advice on everything from writing an
effective business plan to approaching small business micro loan lenders for
Not only can a business coach help you write a
professional business plan but they can also help you increase customer
satisfaction rates, improve customer loyalty and hire the right people for your
From Small Business Micro Loan
to Government Loans For Small Businesses