MicroLoan
- Amount and term
- $10,000–$50,000; maturity and amortization up to five years. Startups permitted.
- Pricing and equity
- Fixed rates advertised from 7.5%; borrower injection 10%–20%. These are advertised starting terms, not a personalized quote.
- Security
- Collateral required. Unlimited personal guarantees from principal owners holding at least 20%, with affiliate guarantees also described.
- Uses
- Working capital, inventory, supplies, furniture and equipment; the page excludes real estate and back taxes.
- Fees
- Credit-report, application, origination and third-party costs can apply. No prepayment charge is advertised.
Provider sources: Official MicroLoan details in Spanish
