Small business loans from the Small Business Administration (SBA) through Pursuit Lending
SBA Microloan Details
- Loan amount: $10,000 to $50,000
- Interest rate: maximum 9.125%
- Term: SBA Microloan terms are 6 years
- Fees: 3% commitment fee, which is financed into your loan
- Decision sent within two business days of submitting a complete loan application (including all required documentation)
- Time to funding: within 5 business days of approval
Learn more about this resource at https://PursuitLending.com/business-loans/products/microloan/