Keith Gilabert, "Microloans for business Start-ups"
by keithgilabert, Window Shopper
- Created: August 9, 2014, 1:06 pm
Microloans are a way for an entrepreneur to start a business with no money. These loans are small and the rates are typically between 8-10%. The average small business start-up is about $30,000.00. I often recommend that if you have a specific product, set-up a partnership with another company that is larger and that has need for your product. This is a quick and easy way to establish your product line and investors will be more willing to invest. If you have an established business and need to expand due to demand give the SBA.gov a try. The loans have lower rates. Small Business Administration – SBA’s popular Microloan Program provides short-term loans up to $50,000 to help small businesses startup and expand, although the average microloan is about $13,000. Microloans must be repaid in six years and can be used for: - Working capital or Buying inventory or supplies. Good luck, Keith Gilabert
- Community Home
- Discussion Boards
- Tell Us...
- Discuss Popular Topics
- Developer Resources
- Social Media