Microloan Providers: SBA-Accredited Microloan Program

If you are looking for capital to finance your business and the banks say no, one option to consider is a microloan. The US Small Business Administration has established a MicroLoan Program which is described as:

The MicroLoan Program provides very small loans to start-up, newly established, or growing small business concerns and certain not-for-profit childcare centers. Under this program, SBA makes funds available to nonprofit community based lenders (Microlender Intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $50,000. The average loan size is about $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level.

To apply for a microloan, contact an intermediary microlender in your state. These microlenders are non-profit organizations who makes small loans to small businesses in the community.

Here is a state by state listing of the SBA-approved microlending intermediaries that you can contact to apply for a microloan. Remember, though, that each lender has their own lending and credit requirements, and that some may require collateral or personal guarantees.

Alabama IllinoisMontanaRhode Island
Alaska IndianaNebraska South Carolina
Arizona Iowa NevadaSouth Dakota
ArkansasKansasNew HampshireTennessee
California Kentucky New JerseyTexas
ColoradoLouisiana New Mexico Utah
Connecticut Maine New YorkVermont
Delaware MarylandNorth CarolinaVirginia
District of ColumbiaMassachusettsNorth DakotaWashington
Florida MichiganOhioWest Virginia
Georgia MinnesotaOklahomaWisconsin
Hawaii MississippiOregonWyoming
IdahoMissouriPennsylvania

Alabama

Community Enterprise Investments, Inc.
302 North Barcelona Street
Pensacola, FL 32501

http://www.ceii-cdc.org/

Alaska

 

Arizona

PPEP Housing Development Co/Micro Ind. Credit Rural Org.
802 E. 46th Street Tucson, AZ 85713
Phone: 520-622-3553 Fax: 520-622-1480http://www.gmail.com/
URL: www.pmhdc.net

Prestamos CDFI, LLC
1024 East Buckeye Road Suite 270
Phoenix, AZ 85034
Microlending : Jose Martinez

www.prestamosloans.org

Arkansas

Alt. Consulting
211 West 3rd Ave., Suite 245
P.O. Box 9858 Pine Bluff, AR 71601
Phone: 870-535-0011 Fax: 801-820-3102
URL: http://www.altconsulting.org

Communities Unlimited, Inc.
211 West 3rd Ave. Suite 245
P.O. Box 9858 Pine Bluff, AR 71601
Phone: 479-443-2700 Fax: 479-443-5036
https://www.communitiesu.org/

Forge-Financing Ozarks Rural Growth and Economy
202 East Main Huntsville, AR 72740
Phone: 501-738-1585 Fax: 501-738-6288
Email: forgein@madisoncounty.net

LiftFund, Inc.
2014 South Hackberry Street San Antonio, TX 78210
www.liftfund.com/

California 

Arcata Economic Development Corporation
100 Ericson Court Suite 100A Arcata, CA 95521
Phone: 707-822-4616 x14 Fax: 707-822-8982

California Coastal Rural Development Corporation
221 Main Street Suite 300 P.O. Box 479 Salinas, CA 93901
Phone: 831-424-1099 Fax: 831-424-1094

Fresno Community Development Financial Institution
1920 Mariposa Mall, Suite 330 Fresno, CA 93721
Phone: 559-263-1045 Fax: 559-263-1094
Email: salam.nalia@fresnoeoc.org
https://fresnocdfi.com/

OBDC Small Business Finance
2101 Webster Street Suite 1200 Oakland, CA 94612
Phone: 510-763-4297 Fax: 510-763-1273
URL: www.obdc.com

Opening Doors, Inc.
1111 Howe Ave., Suite 125 Sacramento, CA 95825
Phone: 916-492-2591 Fax: 916-492-2628
http://www.openingdoorsinc.org/

Opportunity Fund Northern California
111 West Saint John Street Suite 800 San Jose, CA 95113
Phone: 408-516-4601 Fax: 408-297-4599
URL: opportunityfund.org

Pacific Asian Consortium In Employment
1055 Wilshire Blvd. Suite 1475 Los Angeles, CA 90017
Phone: 213-989-3265 Fax: 213-353-4665 http://pacela.org/

Sierra Economic Development Corporation
560 Wall Street, Suite F Auburn, CA 95603
Phone: 530-823-4703 Fax: 530-823-4142
http://www.sedcorp.biz/

Southeast Asian Community Center
875 O’Farrell Street San Francisco, CA 94109
Phone: 415-885-2743 Fax: 415-855-3253
www.seaccusa.org

TMC Development Working Solutions
440 Pacific Avenue San Francisco, CA 94133
Phone: 415-644-5473 Fax: 415-394-9431
URL: http://tmcworkingsolutions.org

Valley Economic Development Center
5121 Van Nuys Blvd. 3rd Floor Van Nuys, CA 91403
Phone: 818-907-9977 Fax: 818-907-9720
www.vedc.org/

Valley Small Business Development Corporation
7035 N. Fruit Avenue Fresno, CA 93711
www.vsbdc.com/

Colorado

Colorado Enterprise Fund
1888 Sherman Street, Suite 530 Denver, CO 80203
Phone: 303-860-0242 Fax: 303-860-0409
URL: www.coloradoenterprisefund.org

Community Enterprise Development Services
1450 S. Havana St. #504 Aurora, CO 80012
Phone: 303-569-8165 Fax: 303-557-5077
www.cedsfinance.org/

Region 10 LEAP for Economic Development
300 North Cascade Street Suite 1 Montrose, CO 81401
http://www.co.montrose.co.us/640/Region-10

Connecticut

Accion East dba ACCION USA, Inc.
80 Maiden Lane Suite 903 New York, NY 10038
Phone: 212-387-0377 Fax: 212-387-0277
URL: www.accionusa.org

Community Capital New York, Inc.
7 West Cross Street Hawthorne, NY 10532
Phone: 914-747-8020 Fax: 914-747-2049
URL: www.communitycapitalny.org

Community Economic Development Fund
965 East Main Street Meriden, CT 06450-6006
Phone: 203-235-2333 Fax: 203-235-2913
http://www.cedf.com/

Community Investment Corp.
2315 Whitney Avenue Suite 2-B Hamden, CT 06518
Phone: 203-776-6172 Fax: 203-776-6837
http://www.ciclending.com/

Hartford Economic Development Corp.
15 Lewis Street, Suite 204 Hartford, CT 06103
http://www.hedcoinc.com/

 

Delaware

Accion East dba ACCION USA, Inc.
80 Maiden Lane Suite 903 New York, NY 10038
Phone: 212-387-0377 Fax: 212-387-0277
URL: www.accionusa.org

First State Community Loan Fund
100 W. 10th Street, Suite 1005 Wilmington, DE 19801

 

District of Columbia

Latino Economic Development Corp.
2316 18th Street, NW Washington, DC 20009
Phone: 202-588-5102 Fax: 202-588-5204
http://www.ledcmetro.org/

Washington Area Community Investment Fund
2012 Rhode Island Ave, NE Washington, DC 20018
http://wacif.org/

Florida

Black Business Investment Fund of Central Florida, Inc.
Capital Plaza Two 301 East Pine St., Suite 175 Orlando, FL 32801
Phone: 407-649-4780 Fax: 407-649-8688
URL: www.bbif.com

Community Enterprise Investments, Inc.
302 North Barcelona Street Pensacola, FL 32501
Phone: 850-595-6234 Fax: 850-595-6264
http://www.ceii-cdc.org/

Partners for Self-Employment, Inc.
Working Capital Florida 3000 Biscayne Boulevard Suite 215 Miami, FL 33137
Phone: 877-722-4505 Fax: 305-438-1411
URL: www.partnersforselfemployment.com
Email: maria@partnersforselfemployment.com

The Business Loan Fund of the Palm Beaches
2200 N. Florida Mango Road, Suite 401 West Palm Beach, FL 33409
http://www.ceoventures.org/

Georgia

Access to Capital for Entrepreneurs
3173 Hwy 129 North Cleveland, GA 30528
Phone: 678-335-5600 Fax: 877-287-6081
https://aceloans.org/

Accion East dba ACCION USA, Inc.
80 Maiden Lane Suite 903 New York, NY 10038
Phone: 212-387-0377 Fax: 212-387-0277
URL: www.accionusa.org

Albany Community Together, Inc.
230 S. Jackson Street, Suite 154 Albany, GA 31701
Phone: 229-420-4600 Fax: 229-420-8311
http://www.albanycommunitytogether.com/

Atlanta Micro Fund, Inc.
1100 Peachtree Street Suite 200 Atlanta, GA 30309
Phone: 678-539-6900 Fax: 404-221-0616
http://ahand.org/

DeKalb Enterprise Business Corporation
100 Crescent Centre Pkwy #395 Tucker, GA 30084
Phone: 404-378-1899 Fax: 404-377-8880
http://www.debco.org/

Small Business Assistance Corporation
111 E. Liberty Street, Suite 100 Savannah, GA 31401
http://www.sbacsav.com/

Hawaii

Pacific Gateway Center
723 (C) Umi Street Honolulu, HI 96819
http://www.pacificgatewaycenter.org/

 

Idaho

Jannus, Inc.
1607 W. Jefferson Street Boise, ID 83702
http://www.jannus.org/

 

Illinois

Accion Chicago, Inc.
1436 W. Randolph Avenue Suite 300 Chicago, IL 60607
Phone: 312-275-3000 Fax: 312-275-3010
URL: www.accionchicago.org

Chicago Neighborhood Initiatives Micro Finance Group
1000 E. 111th St. Chicago, IL 60628
Phone: 773-341-2067
http://www.cnigroup.org/microlending.html

Justine Petersen Housing & Reinvestment Corporation
1023 N. Grand Blvd St. Louis, MO 63016
http://www.justinepetersen.org/

Indiana

Accion Chicago, Inc.
1436 W. Randolph Avenue Suite 300 Chicago, IL 60607
Phone: 312-275-3000 Fax: 312-275-3010
URL: www.accionchicago.org

Community Action of Northeast Indiana
227 East Washington Blvd
PO BOX 10570 Fort Wayne, IN 46853-0570
https://www.mybrightpoint.org/

Flagship Enterprise Center, Inc.
2701 Enterprise Drive Anderson, IN 46013
Phone: 765-622-0100 Fax: 765-622-0211
URL: http://www.flagshipenterprise.org/

Neighborhood Self Employment Initiative, Inc.
111 Monument Circle, Suite 1950 Indianapolis, IN 46204

Iowa

Iowa Foundation Microenterprise Community Vitality
915 8th St. Suite 205 Boone, IA 50036
http://www.iowamicroloan.org/

Kansas

Justine Petersen Housing & Reinvestment Corporation
1023 N. Grand Blvd St. Louis, MO 63016
Phone: 314-533-2411 Ext. 2411 Fax: 314-533-2299
URL: www.justinepetersen.org

South Central Kansas Economic Development District Inc.
200 W. Douglas, Suite 710 Wichita, KS 67202
http://www.sckedd.org/

 

Kentucky

Community Ventures Corporation
1450 North Broadway Lexington, KY 40505
Phone: 859-231-0054 Fax: 859-231-0261
http://www.cvky.org/

Kentucky Highlands Investment Corporation
362 Old Whitley Road P.O. Box 1738 London, KY 40743-1738
Phone: 606-864-5175 Fax: 606-864-5194
http://www.khic.org/

Mountain Association for Community Econ. Dev.
433 Chestnut Street Berea, KY 40403
Phone: 859-986-2373 Fax: 859-986-1299
http://www.maced.org/

Purchase Area Development District
1002 Medical Drive Mayfield, KY 42066
Phone: 270-247-7171 Fax: 270-251-6110
http://www.purchaseadd.org/

Southeast Kentucky Economic Dev. Corp. (SKED)
2292 South Highway 27 Somerset, KY 42501
http://www.southeastkentucky.com/

Louisiana

LiftFund, Inc.
2014 South Hackberry Street San Antonio, TX 78210
Phone: 210-226-3664 Fax: 210-533-2940
URL: www.liftfund.com
 

Microloan Provider for States M – W

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