Microloan Providers: SBA-Accredited Microloan Program (Part 2)

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

Microloan Providers in Maine

Androscoggin Valley Council of Governments
125 Manley Road Auburn, ME 04210
Phone: 207-783-9186 Fax: 207-783-5211
http://www.avcog.org/

Coastal Enterprises Inc.
36 Water Street
P.O. Box 268 Wiscasset, ME 04578
Phone: 207-882-7552 Fax: 207-882-7308

Community Concepts Finance Corporation aka Community Concepts Inc.
19 Market Square South Paris, ME 04281
Phone: 207-743-7716 Fax: 207-743-6513
http://www.community-concepts.org/

Mainestream Finance
262 Harlow Street Bangor, ME 04402
Phone: 207-973-3663 Fax: 207-973-3699
http://www.mainestreamfinance.org/

Northern Maine Development Commission
302 South Main Street Caribou, ME 04736
http://www.nmdc.org/

Microloan Providers in Maryland

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

ECDC Enterprise Development Group
901 South Highland Street Arlington, VA 22204
Phone: 703-685-0510 Fax: 703-685-4200
URL: http://www.entdevgroup.org/

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

Maryland Capital Enterprises, Inc.
P.O. Box 213 Salisbury, MD 21803
Phone: 410-546-1900 Fax: 410-546-9718

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

Microloan Providers in Massachusetts

Accion East dba ACCION USA, Inc.
10 Fawcett Street Suite 204 Cambridge, MA 02138
Phone: 617-625-7080
URL: www.accionusa.org

Common Capital Inc.(Western Mass. Enterprise Fund)
4 Open Square Way, Suite 407 Holyoke, MA 01040
Phone: 413-420-0183 Fax: 413-420-0543
URL: www.common-capital.org

Dorchester Bay Neighborhood Loan Fund
594 Columbia Road Suite 302 Dorchester, MA 02125
Phone: 617-825-4200
http://www.dbedc.org/business.html

Economic Dev. Industrial Corp. of Lynn
Lynn City Hall – Suite 307 3 City Hall Square Lynn, MA 01901
Phone: 781-581-9399 Fax: 781-581-9731
URL: www.ediclynn.org

Jobs for Fall River Inc.
1 Government Center Fall River, MA 02722
Phone: 508-324-2620 Fax: 508-677-2840

New Bedford Economic Development Council, Inc
1213 Purchase Street 3rd Floor New Bedford, MA 02740
Phone: 508-991-3122 Fax: 508-991-7372
http://www.nbedc.org/

North Central Massachusetts Development Corporation
860 South Street Fitchburg, MA 01420
http://www.ncmedc.com/
Phone: (978) 353-7607

RCAP Solutions Financial Services
205 School Street Gardner, MA 01440
Phone: 978-630-6635 Fax: 978-630-6662
URL: www.rcapsolutions.org

South Eastern Economic Development Corp/SEED
80 Dean Street Taunton, MA 02780
Phone (508) 822-1020

Microloan Providers in Michigan

Detroit Midtown Micro-Enterprise Fund
440 Burroughs, Suite 140 Detroit, MI 48202
Phone: 313-263-4032 Fax: 313-972-1716
URL: www.detroitmicroenterprisefund.org

Entrepreneur Institute of Mid-Michigan
105 W. Allegan Suite 10 Lansing, MI 48933
URL: www.yourfoundationforbusiness.org

Grand Rapids Opportunities for Women (GROW)
25 Sheldon Blvd. SE Suite 210 Grand Rapids, MI 49503
Phone: 616-458-3404 Fax: 616-458-6557
http://www.growbusiness.org/

Great Lakes Women’s Business Council
33109 Schoolcraft Rd. Livonia, MI 48150
Phone: 734-677-1400 Fax: 734-677-1465
https://www.greatlakeswbc.org/

Metro Community Development, Inc.
503 S. Saginaw St., STE 804 Flint, MI 48502
Phone: 810-767-4622
http://www.metro-community.org/
Email: tjoseph@flint.org

Northern Economic Initiative Corp.
P.O. Box 7009 Marquette, MI 49855
Phone: 906-226-1622 Fax: 906-228-5572
URL: www.niupnorth.org/

Renaissance Development Fund
38 West Wall Street
P O Box 428 Benton Harbor, MI 49023-0428

Microloan Providers in Minnesota

African Development Center
1931 South 5th Street Minneapolis, MN 55454
Phone: 612-333-4772 Fax: 612-746-0470
URL: www.adcminnesota.org/

Impact Seven, Inc
147 Lake Almena Drive Alemna, WI 54805-9900
Phone: 715-357-3334 Fax: 715-357-6233

Neighborhood Development Center
663 University Avenue Saint Paul, MN 55104
http://www.ndc-mn.org/

Northeast Entrepreneur Fund, Inc.dba Entrepreneur Fund
551 Hatrick Avenue Eveleth, MN 55734
Phone: 218-735-6022 Fax: 218-735-6042
URL: www.entrepreneurfund.org

Northwest Minnesota Foundation
201 3rd Street NW Bemidji, MN 56601
Phone: 218-759-2057 Fax: 218-759-2328
URL: www.nwmf.org

Southern Minnesota Initiative Foundation
525 Florence Avenue Owatonna, MN 55060
Phone: 507-455-3215 Fax: 507-455-2098
http://smifoundation.org/

Southwest Initiative Foundation
15 3rd Avenue, NW
P.O. Box 428 Hutchinson, MN 55350
Phone: 320-587-4848 Fax: 320-587-3838
URL: www.swifoundation.org

Women Venture
2021 East Hennepin Ave. Suite 200 Minneapolis, MN 55413-2724
http://www.womenventure.org/

Microloan Providers in Mississippi

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/

Gulf Coast Renaissance Corp.
11975 Seaway Rd., Suite A140 Gulfport, MS 39503
Phone: 228-896-3386 Fax: 228-896-3326
http://msgcrc.com/

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

Microloan Providers in Missouri

Enterprise Development Corporation (MO)
910 East Broadway Suite 201 Columbia, MO 65201
Phone: 573-875-8117 Fax: 573-443-2319
http://enterbusiness.org/

Forge-Financing Ozarks Rural Growth and Economy
202 East Main Huntsville, AR 72740
Phone: 501-738-1585 Fax: 501-738-6288
http://forgeonline.com/

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

Microloan Providers in Montana

Montana Community Development Corp.
229 East Main Street Missoula, MT 59802
http://mtcdc.org/

Microloan Providers in Nebraska

Community Development Resources
285 South 68th St. Pl. Suite 520 Lincoln, NE 68510
Phone: 402-436-2386 Fax: 402-436-2360
http://cdr-nebraska.org/site/

Nebraska Enterprise Fund
330 North Oakland Ave Oakland, NE 68045
Phone: 402-685-5500 Fax: 402-685-5550
URL: www.nebbiz.org

Omaha Small Business Network, Inc.
2505 North 24th Street Omaha, NE 68110
Phone: 402-453-5336 Fax: 402-451-2876
URL: www.osbnbtc.org

Rural Enterprise Assistance Project-Center for Rural Affairs
145 Main Street P.O. Box 136 Lyons, NE 68038
Phone: 402-687-2100 Fax: 402-656-3091
URL: www.cfra.org

West Central Nebraska Development District, Inc.
201 East 2nd Street Suite C Ogallala, NE 69153

Microloan Providers in Nevada

Prestamos CDFI, LLC
1024 East Buckeye Road Suite 270 Phoenix, AZ 85034
http://www.prestamosloans.org/

Microloan Providers in New Hampshire

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

Northern Community Investment Corporation
51 Depot Square, Suite #2 St. Johnsbury, VT 05819
http://www.ncic.org/

Microloan Providers in New Jersey

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

BOC Capital Corporation
85 S. Oxford Street Brooklyn, NY 11217
Phone: 718-624-9115 Fax: 718-246-1881
URL: www.bocnet.org

Cooperative Business Assistance Corporation
328 Market Street Camden, NJ 08102
Phone: 856-966-8181 Fax: 856-966-0036

Trenton Business Assistance Corp.
3111 Quakerbridge Road 2nd Floor Mercerville, NJ 08619
Phone: 609-587-1133 Fax: 609-587-1313
URL: www.rbacloan.com

Union County Economic Development Corporation
75 Chestnut St Cranford, NJ 07016

Microloan Providers in New Mexico

New Mexico Community Dev. Loan Fund, Inc.
P. O. Box 705 Albuquerque, NM 87103
Phone: 505-243-3196 Fax: 505-543-8803
URL: www.loanfund.org

Women’s Economic Self Sufficiency Team
609 Broadway NE Albuquerque, NM 87102-2334

Microloan Providers in New York

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

Adirondack Economic Development Corporation
67 Main St., Suite 200 P.O. Box 747 Saranac, NY 12983
Phone: 518-891-5523 Fax: 518-891-9820
URL: www.aedconline.com

BOC Capital Corporation
85 S. Oxford Street Brooklyn, NY 11217
Phone: 718-624-9115 Fax: 718-246-1881
URL: www.bocnet.org

Business Center for New Americans
120 Broadway, Suite 230 New York, NY 10271
Phone: 212-898-4112 Fax: 646-723-1399
URL: www.nybcna.org

Columbia Economic Development Corp. dba Choose Columbia
4303 Route 9 Hudson, NY 12534-2415
Phone: 518-828-4718 Fax: 518-828-0901
URL: www.columbiaedc.com/

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

Exceed Network
81 Prospect Street Brooklyn, NY 11201
Phone: 718-787-1400 Ext. 15 Fax: 718-787-0695
URL: www.angelfundnetwork.org/

Pathstone Enterprise Center, Inc.
400 East Avenue Rochester, NY 14607
Phone: 585-340-3387 Fax: 585-340-3326
URL: www.pathstone.org

REDEC Relending Corp. (REDEC/RRC)
8 Denison Parkway, East Suite 305 Corning, NY 14830
Phone: 607-962-3021 Fax: 607-936-8081
URL: www.redec.us

Renaissance Economic Development Corporation
2 Allen Street, 7th Floor New York, NY 10002

Microloan Providers in North Carolina

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

Mountain Bizcapital, Inc.
153 South Lexington Avenue Asheville, NC 28801
http://www.mountainbizworks.org/

Microloan Providers in North Dakota

Lake Agassiz Regional Development Corporation
417 Main Avenue Fargo, ND 58103

Microloan Providers in in Ohio

Economic and Community Development Institute
1655 Old Leonard Avenue Columbus, OH 43219
https://www.ecdi.org/

Microloan Providers in Oklahoma

Forge-Financing Ozarks Rural Growth and Economy
202 East Main Huntsville, AR 72740
Phone: 501-738-1585 Fax: 501-738-6288
http://forgeonline.com/

Little Dixie Community Action Agency
209 N. 4th St. Hugo, OK 74743
Fax: 580-326-2305
URL: www.littledixie.org

Rural Enterprises of Oklahoma, Inc.
2912 Enterprise Blvd. P.O. Box 1335 Durant, OK 74702
Phone: 580-924-5094 Fax: 580-920-2745
http://www.reiok.org/

Tulsa Economic Development Corporation
125 W Third St Tulsa, OK 74103

Microloan Providers in Oregon

Mercy Enterprise Corp., dba Mercy Corps Northwest
43 SW Naito Parkway Portland, OR 97204
Phone: 503-896-5070 Fax: 503-896-5071

Micro Enterprise Services of Oregon (Pedagogy Institute)
4008 NE MLKing Jr. Blvd. Portland, OR 97212
Phone: 503-914-6147 Fax: 503-282-3482
URL: www.mesopdx.org

Oregon Association of Minority Entrepreneurs Credit Corporation
731 N. Hayden Meadows Dr Portland, OR 97217
http://oame.org/

Microloan Providers in Pennsylvania

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

Bridgeway Capital
707 Grant Street, Suite 1920 Pittsburgh, PA 15219
Phone: 412-201-2450 Fax: 412-201-2451
URL: www.bridgewaycapital.org

Christian Evangelistic Economic Development
6435 Frankstown Avenue Pittsburgh, PA 15206
Phone: 412-450-8070 Fax: 412-450-8072

Community First Fund
30 West Orange St Lancaster, PA 17608
Phone: 717-393-2351 Fax: 717-393-1757
URL: www.commfirstfund.org

Cooperative Business Assistance Corporation
328 Market Street Camden, NJ 08102
Phone: 856-966-8181 Fax: 856-966-0036
http://www.cbaclenders.com/home.html

Enterprise Center Capital Corporation
4548 Market Street Philadelphia, PA 19139
Phone: 215-895-4024 Fax: 215-895-4001

Finanta
1301 N. 2nd Street Philadelphia, PA 19122
Phone: 267-236-7005
http://www.finanta.org/

Johnstown Area Regional Industries, Inc.
245 Market Street Suite 200 Johnstown, PA 15901
Phone: 814-535-8675 Fax: 814-535-8677
URL: www.jari.com

MetroAction, Inc.
222 Mulberry Street Scranton, PA 18501-0431
Phone: 570-342-7711 Fax: 570-347-6262
URL: www.scrantonchamber.com

North Central PA Regional Planning & Dev. Commission
651 Montmorenci Road Ridgway, PA 15853
Phone: 814-773-3162 Fax: 814-772-7045
URL: www.ncentral.com/~ncprpdc/

Northside Community Development Fund
922 Middle Street Pittsburgh, PA 15212
Phone: 412-322-0290 Fax: 412-321-1447
http://www.nscdfund.org/

Washington County Council on Economic Development
273 South Main St. Washington, PA 15301
Phone: 724-225-8223 Fax: 724-250-8202
URL: www.WashingtonCountyPA.org

Women’s Opportunities Resource Center
2010 Chestnut St. Philadelphia, PA 19103
http://worc-pa.com/

Microloan Providers in Rhode Island

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

South Eastern Economic Development Corp/SEED
80 Dean Street Taunton, MA 02780

Microloan Providers in South Carolina

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

Appalachian Development Corporation
3531 Pelham Road, Suite 100 Greenville, SC 29615
Phone: 864-382-2351 Fax: 864-382-2370
URL: www.appalachiandevelopmentcorp.com

Charleston Citywide Local Development Corporation
75 Calhoun Street, 3rd Floor Charleston, SC 29401
URL: charlestonldc.org

CommunityWorks
107 W. Antrim Dr Greenville, SC 29607

Small Business Assistance Corporation
111 E. Liberty Street, Suite 100 Savannah, GA 31401

Microloan Providers in South Dakota

Northeast South Dakota Economic Corp.
104 Ash Street East Sisseton, SD 57262-1908
http://www.growsd.org/growsd

Microloan Providers in Tennessee

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

People Incorporated Financial Services
1173 West Main St. Abingdon, VA 24210
Phone: 276-619-2239 Fax: 276-628-2931
http://peopleinc.net/

Southeast Community Capital
201 Venture Circle Nashville, TN 37228

Microloan Providers in Texas

Alliance for Multicultural Community Services
6440 Hillcroft, Suite 411 Houston, TX 77081
Phone: 713-776-4700 Fax: 713-776-4730

Business Investment Growth
5407 North IH-35, Suite 200 Austin, TX 78723
Phone: 512-928-8010 Fax: 512-926-2997
URL: www.bigaustin.org

Cen-Tex CDC
2212 S. Congress Avenue Austin, TX 78704
Phone: 512-912-9884 Fax: 512-912-9869
URL: www.bcloftexas.org/

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

PeopleFund
2921 East 17th Street Building D, Suite 1 Austin, TX 78702
https://peoplefund.org/

Microloan Providers in Utah

Utah Microenterprise Loan Fund
154 East Ford Ave Suite A Salt Lake City, UT 84115
http://www.umlf.com/

Microloan Providers in Vermont

Community Capital of Vermont, Inc. (CCVT)
105 N. Main Street #305 Barre, VT 05641
Phone: 802-479-0167 Fax: 802-479-2867
URL: www.communitycapitalvt.org

Northern Community Investment Corporation
51 Depot Square, Suite #2 St. Johnsbury, VT 05819
Phone: 802-748-5101 Fax: 603-536-2249
URL: www.ncic.org

Vermont Community Loan Fund, Inc.
15 State Street Montpelier, VT 05601
http://www.investinvermont.org/

Microloan Providers in Virginia

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

ECDC Enterprise Development Group
901 South Highland Street Arlington, VA 22204
Phone: 703-685-0510 Fax: 703-685-4200
URL: http://www.entdevgroup.org/

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

People Incorporated Financial Services
1173 West Main St. Abingdon, VA 24210
Phone: 276-619-2239 Fax: 276-628-2931
http://peopleinc.net/

Staunton Creative Community Fund, Inc.
10 Byers street Staunton, VA 24401
Phone: 540-213-0333
URL: www.stauntonfund.com

Total Action Against Poverty
145 Campbell Ave., SW Roanoke, VA 24001
Phone: 540-345-6781 Fax: 540-344-6998
URL: www.tapintohope.org

Washington Area Community Investment Fund
2012 Rhode Island Ave, NE Washington, DC 20018

Microloan Providers in Washington

Mercy Enterprise Corp., dba Mercy Corps Northwest
43 SW Naito Parkway Portland, OR 97204
Phone: 503-896-5070 Fax: 503-896-5071

Oregon Association of Minority Entrepreneurs Credit Corporation
731 N. Hayden Meadows Dr Portland, OR 97217
Phone: 503-249-7744 Fax: 503-249-2027
URL: www.oame.org

Rural Community Development Resources
24 South 3rd Avenue Yakima, WA 98902
Phone: 509-453-5133
URL: www.rcdr.biz

Seattle Economic Development Assn. (aka: Community Capital Development)
1437 South Jackson, Ste 201 Seattle, WA 98144
Phone: 206-324-4330

Washington Community Alliance for Self-Help
2100 24th Ave., S. Suite 380 Seattle, WA 98144

Microloan Providers in West Virginia

Kanawha Institute for Social Research & Action (KISRA)
131 Perkins Avenue Dunbar, WV 25064
Phone: 304-768-8924 Fax: 304-768-2194
URL: www.kisra.org

People Incorporated Financial Services
1173 West Main St. Abingdon, VA 24210
Phone: 276-619-2239 Fax: 276-628-2931

Washington County Council on Economic Development
273 South Main St. Washington, PA 15301

Microloan Providers in Wisconsin

Advocap, Inc.
19 W. First Street PO Box 1108 Fond du Lac, WI 54936
Phone: 920-922-7760 Fax: 920-922-7214

CAP Services, Inc.
1608 West River Drive Stevens Point, WI 54481
Phone: 715-343-7100

First American Capital Corp.
10809 W. Lincoln Avenue, #102 West Allis, WI 53227
Fax: 414-604-2070
URL: www.aiccw.org

Impact Seven, Inc
147 Lake Almena Drive Alemna, WI 54805-9900
Phone: 715-357-3334 Fax: 715-357-6233
http://www.impactseven.org/

Lincoln Neighborhood Redevelopoment Corp.
2266 S. 13th Street Milwaukee, WI 53215
Phone: 414-671-5619 Fax: 414-385-3270

Lincoln Opportunity Fund, LLC
1301 W. Canal St Suite 100 Milwaukee, WI 53233
Phone: 608-316-7120 Fax: 608-819-0393
URL: www.wbd.org

Wisconsin Women’s Business Initiative Corporation
1533 N. Rivercenter Drive Milwaukee, WI 53212
https://www.wwbic.com/

Microloan Providers in Wyoming

Wyoming Women’s Business Center
710 East Garfield Suite 323 Laramie, WY 82070
http://www.wyomingwomen.org/

Microloan Provider for States A – L

 

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