Areas Served: Jefferson
The SBA Microloan Program 7(m) provides small, short-term loans to small businesses.
The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance.
These intermediaries make loans to eligible borrowers.
The maximum loan amount is $7,500. SBA Microloan Funds May Be Used For: – Working capital – Purchase of inventory or supplies – Purchase of furniture or fixtures – Purchase of machinery or equipment Proceeds from a microloan cannot be used to pay existing debts or to purchase real estate.
The Birmingham Business Resource Center in Birmingham, Alabama offers the SBA 7(m) Microloan Program for businesses in the Jefferson County area.
Contact InformationAddress: 1500 1st Avenue North, Suite B108
City: Birmingham
State: Alabama
Website:
http://www.bbrc.biz
Leave a Reply