Government Sources of Micro Loans for Small Business - Federal and State Sources - Microlending - SBA: "Loan Terms, Interest Rates, and Collateral
The maximum term of a SBA Micro Loan is six years. The interest rates are generally between 8% and 13%. The SBA only guarantees the loans and the loans are actually made by the community intermediaries so collateral is up to the individual intermediary and its requirements. There is usually some form of collateral required and the personal guarantee of the borrower."
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