# Microloan Program (59.046)

Source: https://welltoldgrants.com/programs/59-046-microloan-program/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated November 7, 2026.

Microloan Program is run by Small Business Administration. From fiscal 2021 to 2025 it awarded $226 million in 686 grants, about $329,132 per award.

## Objectives

To assist entrepreneurs, business owners, and other individuals possessing the capability to operate successful business concerns and to assist small business concerns in those areas suffering from a lack of credit due to economic downturns. Under the Program, the Small Business Administration (SBA) makes loans or provide guaranties to private, non-profit, and quasi-governmental organizations (intermediary lenders) that utilizes the loan funds to make short-term, fixed interest rate microloans in amounts up to $50,000 to start-up, newly established, and growing small business concerns.
The Microloan Program is to be used exclusively for working capital, inventory, supplies, furniture, fixtures, machinery, and/or equipment. In addition, the SBA will make grants to participating intermediary lenders to provide marketing, management, and technical assistance to prospective borrowers and borrowers receiving microloans. Under the Program, SBA will also provide training for intermediary lenders participating in the Microloan Program.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $52.8 million | 143 |
| 2022 | $56.9 million | 134 |
| 2023 | $45.4 million | 141 |
| 2024 | $36.0 million | 136 |
| 2025 | $34.7 million | 141 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Economic and Community Development Institute, Inc. | Ohio | $10.6 million |
| Northeast Entrepreneur Fund, Inc. | Minnesota | $9.7 million |
| Justine Petersen Housing and Reinvestment Corporation | Missouri | $8.6 million |
| Nybdc Local Development Corp | New York | $7.2 million |
| Access to Capital for Entrepreneurs, Inc. | Georgia | $6.4 million |
| Union County Economic Development Corp | New Jersey | $6.2 million |
| CO Enterprise Fund, LLC | Colorado | $6.0 million |
| Liftfund Inc | Texas | $5.6 million |
| Cooperative Business Assistance Corp | New Jersey | $4.9 million |
| Renaissance Economic Development Corp | New York | $4.9 million |
| Peoplefund | Texas | $4.8 million |
| Ecdc Enterprise Development Group | Virginia | $4.2 million |
| Ascendus, Inc. | New York | $4.0 million |
| Community Ventures Corporation, Inc. | Kentucky | $3.9 million |
| Accompany Capital Inc | New York | $3.9 million |
| Mountain Bizcapital Inc | North Carolina | $3.9 million |
| Business Impact NW | Washington | $3.8 million |
| Flagship Enterprise Center | Indiana | $3.5 million |
| Montana Community Development Corp | Montana | $3.5 million |
| Boc Capital Corp. | New York | $3.4 million |