Microloan Program (59.046)
Microloan Program (Assistance Listing 59.046) is run by the Small Business Administration. It awarded $226 million in 686 grants from fiscal 2021 to 2025, about $329,132 per award on average. No funding opportunity is open on Grants.gov right now.
The typical award was $194,523. Half of the 686 awards fell between $84,860 and $417,896, and they ranged from $372 to $3.2 million.
- Awarded, FY 2021 to 2025$226 million
- Grant awards686
- Typical award$194,523
- Awarded in FY 2025$34.7 million
- Size rank582 of 1824
- Type of assistanceFormula grants, direct loans
Key findings
- Annual funding fell from $52.8 million in fiscal 2021 to $34.7 million in fiscal 2025.
- It is the 582nd largest of 1,824 federal grant programs by five-year awards.
- The 20 largest recipients received 48% of the money.
- Awards went to recipients in 49 states and territories.
What the program funds
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.
Open opportunities
No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.
Rules from the program listing
Who can apply
An applicant is considered eligible to apply if it meets the definition of an intermediary lender as published in program materials, 13 CFR, and PL 102-140, and meets published minimum experience and capability requirements.
What the money can and cannot pay for
Loans to intermediaries with terms and restrictions as provided in Public Laws 102-140, 102-366 and 105-135 and subsequent regulations as published in the Federal Register.
Matching requirements
This program has no statutory formula. Intermediaries must match 15% of the amount of all loans from SBA under the Microloan Program. Intermediaries must also match 25% of the amount of all grants under the Microloan Program.MOE requirements are not applicable to this assistance listing.
Deadlines
Contact the headquarters or regional location, as appropriate for application deadlines
Award range and average, in the agency's words
No data available.
Funding history and past recipients
From fiscal 2021 to 2025, Microloan Program (59.046) awarded$226 million across 686 grant awards, an average of $329,132 per award.
Who usually wins
Nonprofits received 99% of the money, small businesses 0.3% and businesses 0.2%.
| Recipient type | Awards | Amount | Share |
|---|---|---|---|
| Nonprofits | 682 | $224 million | 99% |
| Small businesses | 1 | $721,001 | 0.3% |
| Businesses | 1 | $486,034 | 0.2% |
| State and local governments | 2 | $251,438 | 0.1% |
By state
36 states have a page for this program: those that received at least $1 million or 10 awards.
| State | Awards | Amount |
|---|---|---|
| New York | 51 | $28.6 million |
| Minnesota | 43 | $15.4 million |
| New Jersey | 15 | $12.6 million |
| Texas | 14 | $10.6 million |
| Ohio | 5 | $10.6 million |
| Pennsylvania | 41 | $10.4 million |
| California | 55 | $9.8 million |
| Colorado | 18 | $9.3 million |
| Kentucky | 25 | $9.0 million |
| Missouri | 9 | $8.7 million |
| Georgia | 10 | $7.6 million |
| Virginia | 21 | $7.1 million |
| Michigan | 27 | $6.9 million |
| Massachusetts | 36 | $6.6 million |
| Indiana | 15 | $5.2 million |
| Connecticut | 15 | $5.2 million |
| South Carolina | 13 | $5.1 million |
| Maine | 22 | $5.1 million |
| Washington | 20 | $4.7 million |
| Wisconsin | 25 | $4.6 million |
| North Carolina | 9 | $4.5 million |
| Nebraska | 15 | $4.5 million |
| Arkansas | 10 | $3.7 million |
| Montana | 5 | $3.5 million |
| District of Columbia | 16 | $3.1 million |
| Arizona | 10 | $3.0 million |
| Alabama | 4 | $2.7 million |
| Oregon | 12 | $1.8 million |
| Oklahoma | 10 | $1.7 million |
| Tennessee | 5 | $1.6 million |
| New Hampshire | 6 | $1.5 million |
| New Mexico | 10 | $1.3 million |
| Mississippi | 5 | $1.2 million |
| Maryland | 6 | $1.0 million |
| Vermont | 14 | $967,332 |
| Puerto Rico | 4 | $921,840 |
| Florida | 13 | $893,601 |
| North Dakota | 5 | $706,176 |
| Iowa | 9 | $654,244 |
| South Dakota | 5 | $643,531 |
| Kansas | 5 | $590,358 |
| Utah | 4 | $505,549 |
| Delaware | 5 | $414,520 |
| Wyoming | 5 | $366,138 |
| Idaho | 5 | $278,207 |
| Hawaii | 4 | $247,643 |
| Illinois | 2 | $129,329 |
| West Virginia | 2 | $100,000 |
| Alaska | 1 | $50,000 |