Micro Loans

ANALYTICAL FINANCESTM
ANALYTICAL FINANCES

PROGRAM: Microloan, a 7(m) Loan Program

Function: Provides short-term loans of up to $35,000 to small businesses and not-for-profit child-care centers for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment. Proceeds cannot be used to pay existing debts or to purchase real estate. The SBA makes or guarantees a loan to an intermediary, who in turn, makes the microloan to the applicant. These organizations also provide management and technical assistance. The loans are not guaranteed by the SBA. The microloan program is available in selected locations in most states.

Customer: Small businesses and not-for-profit child-care centers needing small-scale financing and technical assistance for start-up or expansion

Programs:

Microloans: For Entrepreneurs , Newly Established Businesses & Child Care Centers Loans Range from $5,000 to $35,000 for any of the following uses : the purchase of supplies or inventory; equipment; renovations on commercially-owned property; facade improvements; and/or working capital.

"Childcare" Loans: Loan programs that provide short-term loans to childcare centers, including home-based centers, to help jump-start a new one or help grow your center.

Fast Track Childcare Loans - for existing centers with at least 2 years of successful operations. $35,000 maximum loan amount .
Childcare Start-Up Loans - For centers with less than 2 years of operations or new centers. $35,000 maximum.
Direct Loans for Growing Centers - For existing centers in Union County, NJ, ONLY. $50,000 maximum.

Direct Loans: A financing program offered to provide funds to you as a business owner in Union County, NJ, who is in need of a mid-sized loan or gap financing as a part of a larger loan package with other lenders. Direct Loans range from $5,000 to $50,000 for any of the following uses: relocation expenses; machinery or equipment; purchase, expansion or renovation on commercial real estate; or a portion of working capital.

Debt Refinancing Loans: A loan program that provides funds to you as a business owner to refinance existing business-related debt. Loans range from $5,000 to $20,000, for the reduction or elimination of business-related debt that was accrued due to the use of credit cards, equipment leases or prior business loans.

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