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2025-04-29T16:40:38Z

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==Procedure==
'''Apply In-Person ''' 
#To Apply for Micro Loans (SBA), the applicant has to approach the U.S Small Business Administration [https://www.sba.gov/local-assistance/find link]
#:'''Note:''' Enter the Zip Code and click the “Search” button to check the regional address.
#Microloans are available through certain non-profit, community-based organizations that are experienced in lending and business management assistance.
#To get microloan, the applicant has to work with an SBA – approved intermediary.
#To check the local areas, please check the given following [https://www.sba.gov/partners/lenders/microloan-program/list-lenders link]
#:'''Note:''' To get the regional address select the state.
#Applicant has to visit the office with the request letter and the necessary documents.
#Make sure that the applicant has to attach all the necessary documents that are mentioned in the “Required Documents” section of this page.
#The authority will review the documents and further guidelines about the details will be intimate by the respective officers.
#Fee details for this procedure is mentioned in the “Fees” section of this page.
#SBA-approved lenders make all credit decisions and set all terms for the microloan within the stipulated period of time. 
 
==Required Documents==
*Business details
*Business license
*Request letter 
 
==Office Locations & Contacts==
'''U.S Small Business Administration''' 
Phone - 800-827-5722 
Hep desk mail - answerdesk@sba.gov 
Timing - Monday-Friday 9:00 a.m. to 6:00 p.m. ET. 
Contact details [https://www.sba.gov/about-sba/organization/contact-sba link] 
'''U.S Small Business Administration in Indiana''' [https://www.sba.gov/local-assistance/find link] 
 
'''Note:''' Enter the Zip Code and click the “Search” button to check the regional address. 
 

==Eligibility==
*Each intermediary lender has its own lending and credit requirements. Generally, intermediaries require some type of collateral as well as the personal guarantee of the business owner. 
:For more details about the eligibility is given in the following [https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/microloan-program%20 link] 
 
==Fees==
*Fee details [https://www.sba.gov/funding-programs/loans/microloans link]
:'''Note:''' scroll down to check the details.
*Check the payment options [https://www.sba.gov/funding-programs/loans/make-payment-sba link] 
 

==Validity==
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever 
 
==Documents to Use==
Please attach documents that can be used by people. e.g. links 
 
==Sample Documents==
Please attach sample completed documents that would help other people. 
 
==Processing Time==
The processing time will be intimate by the officer while submitting the documents. 
 
==Related Videos==
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'. 
 
==Instructions==
*Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
*Applicant must provide genuine information while applying for this procedure. 
 
==Required Information==
*Name
*Nationality
*Date of Birth
*Gender
*Residential Address
*Residential No
*Mobile No
*Email Address
*Educational Qualifications 
 
==Need for the Document==
*The microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centres start up and expand. The average microloan is about $13,000.
*SBA provides funds to specially designated intermediary lenders, which are non-profit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers. 
 
==Information which might help==
Microloans can be used for a variety of purposes that help small businesses expand. Use them when need is less than $50,000 to rebuild, re-open, repair, enhance, or improve your small business. 
 
Examples include:
*Working capital
*Inventory
*Supplies
*Furniture
*Fixtures
*Machinery
*Equipment 
 
Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate.
For more details [https://www.sba.gov/sites/default/files/2018-05/Microloan%20SOP%2052%2000%20B.pdf link] 
 
==Other uses of the Document/Certificate==
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity. 
 
==External Links==
[https://www.sba.gov/funding-programs/loans/microloans Link] 
 
==Others==
More information which might help people. 

[[Category:Indiana]]

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