What Is A Micro Business Loan?
A Micro Business Loan is a smaller than normal business loan for those business owners in need of a quick solution for what might not be a little problem to their business. Micro - meaning "small" is exactly what a Micro Business Loan is. Usually a Micro Business Loan is anywhere from $2,000 to $10,000 and repayment of such a loan is within 6 months.
Our Micro Business Loan program is for those small business owners whom need to borrow less than the minimum bank loan requirements, with the ability to repay the loan through cash flow over 6 months (24 weeks).
How is our loan different? The Micro Group has created a great platform where we offer $7,500 to a small business owner for working capital purposes. Once weekly, your operating business account will be drawn from for a small fixed amount over the course of 6 months (24 weeks), until your Micro Business Loan is paid back in full.
If you have positive cash flow, have been in business for a minimum of 1 year, are profitable, and do business in San Diego, there is a high probability that your business would be approved for a Micro business Loan today.
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