13 CFR 120.700
§ 120.700 What is the Microloan Program?
United States · 13 CFR — Business Credit and Assistance · Status: effective
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- Citation
- 13 CFR 120.700, § 120.700 What is the Microloan Program?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/52186
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Full text
The Microloan Program assists women, low income individuals, minority entrepreneurs, and other small businesses which need small amounts of financial assistance. Under this program, SBA makes direct and guaranteed loans to Intermediaries (as defined below) who use the proceeds to make loans to eligible borrowers. SBA may also make grants under the program to Intermediaries and other qualified nonprofit entities to be used for marketing, management, and technical assistance to the program's target population.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.