Traditional sources of business loans, such as banks and financial lenders, are sometimes unavailable or difficult to qualify for. But if you’re not financing large capital purchases or multi-million dollar projects, and need a relatively modest amount of cash, a microloan may be the answer.
Microloan programs, such as those offered by Kiva, a San Francisco based non-profit, can finance amounts as small as $25 or as large as $10,000.
Although microfinance is often associated with entrepreneurial projects in third world countries, it can also be of value to those in more developed nations. http://bit.ly/MmkwYd
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