NASE Blogs

Micro-Loans

Nov 12, 2009
Q: Are there loans available specifically for woman- or minority-owned businesses or for low-income entrepreneurs?

A: Yes, there are numerous organizations that serve those types of micro-business owners. Here are two worth checking out.

Count Me In offers micro-loans to women business owners nationwide. The organization takes into consideration your type of business, prior experience, credit history and how you intend to use the money. The loans range from $500 up to $10,000 and are available for startups or existing businesses. You can learn more at the Web site, www.countmein.org.

The Association for Enterprise Opportunity (AEO) is a funding and educational source for micro-business entrepreneurs with limited resources. It works with partners nationwide to provide micro-loans, training and access to markets. To find a lender in your area, go to www.microenterpriseworks.org. In the resource section, you can search for an AEO member near you.