Micro Loans for Bad Credit

Micro loan for small business with bad credit is designed to help small sized companies to allow their business to grow. It enhances your cash flow with easy access to funding. Micro business funding is unsecured which means where you need not use your assets or resources as a collateral. You can plan your finances effectively with a fixed monthly payment reschedule. Usually these loans are intended for the purchase of equipment, fixtures, furniture, inventory, machinery, supplies and working capital.

• The maximum tenure for this loan is 1-5 years depending on the loan amount.
• Depending on your business need we allow you to borrow $5,000 - $2M with affordable interest rates ranging from the 8- 13% PS. If the company has an outstanding micro loan with the other financial institutions, it will not be eligible for Micro loan.
• Flexible Repayment period up to 60 Months

• Ensure that your business qualifies for the loan
• Prepare the supporting documents
• A copy of your business description
• Audited accounts or certified financial statements
• Bank statements
• Individual income tax assessment of owners and directors

• Click here for the application form
• Submit the Application Form with the supporting documents
• Processing of applications may be longer depending on the size of the loan and other factors.

• Receive funds from our lender
• Ensure you make repayments on time

Our Micro loans for bad credit program provides loans up to $2M, helps small businesses and certain nonprofit organizations start up and expands. The average micro business funding is about $2M. We have specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers.

We believe everyone should have right to use our affordable financial services, including those in the local community that are underserved by traditional banking products or deserted by banks as unprofitable.