Amount:
$7,500
Type of Program:
Loan
Description:
NADF Microloans help small business owners cover startup costs and other small expenses. Microloans are geared towards helping new and small businesses, so the requirements are more flexible.
Comments on Funding:
Funding ranges from $1,000 to $7,500.
The applicant will pay a flat interest rate of 8%. The application fee is waived.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
Individuals and existing businesses can apply for financing. Individuals must:
Existing businesses must:
Applications Steps:
Applicants must:
contact a NADF Business Support Officer to discuss application details,
complete and submit NADF loan application and a business plan,
discuss their application with the Account Manager,
provide additional information and/or clarification, if required.
Documentation Needed:
The applicant must complete and submit NADF loan application and a business plan.
